Indian Economy has its own special place in General Knowledge in SSC CGL Exam. The economy of India is a middle income developing market economy. It is the fifth largest economy in the world by nominal GDP and the third largest by purchasing power parity (PPP). So there is more possibility of questions coming in this Indian economy. For you we are giving very important question which is very important from the point of view of your examination.
In this article Indian Economy for SSC CGL, we are providing the latest and most important Indian Economy Questions and Answers related to Tax, Budget, Financial Condition, Bank etc for those learners who are preparing for upcoming competitive exams.
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Q : The Redistribution polices geared to reduce economic inequalities include
(A) progressive tax policies
(B) land reforms
(C) rural development policies
(D) All the above
Redistribution policies geared to reduce economic inequalities include progressive tax policies, land reforms, and rural development policies.
Which of the following is be an example of employment with job security?
(A) Daily wage labourer
(B) Casual worker
(C) Regular worker
(D) Seasonal worker
Jobs that traditionally have a strong union presence such as many government jobs and jobs in education, healthcare and law enforcement are considered very secure while many non-unionized private sector jobs are generally believed to offer lower job security, although this varies by industry and country.
In August 2020, the Cabinet Committee on Economic Affairs declared the Fair and Remunerative Price of ______ per quintal for sugarcane for the marketing year starting October 2020.
(A) ₹265
(B) ₹275
(C) ₹285
(D) ₹315
Keeping in view the interest of sugarcane farmers (GannaKisan), the Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi has approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2023-24 (October - September) at Rs. 315/qtl for a basic recovery rate of 10.25%.
What does the consumption function express the relationship of consumption with?
(A) Saving
(B) Income
(C) Investment
(D) Price
The consumption function is an economic formula that measures the relationship between income and total consumption of goods and services in the economy. The consumption function was introduced by John Maynard Keynes.
By whom effective control is exercised over the stock market?
(A) B.F.E.R.A
(B) B.I.F.R.
(C) S.E.B.I.
(D) M.R.T.P
The stock market in India is regulated by the Securities and Exchange Board of India (SEBI). It was established under the SEBI Act, 1992.
RBI Authorized which bank to collect indirect taxes on behalf of the Central Board of Indirect Taxes and Customs (CBIC)?
(A) CSB Bank
(B) RBL Bank
(C) Karnataka Bank
(D) City Union Bank
Detailed Solution. The correct answer is RBL Bank. RBI has authorized RBL Bank to collect indirect taxes on behalf of the Central Board of Indirect Taxes and Customs (CBIC).
Which has become the most expensive city according to the Worldwide Cost of Living Index 2021?
(A) Tel Aviv
(B) Paris
(C) Syria
(D) Singapore
Singapore maintains its spot as the world's most expensive city, tying with Zurich, Switzerland. This is the ninth time in 11 years that Singapore has topped the list.
Which bank has tied up with IndiGo to launch a co-branded credit card 'Ka-Ching'?
(A) Karur Vysya Bank
(B) South Indian Bank
(C) Karnataka Bank
(D) Kotak Mahindra Bank
The Kotak IndiGo 'Ka-ching' credit card comes in two variants -- 6E Rewards and 6E Rewards XL. The credit card was launched by IndiGo chief commercial officer William Boulter and Kotak Mahindra Bank president for consumer assets Ambuj Chandna at the Delhi airport.
Which country tops the Global Health Protection Index 2021?
(A) Finland
(B) Thailand
(C) Canada
(D) USA
What was the nationality of Mahbub-ul-Haq (another Amartya Sen), the forerunner of the Human Development Index and the founder of the Human Development Index?
(A) Pakistan
(B) Iraq
(C) UK
(D) USA
The human development concept was developed by economist Mahbub ul Haq. At the World Bank in the 1970s, and later as minister of finance in his own country, Pakistan, Dr. Haq argued that existing measures of human progress failed to account for the true purpose of development—to improve people's lives.
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