1.

Commercial banks lend to which of the [SSC CGL 16th April 2022]
following Priority sectors? (a) Share prices (b) Price inflation
[SSC CGL 11th April 2022] (c) Mutual fund prices (d) Land prices
(a) Heavy Industries Ans. D
(b) Agriculture, Small scale industries
(c) Foreign Companies 6. Money market is a market for
(d) State government in emergency ____________. [SSC CGL 12th April 2022]
situation (a) Short term fund
Ans. B (b) Long term fund
(c) Negotiable instruments
2. What is the accounting year of the (d) Sale of shares
Reserve Bank of India? Ans. A
[SSC CGL 12th April 2022]
(a) April-March 7. Which institution is known as 'Soft Loan
(b) July-June Window' of World Bank?
(c) October-September [SSC CGL 11th April 2022]
(d) January-December (a) IDBI (b) IDA
Ans. B (c) IMF (d) RBI
Ans. B
3. Among the following States,
_________has the lowest birth rate in India. 8.. Which curve shows the inverse
[SSC CGL 13th April 2022] relationship between unemployment and
(a) Kerala (b) Uttar Pradesh inflation rates – [SSC CGL 13th April 2022]
(c) Bihar (d) West Bengal (a) Supply curve (b)Indifference curve
Ans. A (c) IS curve (d) Phillips curve
Ans. D
4. The Secretariat of SAARC is set up at
____________. [SSC CGL 13th April 2022] 9. Special Drawing Rights were created by-
(a) Washington (b) Kathmandu [SSC CGL 12th April 2022]
(c) Hague (d) New Delhi (a) IBRD (b) ADB
Ans. B (c) IMF (d) WTO
Ans. C
5. 'Residex' is associated with :
10. In which of the following States India's
first Green Rail Corridor was launched in –
[SSC CGL 19th April 2022]
(a) Karnataka (b) Maharashtra
(c) Himachal Pradesh (d) Tamil Nadu
Ans. D
16. Which of the following is not a method
of estimating national income?
[SSC CGL 20th April 2022]
(a) Expenditure method (b) Output method
(c) Matrix method (d) Income method
Ans. C

11. Which place is said to be the 17. Which of the following taxes is levied by
Manchester of South India? the State Government only?
[SSC CGL 18th April 2022] [SSC CGL 16th April 2022]
(a) Coimbatore (b) Salem (a)Wealth tax (b)Entertainment tax
(c) Thanjavur (d) Madurai (c)Income tax (d)Corporate tax
Ans. A Ans. B

12. When the demand for a good increase 18. HDI is an aggregate measure of
with an increase in income, such a good is progress in which of the three dimensions?
called___________ [SSC CGL 19th April 2022]
[SSC CGL 19th April 2022] (a) Health, Education, Income
(a) Superior good (b) Giffin good (b) Food Security, Employment, Income
(c) Inferior good (d) Normal good (c) Agriculture, Industry, Services
Ans. A (d) Height, Weight, Colour
Ans. A
13. MUDRA Bank has been launched to
help [SSC CGL 20th April 2022] 19. The operational period of 12th Five Year
(a) Small business (b) Marginal farmers Plan is - [SSC CGL 20th April 2022]
(c) Poor women (d) Rural sector (a) 2007-12 (b) 2012-17
Ans. A (c) 2015-20 (d) 2005-10
Ans. B
14. Which of the following controls the
insurance business of India? 20. What is an octroi?
[SSC CGL 20th April 2022] [SSC CGL 20th April 2022]
(a) RBI (b) IDBI (a) Tax
(c) SEBI (d) IRDA (b) Tax collection centre
Ans. D (c)Tax processing centre
(d) Tax information centre
15. Which State Government has abolished Ans. A
"agriculture income tax" on plantation
companies. [SSC CGL 20th April 2022] 21. Swarna Jayanti Gram Swarojgar Yojna
(a) Karnataka (b) Rajasthan has now been restructured as
(c) Bihar (d) Assam [SSC CGL 11th April 2022]
Ans. A (a) Prime Minister's Rojgar Yojna
(b) National Rural Livelihoods Mission
(c) Jawahar Gram Samriddhi Yojana (b) Sale in a foreign market of a commodity
(d) Sampoorna Gramin Rojgar Yojana at a price below marginal cost
Ans. B (c) Sale in a foreign market of a commodity
just at marginal cost with too much of profit
22. Which of the following is not a (d) Smuggling of goods without paying any
commercial source of energy? customs duty
[SSC CGL 20th April 2022] Ans. B
(a) Coal (b) Petroleum
(c) Natural Gas (d) Firewood 28. "World Economic Outlook" report is
Ans. D published by which of the following?
