Latest Economics Questions | Economics Questions and Answers for SSC CGL 2024 & other Competitive Exams.
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One Liners Economics Questions and Answers. This is very helpful for various
competitive exams like SSC CGL, CHSL, MTS, RRB, DMRC, UPSC & other
competitive exams.
Economics Questions
for SSC CGL 2023/24:
201. Who first imagined the relation between the rate of interest and the
level of consumption –
Milton
Friedman
202.The most important source of tax revenue of
the Union Government is –
the corporation
tax.
203.The common currency introduced in eleven
European nations is called-
Euro
204.Which phenomena are virtual rents –
short term
205.Value-added tax was first applied in-
France.
206.VAT is levied on all stages of-
production
and sale
207.What is GST –
an indirect tax
208.What is the difference between the value of
visual exports and visual imports –
Trade
balance
209.Real estate belongs to which sector –
Third
210.Which sector is also called service sector –
Tertiary
sector
211. Transfer Income –
Unearned
Income
212.Differentiation can be made between value of
production and value added, if known –
value
of intermediate consumption
213.Monopolies have a marginal income –
less than the price
214.The equilibrium level point is where the
total income is-
equal
to the total cost
215.Explicit + implicit cost =
economic
cost
216.In the 2011-12 budget, the fiscal deficit (%
of GDP) for 2011-12 was projected at-
4.6
%
217.In the Budget Estimates for the year 2011-12,
in order to bring a green revolution in the rice based cropping system in the
past, Rs. 400 crore has been allocated –
Assam,
West Bengal, Orissa, Bihar, Jharkhand, Eastern Uttar Pradesh and Chhattisgarh
218.Which agency is responsible for estimation of
national income in India-
CSO.
219.Who developed the Human Development Index-
Mahbub-ul-Haq
220.In which budget the fringe benefit was
presented –
2005-06
221.In which year the Minimum Wages Act was first
approved in India –
1948
222.What is the opportunity cost of the component
of production –
which
she can earn in any other use.
223.What is the opportunity cost of production of
produce –
which can be earned in any
other use
224.When the price of the commodity of x
decreases-
the demand for x
decreases.
225.Pratibha is an exodus –
the
emigration of skilled personnel.
226.Which government measures to curb inflation –
deficit
financing, increase in production, taxation measures
227.If two items are complementary, then their
cross price is the elasticity –
negative.
228.The term Toikonomiya means –
Domestic
Management
229.The value of investment multiplier is related
to-
the
change in income due to change in autonomous investment.
230.Net national product of a country is –
gross
national product minus depreciation allowance.
231.When average cost of production decreases,
then marginal cost of production –
less than average
cost.
232.The process of curbing inflation by reducing
money supply is called –
Diffusion
233.In which year was the Kisan Credit Card Scheme introduced
–
1998
234. The poor save more than the rich –
a relatively small portion of their
income
235.In whose case the Green Revolution was most
successful in India –
Wheat
236.Who has to pass registration to scheduled
banks-
Reserve
Bank of India
237.Whose major contribution in revenue of Indian
Railways-
Freight
Traffic Income
238.Who is not considered as National Debt –
Life
Insurance Policies
239.Disinvestment happens –
selling government
shares to private companies
240.The complete form of the SRD is-
special
drawing rights.
241.Refrigerators working in a chemist's shop are
an example of a-
consumer's
goods.
242.................. is defined as the variable
input per unit –
the
average product
243.Which is the oldest Mazdoor Sangh
organization in India-
All
India Mazdoor Sangh Congress
244.Secondary sector of an economy refers to-
the
construction sector
245.According to Karl Marx, what changes are
inevitable as a result of –
changes in the
economy.
246.How far is the exclusive economic zone of a
country from its coast –
320
km.
247.Which company has become the highest ranked
Indian company in the Fortune Global 500 list in terms of sales –
Indian
Oil Corporation
248.When was the oilseed production program
started –
1990
249.Which item is the main item of Indian export-
Clothing
250.Small farmers are defined in the country as those farmers
with holding area –
one
to two hectares