30 Days for SSC CGL 2016 - GK Quiz - 6 - Economics



Hello and welcome to ExamPundit. Here is the sixth set of  GK Quiz for SSC CGL 2016 on Economics. This falls under the 30 Days for SSC CGL 2016 Series.


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1. According to the economic survey of india theral gdprwth is expected to be in the range:
a) 7-7. 5%
b) 7-7. 85%
c) 7-8%
d) 6-7. 5%


2. __ are goods which can be used again and again
a) Single use goods
b) Durable goods
c) Consumer goods
d) Production goods


3. Which of the following is not a vital process of an economy?
a) Consumption
b) Preservation
c) Production
d) Investment


4. Which of the following is true?
a) Gross investment =net investment + depreciation
b) net investment- depreciation = Gross investment
c) deprecation+ Gross investment= net investment
d) none



5. Investment is excess of production over
a) unsold stock
b) consumption
c) depreciation
d) savings


6. Developed countries have:
a) very low birth rate and death rate
b) very high birth rate and death rate
c) high birth rate and low death rate
d) low birth rate and high death rate


7. Which one of the following is not an indirect tax?
a) Capital Gain tax
b) CUSTOM DUTY
c) SERVICE TAX
d) TOLL TAX


8. When prices of only few commodities in few regions rise it is called
a) Comprehensive Inflation
b) Suppressed Inflation
c) Sporadic Inflation
d) Scarcity Inflation


9. GNP measured in terms of current market prices is called
a) real GNP
b) gross gnp
c) current gnp
d) nominal GNP



10. Which is not a feature of oligopoly:
a) Price rigidity
b) Few dominant firms who are large in size
c) Mutual interdependence
d) Free entry and exit of firm






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