Tuesday, July 8, 2014

Economics Quiz for SSC Exams

1. On the Administered Price of Which of the following articles no subsidy is given?

  • DAP
  • ATF
  • LPG
  • Kerosene Oil
  • Click Here to See the Answer and Explanation
  • ATF - In india, no subsidy is given to Aviation Turbine Fuel(ATF), Indian Oil Aviation Service is a leading aviation fuel solution provider in India and the most preferred supplier of jet fuel to major international and domestic airlines.







2.Which of the following statements is not true when there is an increase in interest rate in an economy?

  • Increase in Saving
  • Decrease in Loan
  • Increase in Production Cost
  • Increase in Capital Return
  • Click Here to See the Answer and Explanation
  • Increase in Capital Return






3.How the interest- level of a country is affected by FDI?

  • Increases
  • Decreases
  • remains unaffected
  • There is increase or decrease
  • Click Here to See the Answer and Explanation
  • Decreases





4. Which of the following has the least possibility of globalization?

  • Selection of labour Force
  • Location of Capital Works
  • To Manage resources for investment
  • Increase in infrastructure
  • Click Here to See the Answer and Explanation
  • Location of Capital Works






5. Multiplier process in economic theory is conventionally taken to mean:

  • the manner in which prices increase
  • the manner in which banks create credit
  • income of an economy grows on account of an initial investment 
  • the manner in which government expenditure increases
  • Click Here to See the Answer and Explanation
  • Income of an economy grows on account of an initial investement






6.A financial instrument is called a "Primary Security" if it represents the liability of:

  • some ultimate borrower
  • the Government of India
  • a Primary Cooperative bank
  • a Commercial Bank
  • Click Here to See the Answer and Explanation
  • Some Ultimate Borrower






7. Personal Dispose Income is:

  • always equal to personal income
  • always more than personal income
  • equal to personal income minus direct taxes paid by household  
  • equal to personal income minus indirect taxes
  • Click Here to See the Answer and Explanation
  • equal to personal income minus direct taxes paid by household







8.Indirect tax means:

  • there is not direct relationship between the tax payer and the government.
  • direct relationship between the tax payer and the government
  • tax base is income
  • the incidence and impact are on the same person on whom tax is imposed
  • Click Here to See the Answer and Explanation
  • there is not direct relationship between the tax payer and the government






9. Who said "Supply Creates its own Demand"?

  • Adam Smith
  • J.B Say
  • Marshall
  • Ricardo
  • Click Here to See the Answer and Explanation
  • J.B Say







10. Scheduled Banks have to be registered with:

  • SEBI
  • RBI
  • Finance Ministry
  • SBI
  • Click Here to See the Answer and Explanation
  • RBI

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