Mock Test

Exam: SSC CHSL Subject: General Awareness Topic: Economics

Total Questions: 20

Q1. What is the primary objective of the 'Make in India' initiative launched by the Government of India?

Boost tourism Promote manufacturing Improve healthcare Enhance agriculture
Q2. Which of the following is an example of a non-renewable resource in agricultural economics?

Fertile soil Water sources Pesticides Petroleum-based fertilizers
Q3. Which economic concept is used to measure the total value of goods and services produced within a country's borders in a specific time period?

Gross Domestic Product (GDP) Consumer Price Index (CPI) Inflation rate Unemployment rate
Q4. Which of the following is not a feature of GST?

One Nation, One Tax Input Tax Credit Multiple Tax Rates Tax Evasion
Q5. Which sector contributes the most to India's GDP?

Agriculture Manufacturing Services Mining
Q6. Which of the following is an example of contractionary fiscal policy?

A. Increasing government spending B. Decreasing taxes C. Decreasing interest rates D. Decreasing government spending
Q7. Which economic system is based on private ownership of the means of production?

Capitalism Socialism Communism Fascism
Q8. What is the main objective of fiscal policy in India?

Control inflation Promote economic growth Regulate foreign exchange rates Reduce unemployment
Q9. What was the effect of the COVID-19 pandemic on stock markets worldwide?

Stable prices Crash and volatility Continuous growth No impact
Q10. Which term refers to the measure of the overall level of prices of goods and services in an economy?

GDP CPI FDI PPP
Q11. Which tax is imposed on the services provided by businesses in India?

Income Tax Service Tax Customs Duty Excise Duty
Q12. Which Five Year Plan in India is also known as the 'Gadgil Yojana'?

First Five Year Plan Second Five Year Plan Third Five Year Plan Fourth Five Year Plan
Q13. What is the main source of revenue for the government?

Public borrowing Public expenditure Taxation Foreign aid
Q14. What is the study of how households and firms make decisions and how they interact in markets?

Macroeconomics Microeconomics International economics Development economics
Q15. Which of the following is not a factor that influences foreign exchange rates?

Interest rates Political stability Economic indicators Weather conditions
Q16. What is the primary cause of long-term unemployment?

Lack of job opportunities High wages Low education levels Government subsidies
Q17. Which Indian Prime Minister launched the 'Garibi Hatao' (Remove Poverty) slogan?

Indira Gandhi Rajiv Gandhi Morarji Desai Lal Bahadur Shastri
Q18. The 'Mahalanobis Model' was the basis for planning during which Five Year Plan?

First Five Year Plan Second Five Year Plan Third Five Year Plan Fourth Five Year Plan
Q19. What is the main objective of the Economic Survey of World?

To promote consumerism To analyze global economic conditions To predict stock market trends To rank countries based on GDP
Q20. Globalization has reduced the flow of information and ideas between countries. True or False?

True False

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