Economics SSC GD Questions

SSC GD-General Knowledge and General Awareness

Economics MCQ Questions


1.
When did the rules under the Fiscal Responsibility and Budget Management Act come into force?
SSC GD 2021-30.11.2021-1
A.
July 2004
B.
August 2004
C.
August 2003
D.
July 2003
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ANSWER :
A. July 2004
2.
According to the Union Budget 2020, when will India host G20 presidency?
SSC GD 2021-30.11.2021-1
A.
2022
B.
2023
C.
2020
D.
2021
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ANSWER :
A. 2022
3.
Which of the following types of goods is defined as 'the goods that are identical, similar or comparable to another product, in the eyes of the consumer, such that they can either fully or partly satisfy the same needs of the consumer'?
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A.
Capital goods
B.
Intermediate goods
C.
Substitute goods
D.
Consumer goods
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ANSWER :
C. Substitute goods
4.
Which of the following was NOT the theme for Union Budget 2020-21?
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A.
Develop a Caring Society
B.
Aspirational India
C.
Economic Development for All
D.
Education for All
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ANSWER :
D. Education for All
5.
Which of the following statements about the Reserve Bank of India (RBI) is NOT correct?
SSC GD 2021-02.12.2021-1
A.
RBI is a banker’s bank.
B.
RBI formulates the annual budget for the central government.
C.
RBI is the banker to the government.
D.
RBI is the custodian of the country’s foreign exchange reserves.
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ANSWER :
B. RBI formulates the annual budget for the central government.
6.
As per guidelines issued by the Ministry of Heavy Industries and Public Enterprises, which of the following conditions must a Central Public Sector Enterprise fulfil to be eligible for grant of Maharatna status?
SSC GD 2021-02.12.2021-1
A.
Have an average annual turnover of more than ₹25,000 crores during the last 5 years
B.
Have an average annual net worth of more than ₹15,000 crores during the last 5 years
C.
Have a Navratna status
D.
Have an average annual net profit after tax of more than ₹5,000 crores during the last 5 years
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ANSWER :
C. Have a Navratna status