Economics and Commerce –GK Quiz for SSC/RRB Exam Set-31:
List of Important GK questions from Economics and Commerce for SSC exam were given here. Candidates those who are all preparing for SSC, RRB Exam and all other competitive exams can use this material.
1).In India
the co – operative movement was initiated in the sector of
a)
Agriculture
credit
b)
Marketing
of agriculture products
c)
farming
d)
consumer
goods production
2).Taxation
and the government’s expenditure policy are dealt under the
a)
Fiscal
policy
b)
Budget
c)
Trade
policy
d)
Monetary
policy
3).Real
national income denotes
a)
Net
factor income
b)
National
income at current prices
c)
National
income at constant prices
d)
Per
capita income
4).India’s
first private telephone service was launched in 1998 at
a)
Mumbai
b)
New
Delhi
c)
Indore
d)
Kochi
5).Which of
the following is not an indirect tax?
a)
Sales
tax
b)
Entertainment
tax
c)
Customs
duties
d)
Land
revenue
6).The Budget
deficit means
a)
Difference
between all receipts and all the expenditure
b)
Fiscal
deficit less interest payments
c)
The
excess of total expenditure including loans net of lending over revenue
receipts
d)
Difference
between revenue receipts and revenue expenditure
7).Moral
Suasion and Statutory Liquidity Ratio (SLR) are instruments of
a)
Monetary
Policy
b)
Trade
Policy
c)
Fiscal
Policy
d)
Budget
8).The system
of value added taxation is applicable to
a)
Income
tax
b)
Estate
duty
c)
Taxes
on agriculture
d)
Excise
duties income
9).The
National Stock Exchange functions from
a)
Kolkata
b)
Mumbai
c)
New
Delhi
d)
Nagpur
10).The
exports of India
a)
Have
not shown much of a change since 1960 - 61
b)
Comprise
mainly of agro – based products
c)
Are
confined to a few items
d)
Are
spread over several commodity groups
Answers:
1). a) 2). a) 3). b) 4). c) 5).
d) 6). a) 7).
a) 8). d) 9).
b) 10). d)
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