Mock Test

Exam: SSC JE Subject: General Awareness Topic: Economics

Total Questions: 20

Q1. Which economic development model emphasizes the importance of savings, investment, and limited government interference in the economy?

Neoclassical model Keynesian model Marxist model Austrian model
Q2. What can be a barrier to economic development in rural areas?

Access to markets Technological advancements Government subsidies Availability of skilled labor
Q3. Which strategy aims at reducing the government's control over the economy?

Industrialization Privatization Export promotion Agricultural modernization
Q4. Which country is known for the 'Miracle on the Han River' economic development model?

China Japan South Korea Vietnam
Q5. What is the primary focus of a contractionary monetary policy?

Boost economic growth Stabilize prices Increase government debt Reduce unemployment
Q6. Which economic indicator measures the percentage of individuals who have stopped looking for employment due to a lack of suitable job opportunities?

Labor force participation rate Employment-population ratio Underemployment rate Discouraged worker rate
Q7. Which of the following is a component of National Income?

Government expenditure Imports Savings Exports
Q8. Which economic indicator measures the percentage of the labor force that is unemployed and actively seeking employment?

Unemployment rate Inflation rate GDP growth rate Interest rate
Q9. Which organization is responsible for measuring global economic development?

IMF WHO UNDP WTO
Q10. Which of the following is not a purpose of economic development?

Reduction of income inequality Creation of employment opportunities Increase in trade barriers Improvement in living standards
Q11. Which program aims to provide healthcare facilities in rural areas in India?

NRHM PMGSY MGNREGA PMAY
Q12. Which country is known for the 'Celtic Tiger' economic growth period?

Ireland Scotland Wales England
Q13. Which financial institution is known for pooling money from many investors to invest in securities?

Commercial bank Credit union Mutual fund Pension fund
Q14. What is the main function of the central bank in a country?

Regulating fiscal policy Controlling inflation Implementing trade agreements Promoting industrial growth
Q15. Which currency is used for international trade transactions?

US Dollar Euro Yen Pound Sterling
Q16. Which of the following is not a component of sustainable development?

Environmental protection Economic growth Social equity Technological stagnation
Q17. Which of the following is a consequence of unemployment?

Increased job opportunities Financial stability Loss of income Early retirement
Q18. Which policy tool is used to address inflationary pressures in the economy?

Fiscal policy Monetary policy Trade policy Price control policy
Q19. Which of the following can help alleviate poverty?

Reducing access to education Increasing income inequality Providing social safety nets Encouraging entrepreneurship
Q20. Which of the following is a characteristic of a developed economy?

High unemployment rate Low literacy rate Diverse industrial base Weak infrastructure

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