InterviewSolution
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InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
In which one of the following countries is Rupee its1). Bhutan2). Malaysia3). Maldives4). Seychelles |
| Answer» OPTION 4 : - SEYCHELLES | |
| 2. |
A tax which is paid by the person on whom the tax is incident is called a :1). local tax2). indirect tax3). direct tax4). rate |
| Answer» | |
| 3. |
Match the following: List I List IIA. TRIPS 1. World Trade Organisation B. SLR 2. Public Issues C. SEBI 3. International Monetary Fund D. NEFTA 4.Reserve Bank of India 5. USA and Canada Codes:1). A1 B4 C2 D52). A1 B4 C3 D53). A4 B1 C2 D54). A4 B1 C2 D5 |
| Answer» A1 B4 C2 D5 | |
| 4. |
Which of the following is not true about 'vote-on-account'1). It is a budget presented in the Parliament to cover the deficit left by the last budget2). It does not allow the Government to set for the economic policies of the new plan which starts from April 13). It prevents the Government from imposing fresh taxes or withdrawing old one4). This allows the Government to withdraw an amount for a period with the consent of Parliament |
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Answer» I have read it somewhere It is a budget PRESENTED in the PARLIAMENT to COVER the DEFICIT left by the last budget is CORRECT |
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| 5. |
An advalorem duty is a tax on the basis of :1). the price of a commodity2). the value added3). the advertisement expenditure4). the unit of the commodity |
| Answer» | |
| 6. |
The National Housing Bank is a subsidiary of :1). Reserve Bank of India2). NABARD3). Unit Trust of India4). Life Insurance Corporation of India |
| Answer» OPTION 1 : SEEMS CORRECT | |
| 7. |
Match the following: A. Fiscal Deficit 1. Difference between Total Expenditure and total receipts B. Budget Deficit 2. Difference between Revenue Expenditure and Revenue Receipt C.Revenue 3.Difference between Total Expenditure and Revenue Receipts plus nondebt creating capital receipts D. Primary 4. Difference between Total xpenditure and Revenue Receipts plus nondebt creating capital receipts minus interest payments1). A3 B1 C2 D42). A4 B3 C2 D13). A1 B3 C2 D44). A3 B1 C4 D2 |
| Answer» | |
| 8. |
One-rupee currency notes bear the signature of:1). Prime Minister of India2). President of India3). Finance Minister of India4). Finance Secretary of India |
| Answer» OPTION 4 : - FINANCE SECRETARY of INDIA | |
| 9. |
Who is responsible for the collection and publication of monetary and financial information1). Finance Commission2). Finance Ministry3). Reserve Bank of India4). Auditor and Comptroller General of India |
| Answer» OPTION 3 : FINANCE MINISTRY is CORRECT | |
| 10. |
The first estimate of national income in India was made by:1). Mahalanobis2). V.K.R.V. Rao3). Dadabhai Naoroji4). Prof. Sheroi |
| Answer» | |
| 11. |
The Planning Commission of India :I. was set up in 1950 II. is a constitutional body III. is an advisory bodyIV. is a government department1). I and II2). II and III3). I and III4). III only |
| Answer» | |
| 12. |
Stagflation implies a case of :1). galloping inflation2). recession plus inflation3). adverse balance of trade4). rising wages and employment |
| Answer» | |
| 13. |
Among the following, which one is not a credit rating agency operating in India1). CRISIL2). ICRA3). Dow Jones4). CARE |
| Answer» OPTION 3 : ICRA is CORRECT | |
| 14. |
The strategy of Rolling plan was adopted during the Prime Ministership of :1). Lal Bahadur Shastri2). Indira Gandhi3). Morarji Desai4). Rajiv Gandhi |
| Answer» | |
| 15. |
Dadabhai Naoroji theorised on the drain of wealth from India in his book:1). Poverty under British Rule in India2). Poverty in British Rule in India3). Poverty and Un-British Rule in India4). Poverty of Economic Drain in British India |
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Answer» Right ANSWER for this question is POVERTY in BRITISH RULE in India |
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| 16. |
$M_{1}$ includes :1). currency with public2). demand deposit with bank3). other deposits with RBI4). all of the above |
