Economics and Commerce –GK Quiz for SSC CHSL/FCI Exam Set-26:
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).’Fire
and Hire policy’ has become the order of the day in…….economy.
a)
Capitalist
b)
Socialist
c)
Mixed
d)
Traditional
a)
Market
forces
b)
Ministry
c)
Central
planning authority
d)
None of these
3).Social
welfare and equal opportunity is given to all in ………economy.
a)
Traditional
b)
Capitalism
c)
Socialism
d)
Mixed
4).Socialistic
economy is also called as……….economy.
a)
Planned/command
b)
Market/Free
trade
c)
Mixed
d)
None
of these
5)…………economy
is free from business fluctuations.
a)
Socialist
b)
Capitalist
c)
Traditional
d)
Mixed
6).Under……….the
State concentrates on the production of basic necessaries instead of luxury
goods.
a)
Raditional
society
b)
Mixed
economy
c)
Socialistic
economy
d)
Capitalistic
economy
7).Extreme
inequality is prevented in…………economy.
a)
Capitalist
b)
Traditional
c)
Socialist
d)
None
of these
8).Human
development is more in……….
a)
capitalist
b)
traditional
c)
socialist
d)
None
of these
9).Co-existence
of public and private sectors is called………
a)
Socialist
economy
b)
Capitalist
economy
c)
Mixed
economy
d)
None
of these
10).Mixed
economy retains only the merits of ……and ……economy.
a)
Traditional
and capitalism
b)
Socialism
and capitalism
c)
Traditional
and socialism
d)
None
of these
Answers:
1). a) 2).c ) 3).c ) 4). a) 5).
a) 6).c ) 7).
c) 8). c) 9).c
) 10). b)
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