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Economy - MOST IMPORTANT SSC CPO Previous Year Questions

Practice real questions from previous year exams of SSC CPO.

📘 Poverty📚 Definition and Indices

Q1

People like small farmer and seasonal labourers, who regularly moves in and out of poverty called _________

🎯 SSC CPO-SI 24/11/2020 (Shift-II)

A.

Permanently poor

B.

Ocassionally poor

C.

Churning poor

D.

General poor

📘 Poverty📚 Definition and Indices

Q2

Dadabhai Naoroji was the first person to discuss the concept of ____________ in pre-independence India.

🎯 SSC CPO-SI 25/11/2020 (Shift-II)

A.

Poverty line

B.

Subsistence level

C.

Living wage

D.

Food line

📘 Microeconomics- I📚 Demand and its types

Q3

What kind of relationship exists between income and demand in case of normal goods?

🎯 SSC CPO-SI – 09/12/2019 (Shift-I)

A.

Sometimes there is a direct and sometimes an inverse relationship

B.

There is a direct relationship

C.

There is an inverse relationship

D.

There is no impact of income on demand

📘 Microeconomics- II📚 Revenue and its types

Q4

Marginal Revenue is :

🎯 SSC CPO (TIER-1) 2016

A.

The average revenue of a firm

B.

Revenue realized on every unit sold

C.

Revenue realized from the sale of all units.

D.

Revenue realized on the sale of an extra unit of product

📘 General Miscellaneous📚 Miscellaneous

Q5

The book “Globalization, Democratization and Distributive Justice" has been authored by:

🎯 SSC CPO (TIER-1) 2016

A.

Mool Chand Sharma

B.

Karan Bajaj

C.

Salman Rushdies

D.

Anita Nair

📘 Tax Structure in India📚 Goods and Services Tax (GST)

Q6

Which among the following regarding GST is correct?

🎯 SSC CPO-SI – 11/12/2019 (Shift-II) SSC CPO-SI 24/11/2020 (Shift-I)

A.

The 100th Amendment introduced GST in the country

B.

Centre holds 100 percent stake in GST network

C.

GST network was formed under Companies Act

D.

GST council is a statutory body

📘 Tax Structure in India📚 Other Taxes

Q7

Which of the following may be classified as a 'Pigouvian tax'?

🎯 SSC CPO-SI – 12/12/2019 (Shift-II)

A.

Carbon tax

B.

Income tax

C.

Corporate tax

D.

Long term capital gain tax

📘 Fiscal Policy📚 Misc

Q8

Tax reforms is related to reforms in the governments taxation and public expenditure policies which are honorably known

🎯 SSC CPO-SI 24/11/2020 (Shift-II)

A.

Fiscal reform

B.

Financial reform

C.

Financial Policy

D.

Fiscal policy

📘 Money and Banking- Banking Structure📚 Misc

Q9

What is the use of 'F' in IFSC in the context of Banking sector?

🎯 SSC CPO-SI 25/11/2020 (Shift-I)

A.

Forum

B.

Fiscal

C.

Financial

D.

Functional

📘 Security Market📚 Securities and Exchange Board of India (SEBI)

Q10

Which of the following institutions does NOT regulate capital markets in India?

🎯 SSC CPO-SI – 12/12/2019 (Shift-II)

A.

Ministry of Finance

B.

RBI

C.

SEBI

D.

IRDA

📘 Financial Markets📚 Digital Payments Ecosystem (NEFT, RTGS, IMPS, etc.)

Q11

What is the full form of NPCI which is an umbrella organisation for all retail payments system of India ?

🎯 SSC CPO-SI – 11/12/2019 (Shift-II)

A.

Non-cash Payments Cooperative Inc

B.

Non-cash Payments Corporation of India

C.

National Payments Corporation of India

D.

Net Payments Company Inc

📘 Inflation and Business Cycles (Recession, Depression, etc.)📚 Terminology related to Inflation

Q12

Which of the following statements is true regarding disinflation ?

🎯 SSC CPO-SI – 11/12/2019 (Shift-I)

A.

A sudden sharp decrease in prices due to unexpected reasons

B.

An overall decrease in prices over a specific period

C.

A scenario when inflation is mainly due to inflation of only a few commodities and not of all commodities

D.

A decrease in the rate of inflation in a specific period

📘 Microeconomics- II📚 Revenue and its types

Q13

If the selling price of a product under perfect competition is 25/-, the Marginal Revenue will be

🎯 SSC CPO (TIER-1) 2016

A.

more than 25/-

B.

equal to 25/-

C.

less than 25/-

D.

Zero

📘 Microeconomics- II📚 Production and its types

Q14

When average product of an input is at its maximum then: (AP = Average product) (MP = Marginal product)

🎯 SSC CPO (TIER-1) 2016

A.

AP = 0

B.

AP > MP

C.

AP < MP

D.

AP = MP

📘 Microeconomics- II📚 Production and its types

Q15

An employer goes on employing more and more of a factor units until:

🎯 SSC CPO (TIER-1) 2016

A.

the Marginal Revenue Productivity becomes zero

B.

the Marginal Revenue Productivity of a factor becomes equal to its reward.

C.

the Average Revenue Productivity becomes equal to Marginal Revenue Productivity.

D.

the Diminishing Marginal Returns sets into operation.

📘 Microeconomics- II📚 Misc

Q16

Equilibrium output is determined by:

🎯 SSC CPO (TIER-1) 2016

A.

the equality between Marginal cost & Marginal revenue.

B.

the equality between Average cost & Average revenue.

C.

the equality between total Variable cost & Marginal revenue

D.

the equality between total cost & total revenue.

📘 Microeconomics- II📚 Production and its types

Q17

If total product is at its maximum then: (AP = Average product) (MP = Marginal product)

🎯 SSC CPO (TIER-1) 2016

A.

MP = 0

B.

AP = 0

C.

AP<0

D.

AP = MP = 0

📘 External Sector in India📚 Trade Balance

Q18

India's share in total global trade in value terms is:

🎯 SSC CPO (TIER-1) 2016

A.

between 1% and 2%

B.

less than 1/2 %

C.

less than 1% but more than 1/2 %

D.

more than 2%

📘 Security Market📚 Important Terms of Stock Market

Q19

In the context of capital markets, the abbreviation 'FPO' stands for :

🎯 SSC CPO-SI – 11/12/2019 (Shift-I)

A.

Follow-on Public offer

B.

First Portfolio Operation

C.

Free Public Offer

D.

First Public offer

📘 Security Market📚 Bombay Stock Exchange

Q20

In which year was the first Exchange-traded Index Derivative Contract traded on the Bombay Stock Exchange (BSE) ?

🎯 SSC CPO-SI – 13/12/2019 (Shift-I)

A.

1994

B.

2004

C.

1991

D.

2000

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