Economics and Commerce –GK Quiz for SSC CHSL/FCI Exam Set-26

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



2).All decisions regarding production and distribution are in the hands of …….under socialism.
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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