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SSC CPO Economy Quiz 12

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SSC CPO Economy Quiz 12

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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 12 is very useful to crack several competetive exams. Candidates can check the daily updates on SSC Official Website.

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1. For the buying and selling of precious metals such as Goldand Silver, the market established is termed as ________ .
    A. Capital Market B. Money Market C. Bullion Market D. wholesale cash market

Answer: Option C
2. Pump priming should be resorted to at a time of?
    A. Inflation B. Deflation C. Stagflation D. Reflation

Answer: Option B
3. The concept of joint sector implies cooperation between
    A. Public sector and private sector industries B. State Government and Central Government C. Domestic and Foreign Companies D. None of these

Answer: Option A
4. Income and consumption are ___________.
    A. directly related B. partially related C. inversely related D. unrelated

Answer: Option A
5. The rate of inflation increases when the purchasing powerof money___________ .
    A. Decreases B. Increases C. Stable D. Decrease just half

Answer: Option A
6. Which of the following e-commerce majors has signed an agreement with NIESBUD for encouraging SMEs to grow profitably online?
    A. Amazon B. Flipkart C. Snapdeal D. eBay

Answer: Option A
7. Short term contractions and expansions in economic activity are called ______________
    A. Expansions B. Recession C. Deficits D. The business cycle

Answer: Option D
8. Tax on inheritance is called __________
    A. Excise duty B. Estate duty C. Gift tax D. Sales tax

Answer: Option B
9. Which curve shows the inverse relationship between unemployment and inflation rates
    A. Supply curve B. Indifference curve C. IS curve D. Phillips curve

Answer: Option D
10. When was Consumer Protection Act (COPRA) passed?
    A. 1984 B. 1980 C. 1986 D. 1995

Answer: Option C
11. If the rupee depreciates, how the exporters are affected? A. They are unaffected B. They are in loss C. They are in profit D. They get credit crunch
Answer: Option C
12. Which of the following is not a primary function of a bank?
    A. Facilitating import of goods B. Remittance facility C. Safe custody of articles D. Foreign Exchange

Answer: Option A
13. Money spent on government programs is referred to as
    A. Revenue B. Obligation C. Expenditure D. Bonding

Answer: Option C
14. Sales commissions are classified as
    A. period costs B. indirect labor C. overhead costs D. product costs

Answer: Option D
15. Economics deals primarily with the concept of
    A. Poverty B. Money C. Scarcity D. Banking

Answer: Option C

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