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Economics Questions for SSC & Railway Exam 2018 Based on Adda247 Book: 23rd October

Economics Questions for SSC & Railway Exam 2018 Based on Adda247 Book: 23rd October – Latest SSC jobs_0.1

Dear aspirants,

With the passing months, exam preparation for govt. exams viz. SSC CGL, SSC CHSL, SSC CPO, SSC JE, SSC MTS and other prominent competitive exams is required to ace your performance in these sought after govt job. based exams. And to facilitate you with an extraordinary experience of learning via the best study content of ADDA247 Publication Books, we will be providing daily quizzes of all the four mandatory subjects let it be Quantitative Aptitude, English Language, Reasoning and General Awareness right away from ADDA247 Publication Best Books For all SSC Exams to facilitate you with our Publication Books’ efficiency encompassed with comprehensive study material subsumed with holistic notes, Practice Sets and Exercises. 

Starting from today, the quizzes on SSCADDA for all SSC Exams will be based on ADDA247 Publication Books to make you experience a beneficial journey which drum up your efforts, preparation strategy and time managing skills. GA holds its own importance in all SSC Exams considering the same, today’s GA Quiz is all set to catalyze your preparation.



Q1. What is the accounting year of the Reserve Bank of India?
भारतीय रिज़र्व बैंक का लेखांकन वर्ष क्या है?
(a) April-March/अप्रैल-मार्च
(b) July-June/जुलाई-जून
(c) October-September/अक्टूबर-सितम्बर
(d) January-December/जनवरी-दिसम्बर

Show Answer
Ans.(b)
Sol. The RBI’s accounting year is from July to June.

Q2. The Secretariat of SAARC is set up at ____________.
SAARC का सचिवालय ____________ में स्थापित किया गया है।
(a) Washington / वाशिंगटन
(b) Kathmandu / काठमांडू
(c) Hague / हेग
(d) New Delhi / नई दिल्ली

Show Answer
Ans.(b)
Sol. The SAARC Secretariat is based in Kathmandu, Nepal. It coordinates and monitors implementation of activities, prepares for and services meetings, and serves as a channel of communication between the Association and its Member States as well as other regional organisations. SAARC was founded in Dhaka on 8 December 1985.

Q3. Money market is a market for ____________.
मनी मार्केट ____________ के लिए बाजार है.
(a) Short term fund/ शॉर्ट टर्म फंड
(b) Long term fund/ दीर्घकालिक फंड
(c) Negotiable instruments/ परक्राम्य स‌ंलेख
(d) Sale of shares/ शेयरों की बिक्री

Show Answer
Ans.(a)
Sol. The money market became a component of the financial markets for assets involved in short-term borrowing, lending, buying and selling with original maturities of one year or less. Thus, it is a market for Short term fund.

Q4. Which curve shows the inverse relationship between unemployment and inflation rates –
कौन सा वक्र बेरोजगारी और मुद्रास्फीति दर के बीच व्युक्त संबंध दिखाता है-
(a) Supply curve/ आपूर्ति वक्र
(b) Indifference curve/उदासीन वक्र
(c) IS curve/IS वक्र
(d) Phillips curve/ फिलिप्स वक्र

Show Answer
Ans.(d)
Sol. Phillips curve shows the inverse relationship between unemployment and inflation rate.

Q5. In which of the following States India’s first Green Rail Corridor was launched in –
निम्नलिखित में से किस भारतीय राज्यों में पहला ग्रीन रेल कॉरिडोर लॉन्च किया गया था-
(a) Karnataka/कर्नाटक
(b) Maharashtra/महाराष्ट्र
(c) Himachal Pradesh/हिमाचल प्रदेश
(d) Tamil Nadu/तमिल नाडू

Show Answer
Ans.(d)
Sol. The India’s first Green Rail Corridor was inaugurated on the 114-km long Rameswaram-Manamadurai stretch in Tamil Nadu.

Q6. When the demand for a good increase with an increase in income, such a good is called___________
जब आय की वृद्धि के साथ उत्पाद की मांग में वृद्धि होती है, ऐसे उत्पाद को _______ कहा जाता है.
(a) Superior good/ सुपीरियर वस्तुएँ
(b) Giffin good/ गिफ़न वस्तुएँ
(c) Inferior good/ इन्फीरियर वस्तुएँ
(d) Normal good/ सामान्य वस्तुएँ

Show Answer






































Ans.(a)


Sol. When the demand for a good increases with an increase in income, such a good is called Superior good. A Superior good also may be a luxury good.





































