GK Quiz 112: Economics Quiz for SSC and other exams

General Awareness Quiz – Economics

General Awareness Quiz Set 112 for SSC CGL, SSC CHSL and Railways exams. Economics Quiz for SSC CGL, SSC CHSL, Railways etc.

Topic: Economics

  1. The RBI regulates the Commercial Banks in matters of
    A) Mergers of Banks

    B) Branch Expansion
    C) Liquidity of assets
    D) All the above
    View answer
      Option D.
    Explanation: All of the Above.
  2. Extreme forms of markets are?
    A) Oligopoly: Monopoly

    B) Perfect Competition: Monopoly
    C) Perfect Competition: Monopolistic Competition
    D) Perfect Competition: Oligopoly
    View answer
      Option B.
    Explanation: Perfect Competition: Monopoly.
  3. In Indian Economy, which of the following is also called Narrow Money?
    A) M1

    B) M2
    C) M3
    D) M4
    View answer
    Option A.
    Explanation: M1.
  4. Variation in Cash Reserve Ratio and Open Market Operations are instruments of?
    A) Budgetary Policy

    B) Trade Policy
    C) Monetary Policy
    D) Fiscal Policy
    View answer
    Option C.
    Explanation: Monetary Policy.
  5. Goods which are meant either for Consumption or Investment are called as?
    A) Final Goods

    B) Giffen Goods
    C) Inferior Goods
    D) Intermediate Goods
    View answer
    Option A.
    Explanation: Final Goods.
  6. The famous three P’s of Environmental Awareness are?
    A) People, Poverty and Politics.

    B) Power, Production and Pollution.
    C) Population, Politics and Price.
    D) Population, Povert and Pollution.
    View answer
    Option C.
    Explanation: Population, Politics and Price.
  7. Brent Index is associated with which one of the following?
    A) Inflation

    B) Crude Oil Price
    C) Gold Price
    D) Export Rate Index
    View answer
    Option B.
    Explanation: Crude Oil Price.
  8. The non expenditure cost which arises when the producing firm itself owns and supplies certains factors of production are?
    A) Replacement Costs

    B) Explicit Costs
    C) Original Costs
    D) Implicit Costs
    View answer
    Option D.
    Explanation: Implicit Costs.
  9. A part of National Debt known as External Debt is the amount?
    A) Lent by its Citizens to Foreign Government.

    B) Amount borrowed by its citizens from abroad.
    C) Lent by its Government to the foreign Government.
    D) Borrowed by its Government from abroad.
    View answer
    Option D.
    Explanation:
    Borrowed by its Government from abroad.
  10. Which one of the following is not the method for Computing GNP?
    A) Expenditure Approach

    B) Income Approach
    C) Suppliers’ Preferences
    D) Consumer Preferences
    View answer
    Option B.
    Explanation: Income Approach.

 

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