Mock Test

Exam: SSC CGL Subject: General Awareness Topic: Economics

Total Questions: 20

Q1. The impact of globalization on Indian agriculture has been:

Primarily positive with no drawbacks Mixed, with both benefits and challenges Negligible Solely negative
Q2. Which of the following analytical tools is best suited for assessing the impact of a project on income distribution within a region?

Input-Output analysis Computable General Equilibrium (CGE) modeling Simple multiplier analysis Cost-Benefit Analysis (CBA)
Q3. The 'Swachh Bharat Abhiyan' has a significant urban component focusing on:

Rural sanitation only Solid waste management and cleanliness Inter-state highway development Forest conservation
Q4. Which cost curve does the marginal cost curve always intersect at its minimum point?

Average Fixed Cost (AFC) Average Total Cost (ATC) and Average Variable Cost (AVC) Total Cost (TC) Total Variable Cost (TVC)
Q5. When the value of a country's currency rises in relation to other currencies, it is called:

Depreciation Devaluation Appreciation Deflation
Q6. The Solow-Swan model suggests that in the long run, countries will reach a steady state where per capita income growth is determined by:

The savings rate The rate of technological progress The rate of population growth The level of capital accumulation
Q7. What is the primary objective of a profit-maximizing firm?

To maximize revenue. To minimize costs. To maximize the difference between total revenue and total cost. To achieve market share.
Q8. The 'Ayushman Bharat' scheme is primarily focused on:

Education Healthcare Housing Employment
Q9. What is the 'premium' in an insurance policy?

The amount paid by the insurer to the policyholder The amount paid by the policyholder to the insurer for coverage The profit earned by the insurance company The administrative cost of the policy
Q10. The 'Tragedy of the Commons' is a concept that highlights the problem of:

Efficient resource allocation Managing shared resources without regulation Technological innovation Market competition
Q11. When the government spends more than it earns, it leads to:

Fiscal surplus Fiscal deficit Trade surplus Balance of payments surplus
Q12. Which of the following can be a consequence of income inequality in a society?

Enhanced social cohesion Reduced poverty rates Increased crime rates Equal distribution of wealth
Q13. Which of the following is a function of a commercial bank?

Issuing Insurance Policies Providing Loans and Advances Regulating Stock Markets Conducting Monetary Policy
Q14. Economic forecasts are most useful for:

Predicting the exact outcome of every economic event Guiding decision-making by individuals and businesses Replacing human judgment entirely Proving that the economy is unpredictable
Q15. Which economic indicator measures the growth rate of industries like mining, manufacturing, and electricity?

CPI GDP WPI IIP
Q16. What is the main objective of setting up Special Economic Zones (SEZs)?

Promoting agriculture Boosting exports and investment Reducing poverty Controlling pollution
Q17. Which year was the first Economic Census conducted in India?

1977 1980 1990 2000
Q18. What is the effect of a decrease in the repo rate by the central bank?

Increase in borrowing costs Lower interest rates Reduced money supply Higher inflation
Q19. Which country is the largest exporter in the world?

China USA Germany Japan
Q20. What does 'foreign exchange' refer to?

Only foreign currency notes Foreign currency, foreign currency notes, drafts, travellers cheques, letters of credit and bills of exchange drawn or payable outside India Only foreign bank accounts Only gold reserves held abroad

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