Economics and Commerce –GK Quiz for SSC CHSL/FCI Exam Set-25

Economics and Commerce –GK Quiz for SSC CHSL/FCI Exam
Economics and Commerce –GK Quiz for SSC CHSL/FCI Exam Set-25:
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).Red tapism and corruption lead to………
a)    Inefficiency of production
b)    Inequality of income and wealth
c)    Abence of technology
d)    Efficient is of resources



2).The basic economic problems are common to………..
a)    capitalism
b)    socialism
c)     mixed economy  
d)      All the above



3).In a socialist economy, all decisions regarding production and distribution are taken by………
a)    Market forces   
b)    Central planning authority
c)    Customs and traditions
d)    Private sector



4).Price plays an important role in………….
a)    Capitalism   
b)    Socialism
c)    Mixed economy
d)    None of these



5).A capitalist economy is also called as……………economy.
a)    Command  
b)    Planned/command
c)    Market or free trade
d)    Traditional



6).The market forces are……………
a)    Supply and price
b)    Demand and price
c)    Prices of services
d)    Demand, Supply and Price



7).Consumer enjoys wider choice in…………..
a)    Traditional  
b)    Capitalist
c)    Socialist
d)    Mixed



8).The right to property exists largely in…….economy.
a)    traditional
b)    capitalist
c)    socialist
d)    mixed




9).Non-interference of the State is one of the characteristics of……….economy.
a)    socialist
b)    capitalist
c)    traditional
d)    mixed



10).Free market mechanism is the center of all economic activities under……economy.
a)    subsistence
b)    welfare
c)    market
d)    command



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


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