| Answer» RIGHT ANSWER for this QUESTION is OPTION 4 | |
| 17. |
The Kelkar proposals which were in the news were the:1). Recommendations for reforms in the power sector2). Recommendations for tax reforms3). Guidelines for the privatisation of public secter undertakings4). Guidelines for reducing vehicular pollution, and the promotion of CNG use |
| Answer» OPTION 2 : SEEMS CORRECT | |
| 18. |
Which of the following is an indirect tax1). Corporation Tax2). Excise Duty3). Wealth Tax4). Capital Gains Tax |
| Answer» | |
| 19. |
Which Committee's recommendations are being followed for estimating Poverty Line in India1). Dutt Committee2). Chelliah Committee3). Chakravorty Committee4). Lakdawala Committee |
| Answer» | |
| 20. |
Which of the following is not required while computing Gross National Product (GNP)1). Net foreign investment2). Private investment3). Per capita income of citizens4). Purchase of goods by government |
| Answer» OPTION 3 is the RIGHT ONE | |
| 21. |
The per capita income is obtained by:1). summing up the income of all the citizens of the country2). dividing national income by the population3). estimating the minimum income of individual citizens4). dividing the total national capital with the profit earned |
| Answer» DIVIDING NATIONAL INCOME by the POPULATION | |
| 22. |
The place where bankers meet and settle their mutualclaims and accounts is known as :1). treasury2). clearing House3). collection Centre4). dumping Ground |
| Answer» CLEARING HOUSE : SEEMS CORRECT | |
| 23. |
Word Bull and Bear are associated with which branch of commercial activity1). Foreign Trade2). Banking3). Share Market4). Manufacturing |
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Answer» This question was asked some where in PREVIOUS YEAR papers of SSC, and correct answer was OPTION 3 |
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| 24. |
Special Drawing Rights (SDR) facility is available at1). International Monetary Fund (IMF)2). World Bank (IBRD)3). International Development Association (IDA)4). Organisation of Economic Cooperation and Development (OECD) |
| Answer» | |
| 25. |
What is the correct sequence of the following strategies used for Five Year Plans in India1. Balanced growth2. Rehabilitation of the economy3. Industrial development1). 1, 3, 22). 2, 1, 33). 2, 3, 14). 3, 2, 1 |
| Answer» 2, 1, 3 is the ANSWER | |
| 26. |
Planning in India derives its objectives from:1). Fundamental Rights2). Directive Principles of State policy3). Fundamental Duties4). Preamble |
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Answer» Right Answer for this QUESTION is DIRECTIVE PRINCIPLES of STATE policy |
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| 27. |
Which of the following Mahatma Gandhi series of currency notes issued by the RBI has a drawing of the "Parliament House' depicted on t 1). Rs. 5002). Rs. 1003). Rs. 504). Rs. 10 |
| Answer» | |
| 28. |
'Balanced Growth' means :1). growth which brings about a balance between the rich and the poor2). growth which brings about a balance between the public and private sectors3). growth which brings about a balance between the traditional and modern sector4). growth pattern on which simultaneous investments are made in all the sectors of the economy, viz.,Agriculture, Industry, Transport, Communication, etc. |
| Answer» OPTION option 4 is the CORRECT ANSWER | |
| 29. |
Who is regarded as the founder of the scientific Socialism1). Rousseau2). Karl Marx3). Engels4). Lenin |
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Answer» it from PREVIOUS YEAR SSC papers, Karl Marx is the right ANSWER |
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| 30. |
Convertibility of the rupee implies :1). being able to convert rupee notes into gold2). freely permitting the conversion of rupee to other major currencies and vice versa3). allowing the value of the rupee to be fixed by market forces4). developing an international market for currencies in India |
| Answer» OPTION option 2 is the CORRECT ANSWER | |
| 31. |
Which one of the following forms the largest share of deficit in Govt, of India budget1). Primary deficit2). Fiscal deficit3). Revenue deficit4). Budgetary deficit |
