Mock Test

Exam: SSC JE Subject: General Awareness Topic: Economics

Total Questions: 20

Q1. How do economic development agencies contribute to economic growth?

By hindering innovation By promoting sustainable development By discouraging entrepreneurship By increasing trade barriers
Q2. Which institution is known as the 'Bankers' Bank' in India?

RBI SEBI IRDA NABARD
Q3. Which of the following is a goal of monetary policy?

Maximizing government revenue Minimizing unemployment Stabilizing prices Increasing imports
Q4. Which indicator measures the total value of a country's exports minus the total value of its imports?

Trade balance Current account balance Budget deficit GDP growth rate
Q5. What is the main objective of public expenditure?

To increase government debt To reduce public services To promote social welfare To limit economic growth
Q6. Under which act is the provision for the establishment of Employees' State Insurance Corporation (ESIC) made?

Employees' State Insurance Act, 1948 Employees' Provident Funds and Miscellaneous Provisions Act, 1952 Industrial Disputes Act, 1947 Payment of Gratuity Act, 1972
Q7. The Minimum Wages Act, 1948, provides for fixing minimum rates of wages for which category of workers?

Skilled workers Unskilled workers Both skilled and unskilled workers Supervisory staff
Q8. Which trade theory emphasizes the importance of government intervention to protect domestic industries?

Protectionism theory Comparative advantage theory Mercantilism theory Absolute advantage theory
Q9. Which scheme provides financial assistance for the construction of toilets in rural households?

Pradhan Mantri Awas Yojana Swachh Bharat Abhiyan Ujjwala Yojana Skill India Mission
Q10. Who proposed the concept of 'vicious circle of poverty'?

W. W. Rostow Arthur Lewis Paul Rosenstein-Rodan Gunnar Myrdal
Q11. What does the term 'industry' generally refer to?

Manufacturing and production activities Singing and dancing Painting and drawing Writing and reading
Q12. Which of the following is not a type of market structure?

Monopoly Oligopoly Monopsony Democracy
Q13. Which of the following can contribute to economic development?

Lack of access to credit Political instability Investment in human capital Dependence on foreign aid
Q14. Which of the following is a measure of National Income that includes the value of goods and services produced by a country's residents, regardless of location?

GDP GNI GNP NNP
Q15. Which of the following is not a basic economic concept?

Demand Supply Gravity Scarcity
Q16. Which of the following is not a measure of unemployment?

CPI Unemployment Rate Labor Force Participation Rate Underemployment Rate
Q17. Which industry is known for the extraction of oil and gas?

Oil industry Education industry Technology industry Cosmetics industry
Q18. What does NABARD stand for?

National Bank for Agriculture and Rural Development National Authority for Banking and Rural Development National Association for Banking and Rural Development National Agency for Banking and Rural Development
Q19. Who is the current Chief Economic Advisor of India?

Raghuram Rajan Arvind Subramanian Urjit Patel Nirmala Sitharaman
Q20. Which market structure has a large number of buyers and sellers?

Perfect competition Monopoly Oligopoly Monopolistic competition

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