Welcome to your Economics SSC 50 MCQ SET:-2
Date:- 23/12/2024
1.
Calculate the GDP at factor cost given in the following data. GDP at market price = 600 crores Consumption of fixed capital = 100 crores Indirect taxes = 200 crores Subsidies = 50 crores
2.
Calculate the NNP (₹in crore) at market price from the given data
3.
Assessment of the country’s GDP growth, external balance and fiscal balance are presented in which part of the budget document?
4.
In which type of tax is the marginal tax rate higher than the average tax rate?
5.
Which of the following is an example of a non-debt capital receipt in the government budget ?
6.
Expenditure of the government on health facilities, education and fixed-asset acquisition is termed as __ .
7.
Import substitution strategy is commonly called __.
8.
Which of the following statements is correct regarding the features of a perfectly competitive market?
9.
According to David Ricardo, during a high deficit situation taxation and borrowings are _ means of spending.
10.
What is personal income ?
11.
Why are intermediate goods NOT included in the calculation of national income?
12.
Which of the following methods is used to calculate national income by summing up the total spending on final goods and services in an economy?
13.
Recoveries of loans and advances, borrowings, are an example of __
14.
Which of the following is a source of tax revenue ?
15.
Which of the following is a correct expression?
16.
Usually, the reduction in the taxes will have __ multiplier effect compared to an increase in government spending on aggregate demand.
17.
Which of the following is the correct formula for calculating Net Indirect Taxes ?
18.
Match the items is List I with those in List II.
19.
Which of the following is a FALSE statement in the context of the government budget?
20.
What is a budget deficit?
21.
Which of the following statements about GDP and Welfare are correct?
22.
Which of the following statements is correct regarding the production possibility frontier?
23.
The consumption of fixed capital is also known as _.
24.
Which of the following options represents the total income earned by individuals from all the sources before deduction of personal income taxes?
25.
What do you mean by balanced budget ?
26.
Commercialisation of agriculture is an indication of _ .
27.
Which of the following statements(s) is true?
28.
Which of the following is an example of capital receipt in the government budget?
29.
In India, which of the following is NOT an objective of the National Manufacturing Policy?
30.
Consider the given consumption function of country X and answer the following question
31.
Which department of the Government of India declares the minimum support prices ?
32.
Which of the following is used to measure the total output of goods and services in an economy including depreciation during a specific period within a country ?
33.
Which of the following is an objective of the Government Budget?
34.
Which of the following represents disposable income?
35.
What is the full form of WPI?
36.
Which of the following is NOT included in inventory investment when calculating national income ?
37.
__ refers to money that has already been spent and which cannot be recovered.
38.
Which of the following statements about transfer payments are correct?
39.
The ‘transformation curve’ is also known as the:
40.
A higher __ index reflects inequality in income distribution.
41.
The production function can be expressed as_________ (where L is labour and C is capital and Q is the maximum output that can be produced)
42.
Which of the following is true about disposable income in relation to personal income?
43.
A government budget shows a primary deficit of ₹6,900 crore. The revenue expenditure on interest payment is ₹400 crore. Fiscal deficit is equal to:
44.
Which of the following is considered as a good indicator of economic growth?
45.
Factor cost is also known as:
46.
NDP at FC plus net factor income from abroad is equal to _ .
47.
What was the minimum consumption expenditure (₹ per capita per month) set as a benchmark of the poverty line for rural India in 1979?
48.
Trade liberalisation has helped India improve its _ in industries with medium-to-high technology content.
49.
Identify the true statement.
50.
Which of the following statements is correct regarding the marginal utility of a commodity?