[SSC CGL 18th April 2022]
23. The rate of tax increase as the amount (a) IMF (b) World Bank
of the tax base increases is called? (c) RBI (d) UNCTAD
[SSC CGL 12th April 2022] Ans. A
(a) Proportional tax (b) Progressive tax
(c) Regressive tax (d) Degressive tax 29. Which one of the following countries is
Ans. B not a member of the "BRICS" group?
[SSC CGL 11th April 2022]
24. The supply-side economics lays greater (a) Brazil (b) Russia
emphasis on ______. (c) China (d) Indonesia
[SSC CGL 20th April 2022] Ans. D
(a) Producer (b) Global economy
(c) Consumer (d) Middle Man 30. Which one of the following is not an
Ans. A instrument of Fiscal policy?
[SSC CGL 20th April 2022]
25. The founding father of "Theory of (a) Open Market Operations
bureaucracy" was? (b) Taxation
[SSC CGL 20th April 2022] (c) Public borrowing
(a) F. W. Taylor (b) Max Weber (d) Public expenditure
(c) Elton Mayo (d) Herbert Simon Ans. A
Ans. B
31. In which of the following market forms,
26. The main effect of Direct Taxes is on a firm does not exercise control over price?
[SSC CGL 13th April 2022] [SSC CGL 12th April 2022]
(a) Food prices (b) Consumer goods (a) Monopoly
(c) Capital goods (d) Income (b) Perfect competition
Ans. D (c) Oligopoly
(d)Monopolistic competition
27. The term 'Dumping' refers to Ans. B
[SSC CGL 16th April 2022]
(a) The sale of a sub-standard commodity 32. Bilateral monopoly situation is
[SSC CGL 13th April 2022]
(a) when there are only two sellers of a
product
(b) when there are only two buyers of a
product
(c) when there is only one buyer and one
seller of a product
(d) when there are two buyers and two
sellers of a product
Ans. C
33. Lorenz curve shows
[SSC CGL 20th April 2022]
(a) Inflation (b) Unemployment
(c) Income distribution(d) Poverty
Ans. C
34. The BRICS New Development Bank
(NDB) has been set up for –
[SSC CGL 20th April 2022]
(a) Funding infrastructure projects in
emerging
economics for sustainable development
(b) Funding non-infrastructure projects in
emerging economics for sustainable
development
(c) Funding infrastructural projects in
developed countries
(d) Funding infrastructural projects in
African countries only
Ans. A
35. An indifference curve measures Ans. C
_________ level of satisfaction derived from
different combinations of commodity X 40. What will you call a system of taxation
and Y. [SSC CGL 12th April 2022]
(a) same (b) higher
(c) lower (d) minimum
Ans. A
36. Redistribution of income in a country Ans. C
can be brought about through
[SSC CGL 18th April 2022]
(a) Progressive taxation combined with
progressive expenditure
(b) Progressive taxation combined with
regressive expenditure
(c) Regressive taxation combined with
regressive expenditure
(d) Regressive taxation combined with
progressive expenditure
Ans. A
37. Which one of the following is not a
scheme or project?
[SSC CGL 12th April 2022]
(a) AMRUT (b) Swachh Bharat
(c) AYUSH (d) Jan Dhan Yojana
Ans. C
38. The major objective of monetary policy
is to? [SSC CGL 20th April 2022]
(a) Increase government's tax revenue
(b) Revamp the Public Distribution System
(c) Promote economic growth with price
stability
(d) Weed out corruption in the economy
Ans. C
39. Trickle down theory ignores the impact
of economic growth on –
[SSC CGL 11th April 2022]
(a) Investment (b) Savings
(c) Income distribution (d) Consumption
under which the poorer sections are taxed
at higher rates than the richer sections?
