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SSC CHSL Economy Questions with Answers & Explanations

20 Economy questions from the General Awareness section of SSC CHSL, each with the correct answer and a worked explanation. Try each question first, then tap Show answer to check. When you're ready, take the timed chapter-wise test to see your all-India rank.

Question 1

The National Stock Exchange index is called

  1. ASENSEX
  2. BFTSE
  3. CNIKKEI
  4. DNIFTY 50
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Answer: (D) NIFTY 50
Question 2

The New Economic Policy (liberalisation) in India was introduced in

  1. A1980
  2. B1991
  3. C2000
  4. D1985
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Answer: (B) 1991
Question 3

The Union Budget is presented under which Article?

  1. AArticle 110
  2. BArticle 112
  3. CArticle 280
  4. DArticle 266
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Answer: (B) Article 112
Question 4

MGNREGA guarantees how many days of wage employment in a year?

  1. A150 days
  2. B100 days
  3. C200 days
  4. D50 days
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Answer: (B) 100 days
Question 5

Who signs the one-rupee note in India?

  1. APresident
  2. BFinance Secretary
  3. CRBI Governor
  4. DFinance Minister
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Answer: (B) Finance Secretary
Question 6

Microfinance mainly provides

  1. ASmall loans to low-income people
  2. BLarge loans to industries
  3. CForeign exchange to exporters
  4. DInsurance to companies
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Answer: (A) Small loans to low-income people
Question 7

GST in India was implemented from

  1. A1 July 2017
  2. B1 January 2018
  3. C1 April 2016
  4. D1 April 2017
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Answer: (A) 1 July 2017
Question 8

Inflation means a

  1. AGeneral rise in the price level
  2. BRise in exports
  3. CRise in unemployment
  4. DFall in prices
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Answer: (A) General rise in the price level
Question 9

The Indian financial year runs from

  1. AJuly to June
  2. BApril to March
  3. CJanuary to December
  4. DOctober to September
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Answer: (B) April to March
Question 10

The New Economic Policy (liberalisation) in India was introduced in

  1. A2000
  2. B1985
  3. C1991
  4. D1980
Show answer
Answer: (C) 1991

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Question 11

NITI Aayog replaced the

  1. ANational Development Council
  2. BFinance Commission
  3. CPlanning Commission
  4. DElection Commission
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Answer: (C) Planning Commission
Question 12

The RBI was nationalised in

  1. A1969
  2. B1949
  3. C1955
  4. D1935
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Answer: (B) 1949
Question 13

The Bombay Stock Exchange index is called

  1. ASENSEX
  2. BNIFTY
  3. CDOW
  4. DNASDAQ
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Answer: (A) SENSEX
Question 14

Fourteen major commercial banks were nationalised in

  1. A1991
  2. B1969
  3. C1949
  4. D1980
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Answer: (B) 1969
Question 15

The Reserve Bank of India was established in

  1. A1947
  2. B1949
  3. C1969
  4. D1935
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Answer: (D) 1935
Question 16

GDP measures the total value of

  1. AFinal goods and services produced within a country
  2. BIncome of citizens abroad
  3. CExports minus imports
  4. DGovernment expenditure only
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Answer: (A) Final goods and services produced within a country
Question 17

The National Stock Exchange index is called

  1. AFTSE
  2. BNIFTY 50
  3. CSENSEX
  4. DNIKKEI
Show answer
Answer: (B) NIFTY 50
Question 18

The Union Budget is presented under which Article?

  1. AArticle 110
  2. BArticle 266
  3. CArticle 280
  4. DArticle 112
Show answer
Answer: (D) Article 112
Question 19

MGNREGA guarantees how many days of wage employment in a year?

  1. A50 days
  2. B200 days
  3. C100 days
  4. D150 days
Show answer
Answer: (C) 100 days
Question 20

GDP measures the total value of

  1. AExports minus imports
  2. BIncome of citizens abroad
  3. CGovernment expenditure only
  4. DFinal goods and services produced within a country
Show answer
Answer: (D) Final goods and services produced within a country

These are RankerClub practice questions written in the SSC CHSL pattern. They are not official SSC/IBPS/RRB papers.

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