Top 50 GK Questions for SSC Exam

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Top 50 GK Questions
Q :  Devaluation of currency can correct a Balance of Payments deficit because___

(A) It lowers price of exports in foreign currency and rises price of imports in home currency

(B) It raises price of exports in foreign currency and lowers price of imports in home currency

(C) It raises price of exports and imports in foreign currency

(D) It lowers price of exports and imports in home currency


Correct Answer : A

Q :  What is the upper limit of transaction of amount via NEFT to a person in Nepal via the Indo-Nepal Remittance Facility Scheme?

(A) Rs. 50,000

(B) Rs. 100,000

(C) Rs. 200,000

(D) Rs. 500,000


Correct Answer : A

Q :  The Laffer curve is the graphical representation of :

(A) The relationship between tax rates and absolute revenue these rates generate for the government.

(B) The inverse relationship between the rate of unemployment and the rate of inflation in an economy.

(C) The inequality in income distribution

(D) The relationship between environmental quality and economic development.


Correct Answer : A

Q :  The government has powers under the Essential Commodities Act, 1955 (EC Act) to declare a commodity as an essential commodity to ensure its availabili

(A) 1, 2 and 3

(B) 1, 3 and 4

(C) 3, 4 and 5

(D) 2, 3, 4 and 5


Correct Answer : D

Q :  Which of the following statements regarding the ‘Viability Gap Funding Scheme (VGF)’ is not true?

(A) Under VGF, the central government meets up to 20% of capital cost of a project being implemented in public private partnership (PPP) mode

(B) The scheme is administered by the ministry of finance.

(C) Sectors eligible for VGF are Infrastructure, health and education.

(D) VGF is a force multiplier, enabling government to leverage its resources more effectively.


Correct Answer : C

Q :  The central nodal agency for implementing the price support operations for commercial crops is:

(A) NAFED

(B) NABARD

(C) TRIFED

(D) FCI


Correct Answer : A

Q :  Which of the following agricultural commodity of India gives largest in terms of export value?

(A) Tea

(B) Basmati rice

(C) spices

(D) cotton


Correct Answer : B

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    Rajesh Bhatia

    A Writer, Teacher and GK Expert. I am an M.A. & M.Ed. in English Literature and Political Science. I am highly keen and passionate about reading Indian History. Also, I like to mentor students about how to prepare for a competitive examination. Share your concerns with me by comment box. Also, you can ask anything at linkedin.com/in/rajesh-bhatia-7395a015b/.

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