[SSC CGL 13th April 2022]
(a) Progressive tax (b) Proportional tax
(c) Regressive tax (d) Degressive tax
41. An economy in which activities are
organized through market
demand and supply is called:
[SSC CGL 18th April 2022]
(a) Socialistic Economy
(b) Self reliant economy
(c) Market Economy
(d) None of these
Ans. C
force of
45. Fiscal policy in India is formulated by –
[SSC CGL 13th April 2022]
(a) Reserve Bank of India
(b) Planning Commission
(c) Finance Ministry
(d) SEBI
Ans. C

42. According to Malthusian theory of 46. What is MUDRA?

population[SSC CGL 20th April 2022] [SSC CGL 16th April 2022]
(a) Population increases in geometric ratio, (a) Development and Refinance Agency
food supply increases in arithmetic ratio (b) Scheme for Agricultural Insurance
(b) Population increases in arithmetic ratio, (c) New Planet Discovered
food supply increases in geometric ratio (d) Development and Regulatory Authority
(c) Population increases in a harmonic for Urban Township
mean, food supply increases in geometric Ans. A
ratio
(d) Population increases in a harmonic 47. If price of an article decreases from P1
ratio, food supply increases in a arithmetic to Rs 25, quantity demanded increases
ratio from 900 units to 1200 units. If point elasticity
Ans. A of demand is 2 find P1?
(a) Rs. 20 (b) Rs. 30
43. What is a bank rate? (c) Rs. 35 (d) Rs. 15
[SSC CGL 16th April 2022] Ans. B
(a) Rate at which Central bank of a country
advances loans to other banks in the 48. Which among the following is a
country characteristic capitalist economy of?
(b) Rate at which banks advance loans to [SSC CGL 11th April 2022]
the customers (a) Minimum government intervention
(c) Rate at which banks lend among (b) Market forces are highly regulated
themselves (c) It is a socialist system
(d) Rate at which banks lend to money (d) Maximum government intervention
lenders Ans. A
Ans. A
49. If demand curve for camping tents is D
44. Which of the following tax systems will = 100000- 17P and supply curve is S = 50000
help to reduce economic inequalities in + 8P, find the equilibrium Price?
India? [SSC CGL 12th April 2022] (a) Rs. 1000 (b) Rs. 2000
(a) Regressive Tax (b) Progressive Tax (c) Rs. 4000 (d) Rs. 500
(c) Flat rate tax (d) None of these Ans. B
Ans. B
50. Value of Total Goods and Services 55. In 2015 the nominal rate of interest in
produced in a country is its _____________ . country was 6%, and the inflation rate then
[SSC CGL 13th April 2022] was 1.5%. So real rate of interest in 2015
(a) Gross Domestic Product was
(b) Gross Revenue Income (a) 7.5% (b) 4.5%
(c) Total Goods Revenue (c) 4% (d) 0.25%
(d) Total Income Ans. B
Ans. A
56. The goods which people consume
51. A company faces a -2.5 price elasticity more, when their price rises are called
of demand for its product. It is presently _______. [SSC CGL 20th April 2022]
selling 10,000 units/month. If it wants to (a) Essential goods (b) Capital goods
increase quantity sold by 6%, it must lower (c) Veblen goods (d) Giffen goods
its price by - Ans. A
(a) 3.50% (b) 15%
(c) 2.50% (d) 2.4% 57. A beedi making workshop can hire 5
Ans. D women by paying them Rs. 300 per day.
