Important GK Question from Economics and Commerce for SSC CHSL/FCI Exam Set-20

Important GK Question from Economics and Commerce for SSC CHSL/FCI Exam
Important GK Question from Economics and Commerce for SSC CHSL/FCI Exam Set-20:
List of Important GK questions from Economics and Commerce for SSC exam were given here. Candidates those who are all preparing for SSC CHSL, FCI Exam and all other competitive exams can use this material.

1).The Modern State is________.
a)    Laissez-faire State
b)    Aristocratic State
c)    Welfare State
d)    Police State



2).’Economic planning’ refers to________.
a)    The mobilization of taxes
b)    The allocation of resources
c)     The planning of manpower  
d)     The mobilization of both taxes and manpower



3).Economic planning is an essential feature of_________.
a)    Mixed economy   
b)    Dual economy
c)    Socialist economy
d)    Capitalist economy



4).In the States of India, the State Financial Corporations have given assistance
Mainly to develop_________.
a)    Agricultural farms   
b)    Cottage industry
c)    Large-scale industries
d)    Medium and small-scale industries



5).A major shift in the 9th Five-Year Plan from its preceding ones was__________.
a)    People’s involvement via local bodies in the development process  
b)    Major investment in agriculture with a view to promote exports
c)    The concentration of public investment in infrastructural sectors
d)    Major investment in sectors in which industrial sickness has been a chronic problem



6).Which of the following provides the largest part of the demand for loanable funds in India?
a)    Hire-purchase borrowers
b)    Private house purchasers
c)    Corporate businesses
d)    Farmers



7).The main arguments advanced in favour of small-scale and cottage industries in India is that__________.
a)    These generate a large volume of employment  
b)    These require comparatively small capital investment
c)    These advance the goal of equitable distribution of income
d)    Cost of production is low



8).All of the following are subsidiaries of the State Bank of India, EXCEPT
a)    Central Bank of India
b)    State Bank of Bikaner and Jaipur
c)    State Bank of Hyderabad
d)    State Bank of Patiala



9).Which of the following deductions should not be made from the total revenue of a firm for arriving at its profit for a year?
a)    Depreciation of capital
b)    Dividends paid to ordinary shareholders
c)    Excess of the value of stocks over their purchase  
d)    Imputed interest on owner’s capital left in the business



10).Which of the following is not a characteristic of Indian agriculture?
a)    Over-dependence on nature
b)    Low level of productivity
c)    Multiplicity of crops
d)    Predominance of large farms



Answers:                         
1). c) 2). b) 3).c ) 4). d) 5).a ) 6). c) 7). a) 8).a ) 9). b) 10).d )

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