Indian Economy for SSC CGL
Which of the following is the central bank of the Government of India?
(A) Cooperative Bank
(B) Reserve Bank of India
(C) Central Bank of India
(D) State Bank of India
Correct Answer : B
Explanation :
There is no change in demand for a commodity when its price changes more. What demand will this be called?
(A) elastic
(B) inelastic
(C) perfectly inelastic
(D) highly elastic
Correct Answer : B
Explanation :
When the demand of a quantity does not change as a result of a change in the price of a commodity, the demand of that commodity is called a perfectly inelastic demand. In this case, the elasticity of demand is zero.
With what is the term 'Bull and Bear' related?
(A) Foreign Exchange Reserve
(B) Stock market
(C) Internal trade
(D) Banking
Correct Answer : B
Explanation :
The terms “bull and bear” is related to the Stock market. They are a speculator who buys for the settlement with a view of selling at some future date at a higher price and gaining the difference.
When was the AGMARK Act implemented in India?
(A) 1937
(B) 1952
(C) 1947
(D) 1965
Correct Answer : A
Explanation :
The AGMARK is legally enforced in India by the Agricultural Produce (Grading and Marking) Act of 1937 (and ammended in 1986).
The ________ and _______ determine the corridor for the daily movement in the weighted average call money rate.
(A) Reverse repo, discount rate
(B) Marginal standing facility, Reverse repo rate
(C) Liquidity adjustment facility, repo rate
(D) Bank rate, repo rate
Correct Answer : B
Explanation :
Corridor: The MSF rate and reverse repo rate determine the corridor for the daily movement in the weighted average call money rate.
The oldest stock exchange in India is the?
(A) Delhi Stock Exchange
(B) National Stock Exchange
(C) OTCEI
(D) Bombay Stock Exchange
Correct Answer : D
Explanation :
The correct answer is BSE. The BSE (Bombay stock exchange) is not only India's oldest stock exchange but it is the oldest stock exchange in Asia.
When a number of industries are located close to each other and share the benefits of their closeness, it is referred to as
(A) market economy
(B) assembly line production
(C) industrial system
(D) industrial region
Correct Answer : D
Explanation :
Industrial regions emerge when several industries locate close to each other and share the benefits of their closeness. Major industrial regions of the world are eastern North America, western and central Europe, eastern Europe and eastern Asia.
Geeta Gopinath has taken over as Chief Economist of IMF, tell who is the Chief Economist of IMF so far?
(A) 11th
(B) 10th
(C) 15th
(D) 18th
Correct Answer : A
Explanation :
The Census of India 2011, showed an increase in population by about ______% as compared to 2001.
(A) 17.5
(B) 23.5
(C) 11.5
(D) 5.5
Correct Answer : A
Explanation :
The Census of India 2011, showed an increase in population by about 17.5% as compared to 2001.
In June 2020, the International Monetary Fund (IMF) projected a contraction of ______% for the Indian economy.
(A) 6.25
(B) 4.50
(C) 8.50
(D) 2.25
Correct Answer : D
Explanation :
Global growth is forecast at 3.2 per cent in 2019, picking up to 3.5 percent in 2020 (0.1 percentage point lower than in the April WEO projections for both years).
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