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SSC Stenographer Exam General Awareness Study Material

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Economic scene

GNP differs from NNP due to

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

✔Answer

✔Solution

Correct Answer Is : Depreciation

Solution Is : GNP signifies Gross National product, Whereas NNP signifies Net National Product

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

✔Solution

Correct Answer Is : More people working, than required

Solution Is : Disguised unemployment is that, Which does not affect aggregate output. It exists mere part of the labour force is either left without work or is working in a redundant manner where worker productivity is essentially zero

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

✔Solution

Correct Answer Is : Reduction in the external value of currency

Solution Is : Devaluation means reduction in the external value of currency

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

✔Solution

Correct Answer Is : Oligopoly and Monopoly

Solution Is : An oligopoly is a market structure in which a new firms dominates and monopoly is a market structure in which a firms has unbeaten competition.

All economic goods are considered as __. In economics.

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

✔Answer

✔Solution

Correct Answer Is : Capital

Solution Is : All economic goods are considered as Capital in economics.

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

✔Solution

Correct Answer Is : Effective Demand

Solution Is : Total demand for goods and services at various levels of employment is called as Effective demand.

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

✔Solution

Correct Answer Is : Cross-demand

Solution Is : Relationship between price of related goods and quantity of a particular commodity is called as Cross-demand.

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

✔Solution

Correct Answer Is : Wage < Marginal Revenue Product

Solution Is : Exploitation of labour is said to exist when Wage < Marginal Revenue Product

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

✔Solution

Correct Answer Is : Changed income distribution in favour of poor

Solution Is : A rising per Capita Income will indicate a better welfare if it is accompanied by changed income distribution in favour of poor

Q.Indirect taxes by nature are

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

✔Answer

✔Solution

Correct Answer Is : Regressive

Solution Is : Indirect taxes by nature are regressive

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SSC Stenographer Exam General Awareness Study Material

Economic scene

GNP differs from NNP due to

Correct Answer Is : Depreciation

Solution Is : GNP signifies Gross National product, Whereas NNP signifies Net National Product

Disguised unemployment means

Correct Answer Is : More people working, than required

Solution Is : Disguised unemployment is that, Which does not affect aggregate output. It exists mere part of the labour force is either left without work or is working in a redundant manner where worker productivity is essentially zero

Devalution Means

Correct Answer Is : Reduction in the external value of currency

Solution Is : Devaluation means reduction in the external value of currency

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

Correct Answer Is : Oligopoly and Monopoly

Solution Is : An oligopoly is a market structure in which a new firms dominates and monopoly is a market structure in which a firms has unbeaten competition.

All economic goods are considered as __. In economics.

Correct Answer Is : Capital

Solution Is : All economic goods are considered as Capital in economics.

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

Correct Answer Is : Effective Demand

Solution Is : Total demand for goods and services at various levels of employment is called as Effective demand.

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

Correct Answer Is : Cross-demand

Solution Is : Relationship between price of related goods and quantity of a particular commodity is called as Cross-demand.

Exploitation of labour is said to exist when

Correct Answer Is : Wage < Marginal Revenue Product

Solution Is : Exploitation of labour is said to exist when Wage < Marginal Revenue Product

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 : A rising per Capita Income will indicate a better welfare if it is accompanied by changed income distribution in favour of poor

Q.Indirect taxes by nature are

Correct Answer Is : Regressive

Solution Is : Indirect taxes by nature are regressive

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