Welcome to your Economics SSC 50 MCQ SET:-4
Date:- 23/12/2024
1.
What is the difference between a debit card and a credit card ?
2.
In which year was the Value Added Tax introduced in India?
3.
What is the meaning of the term ‘Collateral’ in banking ?
4.
Which of the following is a function performed by commercial banks in India?
5.
Which of the following angles of the flow of factor payments forms the basis to estimate the national income?
6.
Which of the following options is not an example of small savings?
7.
According to the Output Method, GDP is calculated as:
8.
To combat inflation, what is the usual monetary policy stance adopted?
9.
The GDP deflator is also called:
10.
When RBI decides to decrease the repo rate, money supply will _ .
11.
Which of the given statements about the Union Budget is/are true?
12.
Which of the following statements best defines a Micro Finance Institution (MFI)?
13.
Which of the following statements is/are correct?
14.
As per the recommendations of the National Statistical Commission, the Base Year of the GDP Series in India was revised from 2004-05 to __ with effect from January 2015.
15.
Who among the following publishes the Economic Survey of India ?
16.
The Reserve Bank of India was nationalised on __.
17.
In which year did India’s ratio of public debt to GDP go up to a record 84.2% ?
18.
Which of the following is India’s first Paperless Budget?
19.
NDP at FC = GDP at FC minus _.
20.
Which of the following items does NOT directly affect the Current Account Balance of India?
21.
What is the main role of commercial banks in the economy?
22.
What does the term ‘interest’ refer to in banking?
23.
The Union Budget, 2020-21, increased deposit insurance coverage for bank deposits to ₹ __ (lakhs)per depositor.
24.
Which of the following microfinance institutions was established in India at the time of independence?
25.
__ is a tax system that collects a greater share of income from those with high incomes than from those with lower incomes.
26.
In 1950-51, what percentage of GDP of India was contributed by the industrial sector?
27.
The difference between a farmer’s output over and above his on-farm consumption is known as __.
28.
For providing a non-microfinance loan to a low-income household, there is a limit of __ on monthly loan repayment obligations of a household as a percentage of monthly household income.
29.
In India all loans that are below __ are considered as micro loans.
30.
The maximum limit on microfinance loans for NBFCs other than NBFC-MFIs is_________ .
31.
Which of the following sectors of the economy has the highest share in India’s GDP ?
32.
Lack of financial discipline by the government can lead to __.
33.
Which of the following commodities are exempted from GST?
34.
Which of the following is NOT a characteristic of money?
35.
The value of the Gross Domestic Product (GDP) of India is published by PIB in __.
36.
What is the main function of money in an economy ?
37.
When tax collection exceeds the required expenditure, the budget is said to be in __.
38.
The important milestones of the SHG Bank linkage movement was spearheaded by __ with support from RBI.
39.
What is the purpose of a savings account?
40.
Who issued guidelines for the microfinance institutions in India?
41.
The Reserve Bank of India was established in:
42.
Ronald Reagan, the 40th President of the US, signed the largest tax cut in the history of their country in Which economic theory was this policy centred around?
43.
What is the domestic income if national income is ₹10,000 crore and net factor income from abroad is ₹2,000 crore?
44.
GDP that takes into account the costs in terms of environmental pollution and exploitation of natural resources is called __.
45.
Which of the following is a key objective of Micro Finance Institutions in India ?
46.
What is a dimension related to the sustainability of microfinance institutions in India?
47.
The tax imposed on goods imported into and exported out of India is called _.
48.
In the concept of money supply, M4 refers to __.
49.
__ is an instrument under the Liquidity Adjustment Facility (LAF) at which RBI lends to commercial banks.
50.
Identify the correct statement in the context of money supply
