Economy - MOST IMPORTANT SSC MTS Previous Year Questions
Practice real questions from previous year exams of SSC MTS.
📘 National Income Concepts and Methods of Calculation📚 Methods of Calculation
Q1
Which of the following methods is used to calculate national income by summing the total expenditure on final goods and services in an economy?
🎯 SSC MTS/Havaldar–08/09/2023 (Shift-II)
📘 National Income Concepts and Methods of Calculation📚 Methods of Calculation
Q2
Why it is important to distinguish between final and intermediate goods/services in national income accounting?
🎯 SSC MTS/Havaldar–05/09/2023 (Shift-III)
📘 National Income Concepts and Methods of Calculation📚 Gross Domestic Product (GDP)
Q3
GDP in economics, the letter D represents
🎯 SSC MTS 9-10-2017 (Shift-II); SSC MTS - 16/05/2023 (Shift-II)
📘 National Income Concepts and Methods of Calculation📚 Methods of Calculation
Q4
Which of the following is correct regarding the National Income?
I. Intermediate goods are not included in the calculation of national income.
II. Final goods are included in the calculation of national income.
🎯 SSC MTS- 04/05/2023 (Shift-II); SSC MTS/Havaldar–08/09/2023 (Shift-II)
📘 National Income Concepts and Methods of Calculation📚 Gross Domestic Product (GDP)
Q5
If we sum the gross value added of all the firms of the economy in a year, we get a measure of the value of aggregate amount of goods and services produced by the economy in a year. Such an estimate is called ___________
🎯 SSC MTS- 11/05/2023 (Shift-II)
📘 National Income Concepts and Methods of Calculation📚 Gross Domestic Product (GDP)
Q6
Letter D in GDP stands for __________ in economics.
🎯 SSC MTS 9-10-2017 (Shift-II)
📘 National Income Concepts and Methods of Calculation📚 Misc
Q7
What is the income of all the residents of the country called?
🎯 SSC MTS 9-10-2017 (Shift-I)
📘 National Income Concepts and Methods of Calculation📚 Methods of Calculation
Q8
While calculating GDP, which among the following is not included?
🎯 SSC MTS 9-10-2017 (Shift-III)
📘 National Income Concepts and Methods of Calculation📚 Methods of Calculation
Q9
Which among the following is included in the gross domestic product?
🎯 SSC MTS 18/10/2021 (Shift-I)
📘 Fundamental Economic Concepts📚 Sectors of an Economy
Q10
In an economy there could be ____________ sector/sectors, which are dominant in terms of total production & employment.
🎯 SSC MTS 11-10-2017 (Shift-III)
📘 Fundamental Economic Concepts📚 Sectors of an Economy
Q11
Agriculture and fishing activities belong to which sector?
🎯 SSC GD-13/02/2023 (Shift-I) SSC MTS 08/08/2019 (Shift-I)
📘 Public Finance in India- Budget📚 Capital Expenditure
Q12
Expenditure that increases productive capacity are examples of what kind of expenditure?
🎯 SSC MTS 14/08/2019 (Shift-I)
📘 Financial Markets📚 Misc
Q13
Which among the following is included in the formal sources of credit?
🎯 SSC MTS 7-10-2017 (Shift-I)
📘 Fundamental Economic Concepts📚 Sectors of an Economy
Q14
Based on economic activities, how many sectors are there in Indian economy?
🎯 SSC MTS 08/08/2019 (Shift-I)
📘 Tax Structure in India📚 Goods and Services Tax (GST)
Q15
GST is NOT applicable on which of the following goods or services?
🎯 SSC MTS 08/08/2019 (Shift-III)
📘 Tax Structure in India📚 Goods and Services Tax (GST)
Q16
How many members are there is GST council?
🎯 SSC MTS 02/08/2019 (Shift-II)
📘 Financial Markets📚 Financial Inclusion (Concept and Key Committees e.g., Nachiket Mor)
Q17
Which of the following is an element of microfinance institutions (MFI) ind India?
🎯 SSC MTS/Havaldar–04/09/2023 (Shift-II)
📘 Financial Markets📚 Financial Inclusion (Concept and Key Committees e.g., Nachiket Mor)
Q18
Which of the following statements best defines a microfinance institutions (MFI) ?
🎯 SSC MTS/Havaldar–06/09/2023 (Shift-I)
📘 Financial Markets📚 Financial Inclusion (Concept and Key Committees e.g., Nachiket Mor)
Q19
Which one of the following is a major objective of microfinance institutions in India?
🎯 SSC MTS/Havaldar–06/09/2023 (Shift-I)
📘 Money and Banking- Banking Structure📚 Misc
Q20
What is the difference between a debit card and a credit card?
🎯 SSC MTS/Havaldar–01/09/2023 (Shift-I)