Economics and Commerce –GK Quiz for SSC/RRB Exam Set-30:
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).The
maximum investment limit for small scale industries has been reduced to
a)
Rs.
60 lakh
b)
Rs.
10 lakh
c)
Rs.
1 crore
d)
Rs.
3 crore
2).Which of
the following committees was assigned to recommend reforms in the Insurance
Sector?
a)
Chelliah
Committee
b)
Rakhi
Committee
c)
Nadkarni
Committee
d)
Malhotra
Committee
3).The
National Income Estimates of India are prepared by
a)
Central
Statistical Organization
b)
Indian
Statistical Institute
c)
Ministry
of Finance
d)
National
Sample Survey
4).The
Industrial Investment Bank of India was earlier known as the
a)
IDBI
b)
IRDA
c)
IRBI
d)
BIFR
5).Which of
the following states has the highest growth rate of population (1981 – 91)?
a)
Bihar
b)
Orissa
c)
Rajasthan
d)
Nagaland
6).Which of
the following is not a non – plan expenditure?
a)
Subsidies
b)
Central
Assistance for States and UT plans
c)
Defence
Expenditure
d)
Interest
Payment
7).The
National Development Council is mainly concerned with
a)
Approval
of five – year plans
b)
Implementing
community development programmes
c)
Approving
and assessing major development project in India
d)
Implementing
state plans
8).A special
economic zone is set up at
a)
Kochi
b)
Kandla
c)
Positra
d)
None
of these
9).The term
fiscal deficit means
a)
Revenue
receipts minus expenditure
b)
Total
receipts minus expenditure
c)
Revenue
receipts minus defence expenditure
d)
Total
receipts minus interest payments on external debt.
10).Value –
added tax is
a)
Tax
on final consumption collected at the consumption stage
b)
An
ad-valorem tax on final consumption collected at the manufacturing level
c)
A
special tax levied by stated on products from other states
d)
An
ad-valorem tax on domestic final consumption collected at all stages between
production and the point of final sale.
Answers:
1). c) 2). d) 3). a) 4). c) 5).
d) 6). b) 7).
a) 8). c) 9).
b) 10). d)
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