Economics SSC CGL Questions

Economics MCQ Questions

13.
As per the press release dated September 2020 of the Government of India, what is the payment made by the Government of India at Minimum Support Price (MSP) rates in the last 6 years?
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A.
₹9 lakh crore
B.
₹7 lakh crore
C.
₹5 lakh crore
D.
₹3 lakh crore
ANSWER :
B. ₹7 lakh crore
14.
As per the Economic Survey of India 2021, SENSEX and NIFTY resulted in India’s market-cap to GDP ratio crossing ______ for the first time since October 2010.
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A.
100%
B.
80%
C.
50%
D.
75%
ANSWER :
A. 100%
15.
The Economic Survey of 2020-21 mentions that India’s fiscal policy should reflect ________ sentiment of ‘a mind without fear’.
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A.
Jawaharlal Nehru’s
B.
Gurudev Rabindranath Tagore’s
C.
Mahatma Gandhi’s
D.
Shyama Prasad Mukherjee’s
ANSWER :
B. Gurudev Rabindranath Tagore’s
16.
Which of the following was the first development bank in India?
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A.
National Housing Bank
B.
Export Import Bank of India
C.
Industrial Finance Corporation of India
D.
Industrial Development Bank of India
ANSWER :
C. Industrial Finance Corporation of India
17.
According to the Union Budget 2020-2021, the bank credit growth as of January 1, 2021, stood at _________%
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A.
5.9
B.
6.7
C.
5.2
D.
7.1
ANSWER :
B. 6.7
18.
Which of the following does NOT come under the category of Public Goods?
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A.
Government administration
B.
Food items
C.
National defence
D.
Roads
ANSWER :
B. Food items