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SSC Constable GD Exam General Awareness Study Material

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Indian Economy

GNP differs from NNP due to

a) Interest on public debt
b) Depreciation
c) Net indirect taxes
d) Direct taxes

✔Answer

Correct Answer Is : Depreciation

Solution Is :

Disguised unemployment means

a) Insufficiency of capital structure to absorb the large labour force
b) More people working, than required
c) Willing to work and not getting the work
d) Not getting work on all days throughout the year

✔Answer

Correct Answer Is : More people working, than required

Solution Is :

Devalution Means

a) Depreciation of the fixed assets
b) Increase in the currency value in terms of foreign currency
c) Reduction in the external value of currency
d) Fall in valuation of the essentials in an economy

✔Answer

Correct Answer Is : Reduction in the external value of currency

Solution Is :

Q.Which market forms allow free entry and exit of firms?

a) Oligopoly and Monopoly
b) Monopoly and Monopolistic
c) Perfect and Monopolistic
d) Perfect and oligopoly

✔Answer

Correct Answer Is : Oligopoly and Monopoly

Solution Is :

All economic goods are considered as __. In economics.

a) Capital
b) Materials
c) Wealth
d) Money

✔Answer

Correct Answer Is : Capital

Solution Is :

Total demand for goods and services at various levels of employment is called as

a) Market Demand
b) Employment Demand
c) Effective Demand
d) National Demand

✔Answer

Correct Answer Is : Effective Demand

Solution Is :

Relationship between price of related goods and quantity of a particular commodity is called as

a) Cross-demand
b) Price-demand
c) Income-demand
d) Market-demand

✔Answer

Correct Answer Is : Cross-demand

Solution Is :

Exploitation of labour is said to exist when

a) Wage = Marginal Revenue Product
b) Wage < Marginal Revenue Product
c) Wage > Marginal Revenue Product
d) Wage Marginal Revenue Product = 0

✔Answer

Correct Answer Is : Wage < Marginal Revenue Product

Solution Is :

A rising per Capita Income will indicate a better welfare if it is accompanied by

a) Unchanged income distribution overall
b) Changed income distribution in favour of rich
c) Changed income distribution in favour of poor
d) Changed income distribution in favour of industrial labour

✔Answer

Correct Answer Is : Changed income distribution in favour of poor

Solution Is :

Q.Indirect taxes by nature are

a) Digressive
b) Regressive
c) Progressive
d) Proportional

✔Answer

Correct Answer Is : Regressive

Solution Is :

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SSC Constable GD Exam General Awareness Study Material

Indian Economy

GNP differs from NNP due to

Correct Answer Is : Depreciation

Solution Is :

Disguised unemployment means

Correct Answer Is : More people working, than required

Solution Is :

Devalution Means

Correct Answer Is : Reduction in the external value of currency

Solution Is :

Q.Which market forms allow free entry and exit of firms?

Correct Answer Is : Oligopoly and Monopoly

Solution Is :

All economic goods are considered as __. In economics.

Correct Answer Is : Capital

Solution Is :

Total demand for goods and services at various levels of employment is called as

Correct Answer Is : Effective Demand

Solution Is :

Relationship between price of related goods and quantity of a particular commodity is called as

Correct Answer Is : Cross-demand

Solution Is :

Exploitation of labour is said to exist when

Correct Answer Is : Wage < Marginal Revenue Product

Solution Is :

A rising per Capita Income will indicate a better welfare if it is accompanied by

Correct Answer Is : Changed income distribution in favour of poor

Solution Is :

Q.Indirect taxes by nature are

Correct Answer Is : Regressive

Solution Is :

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