Economics and Commerce –GK Quiz for SSC CHSL/FCI Exam Set-23

Economics and Commerce –GK Quiz for SSC CHSL/FCI Exam
Economics and Commerce –GK Quiz for SSC CHSL/FCI Exam Set-23:
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).All of the following totals would be included in a company’s profit and loss account, except
a)    Direct costs
b)    Overhead costs
c)    Allowance for depreciation of assets
d)    Value of premises owned by the company

2).The scheduled commercial banks in the public sector account for what percentage of commercial banking system in India?
a)    60 percent
b)    70 percent
c)     78.6 percent
d)     90 percent

3).Monetary policy in India is formulated by
a)    RBI   
b)    Ministry of Finance
c)    SEBI
d)    IFCI

4).With the increase in the production of an industrial concern, which of the following increases continuously?
a)    Average cost   
b)    Fixed cost
c)    Marginal cost
d)    Variable cost

5).Who manages a joint stock company?
a)    Its Board of Directors  
b)    Its General body
c)    Its Management Council
d)    All of the above

6).Which of the following is the leading export item among Indian plantation crops?
a)    Coffee
b)    Rubber
c)    Tea
d)    Spices

7).Which of the following is associated with the term ’deflation’ in economics?
a)    Decrease in the supply of coins and currency notes  
b)    Decrease in the supply of goods and services
c)    Decrease in the import of goods and services
d)    Decrease in the money relating to the supply of goods and services

8).The costs, which do not vary with changes in a firm’s output, are known as
a)    Fixed costs
b)    Variable costs
c)    Implicit costs
d)    Social costs

9).Which of the following is exclusively concerned with the credit needs of all types of agricultural and rural development in India?
a)    IBRD
b)    RBI
c)    NABARD
d)    SBI

10).The main function of the National Development Council in India is to
a)    Promote national integration
b)    Review the working of the National Plan from time to time
c)    Develop villages
d)    None of the above

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

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