Economics General Studies Questions for ssc upsc competitive examspage 2

16 .Who is responsible for the collection and publication of monetary and financial information?

A. Finance Commission

B. Finance Ministry

C. Reserve Bank of India

D. Auditor and Comptroller General of India

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17 .Which of the following industries was started first in India?

A. Cotton

B. Paper

C. Tea

D. Jute

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18 .Special Drawing Rights (SDR) facility is available at

A. International Monetary Fund (IMF)

B. World Bank (IBRD)

C. International Development Association (IDA)

D. Organisation of Economic Cooperation and Development (OECD)

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19 .The period of high inflation and low economic growth is termed as :

A. stagnation

B. take-off stage in economy

C. stagflation

D. none of these

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20 .India earns maximum foreign exchange from the export of :

A. garments

B. jute

C. gems and jewellery

D. cotton

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21 .There are three major groups of commodities in the Wholesale Price Index. These are : 1. primary articles 2. fuel, power, light and lubricants 3. manufactured products 4. food articles and industrial raw materials

A. 1, 2 and 3

B. 2, 3 and 4

C. 1, 3 and 4

D. 1 and 3

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22 .When was the decimal system of currency introduced in India?

A. 1948

B. 1950

C. 1954

D. 1957

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23 .Development is :

A. synonymous with economic -growth

B. narrower than economic growth

C. wider than economic growth

D. not related to economic growth

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24 .In which of the following industries is the maximum number of women employed in India?

A. Textile

B. Jute

C. Tea

D. Coal

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25 .Who was the chairman of National Income Committee?

A. P. C. Mahalanobis

B. V.K.R.V. Rao

C. D.R. Gadgil

D. A.M. Khusro

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26 .The earlier name of the WTO was :

A. UNIDO

B. UNCTAD

C. OECD

D. GATT

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27 .Inflation implies :

A. rise in budget deficit

B. rise in money supply

C. rise in general price index

D. rise in prices of consumer goods

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28 .Which one of the following forms the largest share of deficit in Govt, of India budget?

A. Primary deficit

B. Fiscal deficit

C. Revenue deficit

D. Budgetary deficit

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29 .'Dumping' in the context of international trade refers to :

A. exporting goods at prices below the actual cost of production

B. exporting goods without paying the appropriate taxes in the receiving country

C. exporting goods of inferior quality

D. exporting goods only to re-import them at cheaper rates

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30 .A Scheduled Bank is one which is included in the :

A. II Schedule of Banking Regulation Act

B. II Schedule of Constitution

C. II Schedule of Reserve Bank of India Act

D. None of the above

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