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SSC CPO Economy Quiz 1

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SSC CPO Economy Quiz 1

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Economy is a very important subject for Railway Recruitment exams and UPSC Exams. All these questions are easily understandable format. SSC CPO Economy Quiz 1 is very useful to crack several competetive exams. Candidates can check the daily updates on SSC Official Website.

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1. The implementation of which among the following programmes is/ was based upon
    A. National Rural Employment Guarantee Act B. Sampoorna Grameen Rozgar Yojna C. Swarna Jayanti Gram Swarozgar Yojna D. National Food for Work Programme

Answer: Option C
2. The power of the commercial banks to expand deposits through expanding their loans and advances is known as which among the following?
    A. Capital Expansion B. Credit Expansion C. Credit Control D. Credit Creation

Answer: Option D
3. If the Reserve Bank of India wants to block / hinder the Capital Outflows and contain the currency depreciation, which among the following would be th
    A. Increase Interest Rates B. Decrease Interest Rates C. Purchase Government Bonds D. Decrease Statutory Liquidity Ratio

Answer: Option A
4. In context with the operation of a transport business from scratches, which among the following mode would follow the Highest Fixed Cost and Lowest Ru
    A. Road B. Rail C. Water D. Pipe line

Answer: Option D
5. Who among the following has written the book “Growth & Finance”?
    A. Bimal Jalan B. K Subba Rao C. C Rangrajan D. Amartya Sen

Answer: Option C
6. A Maharatna company can invest up to which among the following amounts in a project independently?
    A. Rs. 1000 Crore B. Rs. 5000 Crore C. Rs. 10000 Crore D. Rs. 15000 Crore

Answer: Option B
7. The recommendations of which among the following working groups were implemented by the RBI with the introduction of the Base Rate with effect from Ju
    A. Usha Thorat B. Deepak Mohanty C. G.Gopalakrishna D. N. Sadasivan

Answer: Option B
8. Which among the following economists is best known for his concepts of New Trade Theory and New Economic Geography?
    A. Edward C Prescot B. Amartya Sen C. Edmund S Phelps D. Paul Krugman

Answer: Option D
9. The General Anti Avoidance and Thin Capitalization Rules to combat illicit transfer of money and assets abroad through complex financial arrangements and instruments have been incorporated as a part of which among the following?
    A. Foreign Exchange Management Act, 1999 (FEMA) B. Prevention of Money Laundering Act, 2002 (PMLA) C. Direct Taxes Code Bill D. Income tax Act 1961

Answer: Option C
10. Which among the following regulates the opening of bank accounts overseas by Indian residents and for outward or inward remission of funds through authorized channels?
    A. Ministry of External Affairs B. Ministry of Finance C. Ministry of Overseas Indians D. RBI

Answer: Option D
11. The enactment of COFEPOSA was done in 1974 for which among the following purposes?
    A. To enable the state authorities for preventive detention B. To curb the smuggling and conserve foreign currency C. To stop the financing of terrorist activities D. Maintenance of Internal Security

Answer: Option B
12. In which year, after independence, notes in denominations of Rs. 1,000, Rs. 5,000 and Rs. 10,000 were reintroduced in India?
    A. 1947 B. 1950 C. 1952 D. 1954

Answer: Option D
13. Which among the following bank had issued the first successful Credit Card of the world?
    A. Bank of America B. Standard Chartered Bank C. CitiBank D. ANZ Grindlays Bank

Answer: Option A
14. Who among the following heads the Trade and Economic Relations Committee (TERC) in India?
    A. Prime Minister B. Minister of Commerce C. Finance Minister D. Finance Secretary

Answer: Option A
15. Who among the following heads the Trade and Economic Relations Committee (TERC) in India?
    A. Prime Minister B. Minister of Commerce C. Finance Minister D. Finance Secretary

Answer: Option A

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