Mock Test

Exam: SSC CHSL Subject: General Awareness Topic: Economics

Total Questions: 20

Q1. Which of the following is a major factor contributing to poverty?

High income Access to education Unemployment Healthcare facilities
Q2. Which of the following represents the total market value of all final goods and services produced within a country in a specific period of time?

GDP GNI GNP NNP
Q3. What is the significance of a surplus in the balance of payments?

Indicates economic instability Leads to currency devaluation Shows strong economic performance Causes high inflation
Q4. Which of the following is a common recommendation based on the findings of the Economic Survey of States?

Increase Taxes Reduce Government Spending Improve Infrastructure Limit Foreign Trade
Q5. Which tax is levied by the state government on the sale of goods within the state?

Income Tax Excise Duty Service Tax VAT
Q6. Which tax was replaced by GST in India?

Income Tax Excise Duty Property Tax Entertainment Tax
Q7. What is the purpose of the Cash Reserve Ratio (CRR) set by the RBI?

To control inflation To regulate credit flow To promote exports To control fiscal deficit
Q8. Which country is the world's largest exporter?

China USA Germany Japan
Q9. What is the main source of government revenue in most countries?

A. Corporate donations B. Personal savings C. Taxes D. Foreign aid
Q10. Which sector is NOT typically covered in the Economic Survey of States?

Healthcare Telecommunications Transportation Energy
Q11. Which of the following is an example of a renewable resource?

Coal Oil Solar energy Natural gas
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 country faced the most severe economic impact due to the COVID-19 pandemic?

China United States India Brazil
Q14. Which policy aims to provide employment opportunities for rural youth in India?

Skill India Mission Swachh Bharat Abhiyan Make in India Digital India
Q15. Which of the following is not a factor of production in labour economics?

Land Labour Capital Technology
Q16. Which scheme provides financial assistance for the promotion of entrepreneurship among SC/ST and women?

PMGDISHA PMKSY PMEGP MSP
Q17. Which of the following is not a component of sustainable development?

Environmental protection Economic growth Social equity Technological stagnation
Q18. What is the full form of SEBI?

Securities and Exchange Bureau of India Securities and Exchange Board of India Stocks and Equity Board of India Securities and Equity Bureau of India
Q19. What is the main objective of conducting the Economic Census?

To count the population To assess the economic activities in the country To conduct a housing survey To evaluate educational institutions
Q20. Which economic indicator is often used as a broad indicator of the economic health of a country?

GDP CPI GNI PPI

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