Previous Year Questions from Economics For SSC Exams Part-II

By Sandeep Baliyan|Updated : May 16th, 2016
  1. Structural unemployment arises due to :Inadequate productive capacity
  2. "Disguised unemployment" refers to : more persons employed for a job which a few can accomplish.
  3. The securities and Exchange Board of India (SEBI) has imposed a restriction on money flow in equity through "P-Notes". The full form of "P-Notes" is: Participatory Notes.
  4. The money which government of India spends on the development of infrastructure in country comes from the following sources- Loan from World Bank/ ADB etc. Taxes collected from the people, Loan from the RBI etc.
  5. "Investor Protection Fund" has been established by : Stock Exchange
  6. The full form of FII is: Foreign Institutional Investor
  7. The Union Government, on March 3, 2008, launched a conditional cash transfer scheme for the girl child. The conditions of this scheme include registration of birth of the girl, following a total immunisation schedule, school enrolment and delaying of marriage until the age of 18 years. The name of this scheme is :Dhan Laxmi
  8. The National Association of Software and Service Companies (NASSCOM), the premier trade body represents: the IT and BPO industry
  9. The largest consumer of natural gas in the world is : the USA
  10. The country which leads in oil-consumption in the world is : the USA
  11. The country which leads in Internet users in the world is : the USA
  12. World's leading gold producer country is: South Africa
  13. Entry for Normal Loss is recorded in :Trading Account
  14. In product life cycle, the cost per unit is generally highest in the stage of :Introduction
  15. Accounting acronym GAAP stands for :Generally Accepted Accounting Practices
  16. Limited Liability is available in the kind of business organisation called: Company
  17. Rank Account is called :Real Account
  18. The form of accounting states that transactions are to be recorded in the period that they occur is:  Accrual basis of accounting
  19. The most important ratio for the Sales Tax Department from the control point of view is :Gross Profit Ratio
  20. The most important ratio for the Income Tax Department from the control point of view is: Net Profit Ratio
  21. The abbreviaion for debit and credit come from the language : Latin, 'debere and credere'
  22. A Public Limited Company tries to maximise: Wealth of Shareholders
  23. Anticipated losses are recorded in the books of accounts as per: Matching of Cost and Revenue
  24. Goodwill is recorded in the books of account only when : It is valued
  25. Depreciation Account is called: Nominal Account
  26. Monopoly is when there is single: Seller
  27. We can get the current ratio by :dividing current assets by current liabilities
  28. The major rubber producing state in India is: Kerala

Click here For Previous Year Questions from Economics For SSC Exams Part-I

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