| Answer» FISCAL DEFICIT is the BEST SUITED | |
| 32. |
Economic survey is published by:1). Ministry of Finance2). Planning Commission3). Govt, of India4). Indian Statistical Institute |
| Answer» | |
| 33. |
A rise in 'SENSEX' means :1). a rise in the prices of shares of all companies registered with Bombay Stock Exchange2). a rise in the prices of shares of all companies registered with National Stock Exchange3). an overall rise in the prices of shares of a group of companies registered with Bombay Stock Exchange4). a rise in the prices of shares of all companies belonging to a group of companies registered with Bombay Stock Exchange |
| Answer» OPTION 3 : SEEMS CORRECT | |
| 34. |
VAT is alternate of:1). state tax2). central tax3). both (a) and (b)4). both (a) and (b) |
| Answer» OPTION 2 is the RIGHT ONE | |
| 35. |
The book 'Wealth of Nations' was written by:1). Eric Roll2). J.M. Keynes3). Adam Smith4). Harold Laski |
| Answer» | |
| 36. |
Dear Money Policy implies:1). high price level2). large money supply3). high production4). high interest rates |
| Answer» OPTION 4 is the ANSWER | |
| 37. |
Economic Planning is a subject:1). in the Union List2). in the State List3). in the Concurrent List4). Unspecified in any special list |
| Answer» | |
| 38. |
The inflation experienced in the country at present is :1). galloping inflation2). secondary inflation3). unrealistic inflation4). cost-push inflation |
| Answer» OPTION 4 is the RIGHT ANSWER | |
| 39. |
The national income of India is estimated mainly through :1). production method alone2). expenditure method alone3). production and expenditure methods4). production and income methods |
| Answer» | |
| 40. |
The situation with increasing unemployment and inflation1). hyperinflation2). galloping inflation3). stagflation4). reflation |
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Answer» galloping INFLATION is the CORRECT answer as per the ssc answer KEY |
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| 41. |
Octroi is levied and collected by :1). Centre2). State Government3). local bodies4). all the above |
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Answer» I THINK STATE GOVERNMENT is RIGHT |
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| 42. |
Debenture holders of a company are its :1). Shareholders2). Creditors3). Debtors4). Directors |
| Answer» | |
| 43. |
In which bank of the following, Indian Government still has hundred percent shares in bank's equity1). Allahabad Bank2). Bank of Maharashtra3). Central Bank of India4). All the above |
| Answer» ANSWER for this QUESTION is OPTION 4 | |
| 44. |
The tax whose share in overall taxation revenue has gone up rapidly during the planning period is :1). income tax2). wealth tax3). capital gains tax4). tax on production |
| Answer» | |
| 45. |
Who is the originator of Green Revolution in India1). Norman E. Borlaug2). M.S. Swaminathan3). Garry Backer4). None of these |
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Answer» it from previous YEAR ssc PAPERS, OPTION 1 is the right answer |
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| 46. |
Monetary policy is regulated by:1). money lenders2). central Bank3). private entrepreneurs4). Government policy |
| Answer» | |
| 47. |
India has:1). Socialistic economy2). Gandhian economy3). Mixed economy4). Free economy |
| Answer» RIGHT ANSWER for this QUESTION is GANDHIAN ECONOMY | |
| 48. |
Which of the following is not a method of estimating national income1). Income method2). Value-added method3). Expenditure method4). Export-import method |
| Answer» OPTION 4 is the RIGHT ANSWER | |
| 49. |
Put in chronological order the following special features/objectives of different Five Year Plans as they were first formulated : 1. Mahalanobis strategy2. Modernisation3. Removal of Poverty4. Emphasis on employment generation1). 1, 2, 3, 42). 2, 1, 3, 43). 1, 3, 2, 44). 3, 4, 1, 2 |
| Answer» 2, 1, 3, 4 : - is correct HENCE option 3 | |
| 50. |
What are gilt-edged securities1). Securities issued by the multinationals2). Securities issued by the government3). Securities issued by the private sectors4). Securities issued by the joint venture companies |
| Answer» | |