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SSC CPO Economy Quiz 17

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SSC CPO Economy Quiz 17

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

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1. Which of the following is an institution of World Bank?
    A. IBRD B. IDA C. IFC D. All the above

Answer: Option D
2. Which of the following is known as soft loan window of the World Bank?
    A. IDA B. IFC C. IBRD D. MIGA

Answer: Option A
3. Economic Planning is a subject:
    A. in the Union List B. in the State List C. in the Concurrent List D. unspecified in any special list

Answer: Option A
4. Growth rate of population means
    A. The difference of growth between male and female. B. The difference in population between urban and rural area. C. The number of births per thousand people. D. The difference between birth and death rates.

Answer: Option C
5. Hard Currency is defined as currency:
    A. which can hardly be used for international transactions B. which is used in times of war C. which loses its value very fast D. D) traded in foreign exchange market for which demand is persistently relative to the supply

Answer: Option D
6. If the price of an inferior good falls, then its demand
    A. Rises B. Falls C. Remains constant D. Can be any of these

Answer: Option D
7. If the RBI adopts an expansionist open market operations policy, this means that it will?
    A. Openly announce to the market that it intends to expand credit B. Sell securities in the open market C. Offer commercial banks more credit in the open market D. Buy securities from non-government holders

Answer: Option C
8. In a free economy, inequalities of income are mainly due to ?
    A. Free competition B. Private property and inheritance C. Differences in the marginal productivity of labour D. Private property only

Answer: Option B
9. In equilibrium, a perfectly competitive firm will equate
    A. Marginal social cost with marginal social benefit B. Market supply with market demand C. Marginal profit with marginal cost D. Marginal revenue with marginal cost

Answer: Option D
10. In estimating the budgetary deficit, the official approach in India is to exclude
    A. Long term borrowings from the market B. Borrowings from the Reserve Bank of India C. Drawing down of the cash balance D. Borrowings from Reserve Bank in the form of ways and means advance

Answer: Option D
11. In general our five year plans aim at making our country to attain the status of a/an? A. Direct Taxes B. Excise Duties C. Sales Tax D. None of these
Answer: Option B
12. In India which of the following measures of Money denotes the Broad Money ?
    A. M1 B. M2 C. M3 D. M4

Answer: Option C
13. In India, the bank NABARD does not provide refinance to :
    A. Scheduled Commercial Banks B. Regional Rural Banks C. Export-Import Banks D. State Land Development Banks

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

Answer: Option B
15. In India, Inflation is measured by the?
    A. National Income Deflation B. Consumers Price Index for agriculture workers C. Consumers Price Index for urban non-manual workers D. Wholesale Price Index number

Answer: Option D

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