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SSC CPO Economy Quiz 15

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SSC CPO Economy Quiz 15

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

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1. In India, Paper Currency first started in the year?
    A. 1774 B. 1810 C. 1852 D. 1861

Answer: Option D
2. In India, present trend of rapid urbanisation is due to:
    A. lack of employment opportunities in rural areas B. influence of cinema and electronic media C. break up of joint family system D. abolition of zamindari system

Answer: Option A
3. In India, present trend of rapid urbanisation is due to?
    A. Break up of joint family system B. Abolition of zamindari system C. Lack of employment opportunities in rural areas. D. Influence of cinema and electronic media

Answer: Option C
4. In India, the first bank of limited liability managed by Indians and founded in the year 1881 was?
    A. Punjab National Bank B. Punjab and Sind Bank C. Oudh Commercial Bank D. Hindustan Commerical Bank

Answer: Option C
5. In India, the interest rate on savings accounts in all the nationalised commercial banks is fixed by
    A. Finance Minister of India B. Union Finance Commission C. Indian Bank Association D. Reserve Bank of India

Answer: Option D
6. The place where bankers meet and settle their mutual claims and accounts is known as:
    A. treasury B. clearing house C. collection centre D. dumping ground

Answer: Option B
7. In India, which of the following affects poverty line the most?
    A. Quantum of gold reserve B. Per capita income C. Production quantum D. Level of prices

Answer: Option B
8. In the context of India's Five Year Plans, a shift in the pattern of industrialization, with lower emphasis on heavy industries and more on infrastructure begins in:
    A. fourth Plan B. sixth Plan C. eighth Plan D. tenth Plan

Answer: Option C
9. In the last one decade, which one among the following sectors has attracted the highest foreign direct investment(FDI) inflows into India?
    A. Services sector B. Insurance sector C. Telecommunication D. Defence sector

Answer: Option C
10. In the second phase of nationalization of commercial banks, how many banks were nationalized?
    A. 4 B. 6 C. 8 D. 10

Answer: Option D
11. In the terms of economics, the recession occurring two times with a small gap in between is known as: A. Double Deflation B. Deflation C. Deep Recession D. Double Dip Recession
Answer: Option C
12. In the year 1969 how many banks were nationalised?
    A. 12 B. 14 C. 16 D. 18

Answer: Option B
13. In which of the Five Year Plans, preference was given to the weaker sections of the society?
    A. Second B. Third C. Fourth D. Fifth

Answer: Option D
14. Gross domestic capital formation is defined as?
    A. Expenditure incurred on physical assets only B. Production exceeding demand C. Flow of expenditure devoted to increased or maintaining of the capital stock D. Net addition to stock after depreciation

Answer: Option D
15. Gross Domestic Product (GDP) is the monetary value of?
    A. goods for the market and for self consumption B. stock of goods and services C. all final goods and services produced in a year D. goods produced for the markets only

Answer: Option C

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