The 6th woman demands Rs. 350 per day. If
52. Lowering of value of currency relative this woman is hired then all other women
to a foreign reference currency is called must be paid Rs. 350. The marginal
_________. [SSC CGL 20th April 2022] resource (labour) cost of the 6th woman is
(a) Devaluation (b) Revaluation (a) Rs. 600 (b) Rs. 50
(c) Down valuation (d) Negative valuation (c) Rs. 300 (d) Rs. 100
Ans. A Ans. A

53. A manufacturer faces price elasticity of58. Stagflation is defined as –

demand of a -2 for its product. If it lowers its
[SSC CGL 11th April 2022]
price by 5%, the increase in quantity sold (a) low inflation, low growth, low
will be - unemployment
(a) 3% (b) 10% (b) high inflation, low growth, high
(c) 2.50% (d) 7% unemployment
Ans. B (c) high inflation, high growth, high
unemployment
54. If cash reserve ratio decreases, credit (d) low inflation, high growth, low
creation will _______. unemployment
(a) Increase Ans. B
(b) Decrease
(c) Does not change 59. At which rate, Reserve Bank of India
(d) First decreases than increases borrows money from commercial banks?
Ans. B (a) Bank Rate
(b) Repo Rate
(c) Reverse Repo Rate
(d) Statutory Liquidity Rate Ans. C
Ans. C
64. The market structure called monopoly
60. Movement along the supply curve is exists where there is exactly ______ seller in
known as ______ . [SSC CGL 16th April 2022] any market. [SSC CGL 12th April 2022]
(a) Contraction of supply (a) One (b) Two
(b) Expansion of supply (c) Five (d) Ten
(c) Increase in supply Ans. A
(d) Expansion and contraction of supply
Ans. D 65. For a price taking firm, average
revenue is ______ market price.
61. In which of the following case, law of [SSC CGL 20th April 2022]
demand fails? [SSC CGL 12th April 2022] (a) half of (b) equal to
(a) Giffen goods (c) double of (d) less than
(b) Normal goods Ans. B
(c) Inferior goods
(d) Both Giffen and Inferior goods 66.The study of individual markets of
Ans. A demand and supply in which the 'players',
or the decision makers, were also
62. Match the following. individuals (buyers or sellers, even
Form of Market Number of sellers and companies) who were seen as trying to
Buyers maximize their profits (as producers or
1. Oligopoly a. Large number of sellers) and their personal satisfaction or
sellers and buyers welfare levels (as consumers) is called?
2. Monopoly b. A few big sellers [SSC CGL 13th April 2022]
and a large number (a) Macroeconomics
of buyers (b) Econometrics
3. Perfect Competition c. One seller but (c) Microeconomics
large number of (d) Heterodox Economics
buyers Ans. A
[SSC CGL 16th April 2022]
(a) 1-b, 2-c, 3-a (b) 1-c, 2-a, 3-b 67.Which one of the following is a
(c) 1-a, 2-b, 3-c (d) 1-b, 2-a, 3-c component of Food Security System?
Ans. A [SSC CGL 20th April 2022]
(a)Buffer stock
63. The ________ curve represents the (b) Minimum support price
demand of all consumers in the market (c) Fair price shops
taken together at different levels of the (d) Mid day meals
price of the good. Ans. A
[SSC CGL 12th April 2022]
(a) monotonic (b) indifferent 68. What is the accepted average Calorie
(c) market demand (d) diminishing requirement for rural area in India?
[SSC CGL 17th April 2022]
(a)2100 (b)2200 74. Which one of the following is also
(c) 2300 (d) 2400 regarded as Disguised unemployment?
Ans. D [SSC CGL 21st April 2022]
(a) Underemployment
69.Who takes the decision regarding the (b) Frictional unemployment
savings and loan activities in a Self Help (c) Seasonal unemployment
Group (SHG)? [SSC CGL 20th April 2022] (d) Cyclical unemployment
(a) Private Bank Ans. A
(b) Reserve Bank of India
(c) Members of Group 75. When there is only one buyer and one
(d) Non Government Organizations seller of product, it is called _____ situation.
Ans. C [SSC CGL 20th April 2022]
(a) Public monopoly
70. Which amongst the following is in the list (b) Bilateral monopoly
of Maharatna? [SSC CGL 20th April 2022] (c) Franchised monopoly
(a) Coal India Limited (d) Monopsony
(b) Steel Authority of India Limited Ans. B
(c) Bharat Electronics Limited
(d) Bharat Heavy Electricals Limited 76. Which among the following sponsors
Ans. C Regional Rural Banks (RRB'S)?
