The Reserve Bank of India was established in
- A1949
- B1935
- C1969
- D1947
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Answer: (B) 1935
SSC CPO SI/ASI Economy Questions with Answers & Explanations
20 Economy questions from the General Knowledge & General Awareness section of SSC CPO SI/ASI, 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.
GDP measures the total value of
- AIncome of citizens abroad
- BExports minus imports
- CFinal goods and services produced within a country
- DGovernment expenditure only
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Answer: (C) Final goods and services produced within a country
The Union Budget is presented under which Article?
- AArticle 112
- BArticle 266
- CArticle 110
- DArticle 280
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Answer: (A) Article 112
Inflation means a
- ARise in exports
- BGeneral rise in the price level
- CFall in prices
- DRise in unemployment
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Answer: (B) General rise in the price level
GST in India was implemented from
- A1 July 2017
- B1 April 2017
- C1 January 2018
- D1 April 2016
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Answer: (A) 1 July 2017
The headquarters of the Reserve Bank of India is in
- ANew Delhi
- BMumbai
- CChennai
- DKolkata
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Answer: (B) Mumbai
NITI Aayog replaced the
- ANational Development Council
- BElection Commission
- CPlanning Commission
- DFinance Commission
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Answer: (C) Planning Commission
Fourteen major commercial banks were nationalised in
- A1969
- B1980
- C1991
- D1949
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Answer: (A) 1969
Who signs the one-rupee note in India?
- ARBI Governor
- BPresident
- CFinance Secretary
- DFinance Minister
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Answer: (C) Finance Secretary
The Union Budget is presented under which Article?
- AArticle 110
- BArticle 266
- CArticle 112
- DArticle 280
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Answer: (C) Article 112
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Microfinance mainly provides
- ASmall loans to low-income people
- BForeign exchange to exporters
- CLarge loans to industries
- DInsurance to companies
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Answer: (A) Small loans to low-income people
MGNREGA guarantees how many days of wage employment in a year?
- A150 days
- B200 days
- C100 days
- D50 days
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Answer: (C) 100 days
The Reserve Bank of India was established in
- A1947
- B1949
- C1935
- D1969
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Answer: (C) 1935
Inflation means a
- ARise in exports
- BFall in prices
- CRise in unemployment
- DGeneral rise in the price level
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Answer: (D) General rise in the price level
The New Economic Policy (liberalisation) in India was introduced in
- A2000
- B1991
- C1980
- D1985
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Answer: (B) 1991
Which tax is a direct tax?
- ACustoms duty
- BGST
- CExcise duty
- DIncome tax
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Answer: (D) Income tax
GDP measures the total value of
- AGovernment expenditure only
- BFinal goods and services produced within a country
- CExports minus imports
- DIncome of citizens abroad
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Answer: (B) Final goods and services produced within a country
The Indian financial year runs from
- AApril to March
- BOctober to September
- CJuly to June
- DJanuary to December
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Answer: (A) April to March
SEBI regulates the
- ABanking sector
- BSecurities (stock) market
- CTelecom sector
- DInsurance sector
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Answer: (B) Securities (stock) market
SEBI regulates the
- ABanking sector
- BInsurance sector
- CTelecom sector
- DSecurities (stock) market
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Answer: (D) Securities (stock) market
These are RankerClub practice questions written in the SSC CPO SI/ASI pattern. They are not official SSC/IBPS/RRB papers.
