Previous Year Questions from Economics For SSC Exams Part - I

By Sandeep Baliyan|Updated : November 7th, 2016
  1. Inflation, in theory, occurs when money supply grows at a higher rate than GDP in real terms.
  2. The existence of a large parallel economy, fluctuations in agricultural and industrial output and indirect taxation are the reasons for : Cost-push inflation.
  3. Among the supply side measures to contain inflation is: to increase the supply of products or commodities.
  4. Population experts refer to the possible 'demographic bonus' that may accrue to India around 2016 A.D. They are referring to the phenomenon of: A surge in the population in the productive age groups.
  5. The significant change in the new FEMA which has replaced FERA is that the emphasis from imprisonment will be shifted to: Voluntary Compliance
  6. 'Level playing field' argument industries requires: Domestic industry to be treated at par with MNCs.
  7. One of the disadvantages of the Wholesale Price Index in India is that: It does not cover the service sector.
  8. Check-off system refers to the verification of membership through : deduction of subscription from pay.
  9. Direct taxation is a better form of taxation because: It allows for taxation according to means.
  10. Lender of the last resort, periodic inspection of commercial banks, issue of bank notes of all denominations are the functions of : Reserve Bank of India
  11. Multi Fibre Agreement deals with :Textiles
  12. Under the Medium Term Fiscal Restructuring Programme, state governments have been permitted to borrow from international financial institutions like the World Bank and Asian Development Bank to : replace their high cost debt with low cost funds.
  13. Open market operation of fiscal deficit was suggested by : Chakravarthy Committee.
  14. According to chakravarthy Committee, one of the principal causes affecting price stability in India is: Violent fluctuation in agricultural production.
  15. The concept of Total Fertility Rate(TFR) in population means the average number of children born to a woman during her lifetime.
  16. The first bank managed by Indians was :Oudh Bank
  17. The statement, "India has achieved national food security but has not ensured household food security" means: there is sufficient food stock but all households do not have access to it.
  18. The permit for duty free trade issued by the East India Company at a price to private traders was called: Diwani
  19. The demand for establishment of a department of agriculture in India was made by :Manchester Cotton Supply Association
  20. The birth rate measures the number of births during a year per : 1000 of population

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