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SSC MTS Economy Questions with Answers & Explanations

19 Economy questions from the Session II: General Awareness section of SSC MTS, 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 Reserve Bank of India was established in

  1. A1947
  2. B1949
  3. C1935
  4. D1969
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Answer: (C) 1935
Question 2

The Bombay Stock Exchange index is called

  1. ADOW
  2. BNASDAQ
  3. CSENSEX
  4. DNIFTY
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Answer: (C) SENSEX
Question 3

SEBI regulates the

  1. ASecurities (stock) market
  2. BInsurance sector
  3. CTelecom sector
  4. DBanking sector
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Answer: (A) Securities (stock) market
Question 4

GDP measures the total value of

  1. AGovernment expenditure only
  2. BFinal goods and services produced within a country
  3. CIncome of citizens abroad
  4. DExports minus imports
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Answer: (B) Final goods and services produced within a country
Question 5

The Union Budget is presented under which Article?

  1. AArticle 280
  2. BArticle 112
  3. CArticle 266
  4. DArticle 110
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Answer: (B) Article 112
Question 6

The Bombay Stock Exchange index is called

  1. ADOW
  2. BSENSEX
  3. CNIFTY
  4. DNASDAQ
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Answer: (B) SENSEX
Question 7

Who signs the one-rupee note in India?

  1. APresident
  2. BRBI Governor
  3. CFinance Minister
  4. DFinance Secretary
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Answer: (D) Finance Secretary
Question 8

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 9

GST in India was implemented from

  1. A1 July 2017
  2. B1 April 2017
  3. C1 April 2016
  4. D1 January 2018
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Answer: (A) 1 July 2017
Question 10

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

  1. A100 days
  2. B50 days
  3. C150 days
  4. D200 days
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Answer: (A) 100 days

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Question 11

Fourteen major commercial banks were nationalised in

  1. A1980
  2. B1949
  3. C1969
  4. D1991
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Answer: (C) 1969
Question 12

The National Stock Exchange index is called

  1. ANIFTY 50
  2. BFTSE
  3. CSENSEX
  4. DNIKKEI
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Answer: (A) NIFTY 50
Question 13

The headquarters of the Reserve Bank of India is in

  1. AChennai
  2. BKolkata
  3. CNew Delhi
  4. DMumbai
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Answer: (D) Mumbai
Question 14

The RBI was nationalised in

  1. A1955
  2. B1949
  3. C1969
  4. D1935
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Answer: (B) 1949
Question 15

NITI Aayog replaced the

  1. AFinance Commission
  2. BNational Development Council
  3. CElection Commission
  4. DPlanning Commission
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Answer: (D) Planning Commission
Question 16

Microfinance mainly provides

  1. AInsurance to companies
  2. BSmall loans to low-income people
  3. CForeign exchange to exporters
  4. DLarge loans to industries
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Answer: (B) Small loans to low-income people
Question 17

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

  1. A150 days
  2. B200 days
  3. C50 days
  4. D100 days
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Answer: (D) 100 days
Question 18

Inflation means a

  1. AFall in prices
  2. BRise in exports
  3. CGeneral rise in the price level
  4. DRise in unemployment
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Answer: (C) General rise in the price level
Question 19

Which body publishes the Consumer Price Index (CPI) in India?

  1. ASEBI
  2. BNational Statistics Office
  3. CNITI Aayog
  4. DRBI
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Answer: (B) National Statistics Office

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

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