[SSC CGL 16th April 2022]
71. Who gave the 'General Equilibrium (a) Reserve Bank of India
Theory'? [SSC CGL 21st April 2022] (b) Foreign Banks
(a) J. M. Keynes (b) Leon Walras (c) National Commercial Banks
(c) David Ricardo (d) Adam Smith (d) Co-Operative Banks
Ans. B Ans. C

72. Which of the following is not true about
a Demand Draft? [SSC CGL 21st April 2022]
(a) It is a negotiable instrument.
(b) It is a banker's cheque.
(c) It may be dishonoured for lack of funds.
(d) It is issued by a bank.
Ans. B
73. In which market form, a market or an
industry is dominated by a single seller?
[SSC CGL 21st April 2022]
(a) Oligopoly (b) Monopoly
(c) Duopoly (d) Competitive
Ans. B
77. Which among the following is not an
account under Balance of Payment (BOP)?
[SSC CGL 21st April 2022]
(a) Current Account
(b) Capital Account
(c) Official Reserves Account
(d) Financial Account
Ans. C
78. Which one of the following is not an
instrument of credit control in India?
[SSC CGL 12th April 2022]
(a) Rationing of credit
(b) Direct Action
(c) Open Market operations (c) Financial inclusion (d) Economic reform
(d) Variable cost reserve ratios Ans. B
Ans. C
84. Courier service comes under which
79. Which among the following is an sector? [SSC CGL 12th April 2022]
example of micro-economic variable? (a) Primary (b) Secondary
[SSC CGL 11th April 2022] (c) Tertiary (d) Both Secondary
(a) National Income and Tertiary
(b) Aggregate Supply Ans. C
(c) Employment
(d) Consumer's Equilibrium 85. Which among the following is not a
Ans. D direct tax? [SSC CGL 13th April 2022]
(a) Income tax (b) Wealth tax
80. Which of the following rate is charged (c) Corporate tax (d) None of these
by banks to their most credit worthy Ans. D
customers? [SSC CGL 21st April 2022]
(a) Prime Rate 86. Which of the following pair/pairs is/are
(b) Statutory Liquidity Rate INCORRECT? [SSC CGL 13th April 2022]
(c) Bank Rate I. Golden revolution - Fruits production
(d) Repo Rate II. Blue revolution - Increasing production
Ans. A of fertilizers
III. Yellow revolution - For the production of
81. Medium term loans are provided for a eggs
period of _____. [SSC CGL 16th April 2022] (a) Only I (b) Only II
(a) 1 year to 2 years (c) Both I and II (d) Both II and III
(b) 15 months to 3 years Ans. D
(c) 15 months to 4 years
(d) 1 year to 5 years 87. MTNL comes under which of the
Ans. D following category?
[SSC CGL 16th April 2022]
82. An economic system combining (a) Navratna (b) Maharatna
private and state enterprise is called as (c) Mini Ratna (d) None is correct
_____ [SSC CGL 11th April 2022] Ans. A
(a) Market economy
(b) Centrally planned economy 88. Which among the following is not an
(c) Private economy instrument of fiscal policy?
(d) Mixed economy [SSC CGL 21st April 2022]
Ans. D (a) Taxation (b) Public expenditure
(c) Public debt (d) Credit Rationing
83. What was the main motive of Third Five Ans. D
Year Plan in India? [SSC CGL 21st April 2022]
(a) Rural development (b) Agriculture 89. Which of the following equation is/are
INCORRECT? [SSC CGL 21st April 2022] [SSC CGL 11th April 2022]
I. NI = NDP + Net Foreign Income (a) Third Plan (b) Fifth Plan
II. GNP = GDP + Net Foreign Income (c) Seventh Plan (d) Ninth Plan
III. NDP = GNP – Depreciation Ans. B
(a) Only (I) and (II) (b) Only (III)
(c) Only (II) and (III) (d) Only (II) 95. Which tax causes a burden on the
Ans. B poorer section of the society?
