Mock Test

Exam: SSC CHSL Subject: General Awareness Topic: Economics

Total Questions: 20

Q1. Which of the following is a public sector bank in India?

HDFC Bank ICICI Bank State Bank of India Axis Bank
Q2. What does the term 'core inflation' refer to?

Inflation excluding food and energy prices Inflation in the core sectors of the economy Inflation caused by core government policies Inflation in the core consumer goods sector
Q3. 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
Q4. The Economic Survey of States helps in identifying ________ areas that require attention.

Developed Underdeveloped Urban Rural
Q5. What is the process of borrowing money from a bank called?

Lending Depositing Withdrawing Taking a loan
Q6. Which of the following is a measure of economic growth?

CPI GDP Unemployment Rate Exchange Rate
Q7. What is the process of increasing the capacity of an economy to produce goods and services called?

A. Economic planning B. Economic development C. Economic growth D. Economic recession
Q8. Which of the following is a characteristic of a person living in poverty?

Access to quality education Adequate healthcare facilities Limited access to nutritious food High disposable income
Q9. Which country is associated with the 'Bretton Woods Agreement'?

United States France United Kingdom Italy
Q10. Which of the following is not a factor of production in labour economics?

Land Labour Capital Technology
Q11. Which economic model suggests that individuals maximize utility subject to a budget constraint?

Keynesian model Marginal utility model Classical model Monetary model
Q12. Which of the following is NOT a type of subsidy?

Export subsidy Production subsidy Import subsidy Income tax subsidy
Q13. Which term refers to a situation where the price of goods and services rises, leading to a decrease in the purchasing power of a currency?

Deflation Stagflation Inflation Recession
Q14. What does RBI use to control the money supply in the economy?

Fiscal measures Monetary measures Trade agreements Industrial policies
Q15. What is the impact of poverty on society?

Increased crime rates Improved social cohesion Enhanced economic development Higher employment rates
Q16. Which economic system is also known as a market economy?

Capitalism Socialism Communism Fascism
Q17. Which market structure has the least market power?

Monopoly Oligopoly Perfect Competition Monopolistic Competition
Q18. What does the term 'externality' refer to in environmental economics?

Internal costs of production External costs or benefits of economic activities Government regulations Market equilibrium
Q19. What is the term for a government-imposed restriction on trade for political reasons?

Tariff Subsidy Quota Embargo
Q20. What is the main objective of implementing GST in India?

To increase tax rates To simplify the tax structure To promote tax evasion To complicate tax compliance

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