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)
- Important GK Questions from Economics & Commerce for SSC Exam Set-21
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