Mock Test

Exam: SSC CHSL Subject: General Awareness Topic: Economics

Total Questions: 20

Q1. In a communist economy, who controls the distribution of goods and services?

Government Private individuals Corporations Foreign investors
Q2. Which of the following is not a common feature of the Economic Survey of World?

Interactive maps Charts and graphs Infographics Expert interviews
Q3. Which organization is responsible for the formulation of monetary policy in India?

RBI SEBI IRDAI PFRDA
Q4. What is the primary focus of economic analysis in current affairs?

Political events Social issues Economic indicators Technological advancements
Q5. Which of the following will NOT cause a shift in the supply curve?

Change in technology Change in input prices Change in government regulations Change in price of the product
Q6. What is the impact of inflation on fixed-income earners?

Increases their real income Decreases their real income No impact on real income Increases their purchasing power
Q7. Which of the following is not a type of GST?

CGST SGST IGST VAT
Q8. Which of the following is a capital receipt for the government?

Tax revenue Interest payments Borrowings Dividends
Q9. Which of the following is a result of scarcity in an economy?

Abundance Wastage Resource allocation Inefficiency
Q10. What is the full form of GST, a major indirect tax reform in India?

Goods and Services Tax General Sales Tax Global Service Tax Government Service Tax
Q11. Which scheme provides free LPG connections to women from BPL households?

PMUY PMVVY PMSBY PMJJBY
Q12. Which committee recommended the establishment of NITI Aayog to replace the Planning Commission?

A. Rangarajan Committee B. Montek Singh Ahluwalia Committee C. Arvind Panagariya Committee D. Yashwant Sinha Committee
Q13. Which institution is responsible for regulating the insurance sector in India?

RBI SEBI IRDA TRAI
Q14. The Economic Survey of States is released annually to provide an update on the ________ of states.

Social Welfare Schemes Infrastructure Projects Economic Progress Environmental Conservation
Q15. Which sector is the largest employer in India?

A. Agriculture B. Manufacturing C. Services D. Construction
Q16. Which theory suggests that economic growth is limited by the availability of resources?

Malthusian theory Endogenous growth theory Structuralist theory Classical theory
Q17. In which year is the Economic Survey of World usually released?

Beginning of the year Mid-year End of the year Quarterly
Q18. What is the main objective of the Make in India initiative?

Increase FDI in India Boost manufacturing sector Promote tourism Reduce poverty
Q19. In a command economy, who makes decisions about what goods and services will be produced?

Government Consumers Producers Markets
Q20. Which institution is responsible for regulating the banking sector in India?

RBI SEBI IRDA TRAI

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