Q7. Which of the following controls the insurance business of India?
इनमें से कौन भारत के बीमा कारोबार को नियंत्रित करता है?
(a) RBI
(b) IDBI
(c) SEBI
(d) IRDA

Show Answer
Ans.(d)
Sol. The Insurance Regulatory and Development Authority of India is an autonomous, statutory agency tasked with regulating and promoting the insurance and re-insurance industries in India.

Q8. Which of the following is not a method of estimating national income?
निम्नलिखित में से कौन सा राष्ट्रीय आय आंकने का तरीका नहीं है?
(a) Expenditure method/ व्यय विधि
(b) Output method/ आउटपुट विधि
(c) Matrix method/ मैट्रिक्स विधि
(d) Income method/ आय विधि

Show Answer









































Ans.(c)


Sol. Three strategies have been used to obtain the market values of all the goods and services produced and calculating national income: the product (or output) method, the expenditure method, and the income method. Matrix method is not method used for calculating National Income.








































Q9. HDI is an aggregate measure of progress in which of the three dimensions?
HDI तीन आयामों में से किसका प्रगति का एक समग्र माप है?
(a) Health, Education, Income/ स्वास्थ्य, शिक्षा, आय
(b) Food Security, Employment, Income/ खाद्य सुरक्षा, रोजगार, आय
(c) Agriculture, Industry, Services/ कृषि, उद्योग, सेवाएं
(d) Height, Weight, Colour/ ऊंचाई, वजन, रंग

Show Answer








































Ans.(a)


Sol. The Human Development Index (HDI) is a composite statistic (composite index) of life expectancy(health), education, and per capita income indicators, which are used to rank countries into four tiers of human development.







































Q10. What is an octroi?
ओक्ट्रोई क्या है?
(a) Tax/ कर
(b) Tax collection centre/ कर संग्रह केंद्र
(c) Tax processing centre/ कर प्रसंस्करण केंद्र
(d) Tax information centre/ कर सूचना केंद्र

Show Answer







































Ans.(a)


Sol. Octroi is a tax levied on various goods entering a town or city.








































Q11. Which of the following is not a commercial source of energy?
इनमें से कौन सा ऊर्जा का व्यावसायिक स्रोत नहीं है?
(a) Coal/ कोयला
(b) Petroleum/ पेट्रोलियम
(c) Natural Gas/ प्राकृतिक गैस
(d) Firewood/ जलाऊ लकड़ी

Show Answer
Ans.(d)
Sol. Firewood is a non-commercial source of energy.
Q12. The supply-side economics lays greater emphasis on ______.
आपूर्ति-पक्ष अर्थशास्त्र ______ पर अधिक जोर देता है.
(a) Producer/ उत्पादक
(b) Global economy/ वैश्विक अर्थव्यवस्था
(c) Consumer/ उपभोक्ता
(d) Middle Man/ मध्यस्त
Show Answer
Ans.(a)
Sol. Supply-side economics is the theory that says increased production drives economic growth. So, the supply-side economics lays greater emphasis on Producer.The factor of production are capital, labour, entrepreneurship, and land.
Q13. The main effect of Direct Taxes is on
प्रत्यक्ष कर का मुख्य प्रभाव किस पर होता है?
(a) Food prices/ खाद्य कीमतें
(b) Consumer goods/ उपभोक्ता वस्तुओं
(c) Capital goods/ पूंजीगत वस्तुएं
(d) Income/ आय
Show Answer
Ans.(d)
Sol. Direct tax is a type of tax where the incidence and impact of taxation fall on the same entity income.
Q14. “World Economic Outlook” report is published by which of the following?
“विश्व आर्थिक आउटलुक” रिपोर्ट निम्नलिखित में से किसके द्वारा प्रकाशित की गई है?
(a) IMF
(b) World Bank/विश्व बैंक
(c) RBI
(d) UNCTAD
Show Answer
Ans.(a)
Sol. World Economic Outlook” report by the International Monetary Fund (IMF) contains analysis and projections of the integral elements of the IMF’s surveillance of economic developments and policies in its member countries, and of the developments in the global financial markets and economic system
Q15. Which one of the following is not an instrument of Fiscal policy?
निम्नलिखित में से कौन सा वित्तीय नीति का साधन नहीं है?
(a) Open Market Operations/ खुला बाजार परिचालन
(b) Taxation/ टेक्सेशन
(c) Public borrowing/ सार्वजनिक ऋण
(d) Public expenditure/ सरकारी व्यय
Show Answer






































Ans.(a)


Sol. The major instruments of fiscal policy are – Budget, Taxation, Public Expenditure, Public Works, Public Debt (public borrowing).











































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