Mock Test

Exam: SSC MTS Subject: General Awareness Topic: Economics

Total Questions: 20

Q1. Which of the following is a consequence of inflation?

Decrease in purchasing power Decrease in prices Decrease in demand Decrease in borrowing
Q2. Which year was RBI established?

1947 1950 1935 1969
Q3. Which is the primary authority for levying and collecting taxes in India?

State Government Local Government Central Government Foreign Government
Q4. Which of the following is a benefit of GST for businesses?

Increased tax evasion Reduced tax compliance Complex tax structure Higher tax rates
Q5. Which sector saw the introduction of FDI as part of economic reforms in India?

Agriculture Manufacturing Services Healthcare
Q6. What is a key driver of economic development?

Income equality Foreign aid Entrepreneurship Isolationism
Q7. What is the primary source of revenue for the government in India?

Income Tax GST Corporate Tax Customs Duty
Q8. What is the impact of a budget deficit on the economy?

Stimulates economic growth Reduces government debt Increases interest rates Decreases public spending
Q9. What is the primary objective of public finance in India?

Maximizing government spending Minimizing government debt Allocation of resources Promoting inflation
Q10. What is the tax levied on the import and export of goods in India called?

Income Tax Service Tax Excise Duty Customs Duty
Q11. Which case study in Indian economy is known for its focus on environmental conservation?

Operation Flood Green India Mission White Revolution Blue Revolution
Q12. Which is the largest public sector bank in India?

State Bank of India Punjab National Bank Bank of Baroda Canara Bank
Q13. What is the role of education in reducing poverty and unemployment in India?

Increases poverty and unemployment Has no impact Reduces poverty and unemployment Leads to inflation
Q14. Under which scheme are farmers provided with soil health cards to assess the nutrient status of their soil?

PM-KISAN Pradhan Mantri Fasal Bima Yojana Soil Health Card Scheme National Food Security Mission
Q15. What is the study of how individuals, businesses, and governments make choices about allocating resources?

Sociology Economics Psychology History
Q16. What is the main objective of fiscal policy in India?

Price stability Economic growth Foreign exchange stability All of the above
Q17. Which international organization provides special drawing rights (SDRs) to member countries?

World Bank IMF WTO UNESCO
Q18. Which e-commerce company is headquartered in Bengaluru, India?

Amazon Alibaba Flipkart eBay
Q19. Which bank is known as the 'Big Daddy' of Indian banking?

SBI ICICI HDFC Axis Bank
Q20. Which sector contributes the most to India's exports?

Agriculture Manufacturing Services Mining

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