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SSC MTS /
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Economy
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
A 1947
B 1949
C 1935
D 1969
Show answer
Answer: (C) 1935
Question 2
The Bombay Stock Exchange index is called
A DOW
B NASDAQ
C SENSEX
D NIFTY
Show answer
Answer: (C) SENSEX
Question 3
SEBI regulates the
A Securities (stock) market
B Insurance sector
C Telecom sector
D Banking sector
Show answer
Answer: (A) Securities (stock) market
Question 4
GDP measures the total value of
A Government expenditure only
B Final goods and services produced within a country
C Income of citizens abroad
D Exports minus imports
Show answer
Answer: (B) Final goods and services produced within a country
Question 5
The Union Budget is presented under which Article?
A Article 280
B Article 112
C Article 266
D Article 110
Show answer
Answer: (B) Article 112
Question 6
The Bombay Stock Exchange index is called
A DOW
B SENSEX
C NIFTY
D NASDAQ
Show answer
Answer: (B) SENSEX
Question 7
Who signs the one-rupee note in India?
A President
B RBI Governor
C Finance Minister
D Finance Secretary
Show answer
Answer: (D) Finance Secretary
Question 8
The New Economic Policy (liberalisation) in India was introduced in
A 1980
B 1991
C 2000
D 1985
Show answer
Answer: (B) 1991
Question 9
GST in India was implemented from
A 1 July 2017
B 1 April 2017
C 1 April 2016
D 1 January 2018
Show answer
Answer: (A) 1 July 2017
Question 10
MGNREGA guarantees how many days of wage employment in a year?
A 100 days
B 50 days
C 150 days
D 200 days
Show answer
Answer: (A) 100 days
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Question 11
Fourteen major commercial banks were nationalised in
A 1980
B 1949
C 1969
D 1991
Show answer
Answer: (C) 1969
Question 12
The National Stock Exchange index is called
A NIFTY 50
B FTSE
C SENSEX
D NIKKEI
Show answer
Answer: (A) NIFTY 50
Question 13
The headquarters of the Reserve Bank of India is in
A Chennai
B Kolkata
C New Delhi
D Mumbai
Show answer
Answer: (D) Mumbai
Question 14
The RBI was nationalised in
A 1955
B 1949
C 1969
D 1935
Show answer
Answer: (B) 1949
Question 15
NITI Aayog replaced the
A Finance Commission
B National Development Council
C Election Commission
D Planning Commission
Show answer
Answer: (D) Planning Commission
Question 16
Microfinance mainly provides
A Insurance to companies
B Small loans to low-income people
C Foreign exchange to exporters
D Large loans to industries
Show answer
Answer: (B) Small loans to low-income people
Question 17
MGNREGA guarantees how many days of wage employment in a year?
A 150 days
B 200 days
C 50 days
D 100 days
Show answer
Answer: (D) 100 days
Question 18
Inflation means a
A Fall in prices
B Rise in exports
C General rise in the price level
D Rise in unemployment
Show answer
Answer: (C) General rise in the price level
Question 19
Which body publishes the Consumer Price Index (CPI) in India?
A SEBI
B National Statistics Office
C NITI Aayog
D RBI
Show answer
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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