90. Which of the following is called GDP [SSC CGL 11th April 2022]
Deflator? [SSC CGL 21st April 2022] (a) Direct Tax
(a) Ratio of nominal to real GDP (b) Indirect Tax
(b) Ratio of nominal to real GNP (c) Both Direct and Indirect Tax
(c) Ratio of nominal to real CPI (d) None of these
(d) Ratio of real to nominal GNP Ans. B
Ans. A
96. Which of the following agricultural
91. Which organisation monitors the banks commodity of India gives largest in terms
in actually maintaining cash balance? of export value? [SSC CGL 17th April 2022]
[SSC CGL 13th April 2022] (a) Tea (b) Basmati Rice
(a) State Bank of India (c) spices (d) cotton
(b) Reserve Bank of India Ans. B
(c) Grameen Bank of India
(d) None of these 97. Which of the following is represented by
Ans. B 'Lorenz Curve'? [SSC CGL 13th April 2022]
(a) Employment(b) Inflation
92. What does indifference curve (b) Deflation (d) Income Distribution
represent? [SSC CGL 13th April 2022] Ans. D
(a) Levels of Income and Capital
(b) Satisfaction derived from two goods 98. The central nodal agency for
(c) Income from two businesses implementing the price support operations
(d)Relationship between expenditure and for commercial crops is:
Savings [SSC CGL 12th April 2022]
Ans. B (a) NAFED (b) NABARD
(c) TRIFED (d) FCI
93. Union Cabinet has proposed to provide Ans. A
‘Housing for All’ by the year–
[SSC CGL 16th April 2022] 99. The __________ exchange rate is the
(a) 2019 (b) 2022 relative price of foreign goods in terms of
(c) 2025 (d) 2030 domestic goods. [SSC CGL 18th April 2022]
Ans. B (a) Artificial (b) Nominal
(c) Fixed (d) Real
94. After which five year plan, 'The Rolling Ans. D
Plan' was implemented?
100.___________ is an alternative way of
representing the production function. 105.From which of the following, is the GDP
[SSC CGL 12th April 2022] of a country not derived from?
(a) The Short Run (b) The Long Run [SSC CGL 17th April 2022]
(c) Isoquant (d) Average product (a) Agricultural sector (b)Industrial sector
Ans. C (c) International sector (d) Service sector
Ans. C
101.In a market system, the central
problems regarding how much and what to 106.___________ is the set of all possible
produce are solved through the combinations of the two inputs that yield
coordination of economic activities the same maximum possible level of
brought about by ________ signals. output. [SSC CGL 12th April 2022]
[SSC CGL 13th April 2022] (a) The Short Run (b) The Long Run
(a) Supply (b) Demand (c) Isoquant (d) Average product
(c) Price (d) Stock Market Ans. C
Ans. C
107. The __________ exchange rate is the
102._________ says that the marginal price of one unit of foreign currency in
product of a factor input initially rises withterms of domestic currency.
its employment level. But after reaching a [SSC CGL 16th April 2022]
certain level of employment, it starts falling.
(a) Artificial (b) Nominal
[SSC CGL 17th April 2022] (c) Fixed (d) Real
(a) Law of diminishing marginal product Ans. B
(b) Law of variable proportions
(c) The Short Run 108.__________ of an input is defined as the
(d) The Long Run change in output per unit of change in the
Ans. B input when all other inputs are held
constant. [SSC CGL 13th April 2022]
103.The closest example of a centrally (a) Marginal product
planned economy is the __________ for the (b) Production function
major part of the 20th Century. (c) Total product
[SSC CGL 20th April 2022] (d) Average product
(a) USA (b) India Ans. A
(c) Soviet Union (d) Japan
Ans. C 109.The collection of all possible
104.____________ is the relationship combinations of the goods and services
between the variable input and output, that can be produced from a given amount
keeping all other inputs are held constant. of resources and a given stock of
[SSC CGL 20th April 2022] technological knowledge is called the
(a) Total product (b) Average product ____________ of the economy.
(c) Isoquant (d) The Long Run [SSC CGL 16th April 2022]
Ans. A (a) Resource Probability Set
(b) Production Probability Set
(c) Resource Possibility Set
(d) Production Possibility Set
Ans. D

110.If at a price, market supply is greater

than market demand, we say that there is
________ in the market at that price.
[SSC CGL 17th April 2022]
(a) Equilibrium (b) Excess Demand
(c) Excess Supply (d) Marginal Revenue
Ans. C