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SSC CPO Economy Quiz 21

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SSC CPO Economy Quiz 21

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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 21 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 gulf countries has announced to form new economic and partnership group named 'Joint Cooperation Committee' inDecember 2017?
    A. UAE and Saudi Arabia B. Qatar and UAE C. Bahrain and Kuwait D. Oman and Saudi Arabia

Answer: Option A
2. Find the similarity among the following: Makar Sankranthi, Pongal, Lohri, Baisakhi
    A. All are festivals of North India B. All are names of harvest festivals C. All are festivals celebrated in the month of January D. There is no similarity at all

Answer: Option B
3. Which among the following is the difference in valuebetween a countrys imports and exports?
    A. Balance of Trade B. Balance of Payment C. Balance of power D. Credit Balance

Answer: Option A
4. Which of the following is not true regard to Goods and Services Tax (GST) ?
    A. It will replace luxury tax B. It is a direct tax C. It will replace multiple taxes on a product or service D. It is an indirect tax

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

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

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

Answer: Option A
8. 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
9. The term 'Macro Economics' was used by __________
    A. J.M. Keynes B. Ragner Frisch C. Ragner Nurkse D. Prof. Knight

Answer: Option B
10. Economic planning in India is in____
    A. Union List B. State list C. Concurrent List D. None

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

Answer: Option C
13. 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
14. In which of the following case, law of demand fails?
    A. Giffen goods B. Normal goods C. Inferior goods D. Both Giffen and Inferior goods

Answer: Option A
15. 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

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