Are you preparing for the SSC CGL 2025 exam and looking for reliable study material? You’re in the right place! We bring you the SSC CGL 2024 Tier 1 Economics MCQ PDF, packed with important Economics questions tailored to help you excel in the exam.
Table of Contents
SSC CGL 2024 Tier 1 Economics MCQ [Part 1]
- As per a report of the Ministry of Labour and Employment, what was the rate of unemployment in Maharashtra for the year 2021-22?
A) 3.5%
B) 3.01%
C) 4.2%
D) 4.4% - ___________ is an industry association and self-regulatory organisation (SRO) whose primary objective is to work towards the robust development of the microfinance sector.
A) Self-help Group Association
B) Microfinance Institutions Network
C) Microfinance and Investments Regulatory Authority
D) NABARD - Who published the logistic equation model of population growth in 1838?
A) Howard Thomas Odum
B) Alfred Russel Wallace
C) Pierre François Verhulst
D) George Evelyn Hutchinson - Money supply is a _____ concept.
A) stock
B) measurable
C) non-measurable
D) flow - When the analysis of population density is done by calculating it through net cultivated area, then the measure is termed as:
A) Agricultural density
B) Physiological density
C) Gross density
D) Net density - Which of the following is NOT correct regarding the circular flow of income?
A) Savings as well as government expenditure are injections to the circular flow.
B) The income of one sector becomes the expenditure of the other.
C) In a circular flow, leakages are equal to injections.
D) The real flow and monetary flow move in a circular manner in an opposite direction. - Which of the following is a component of the SHG-bank linkage program in India?
A) Microfinance institutions providing loans directly to SHGs
B) Banks providing loans to individual members of SHGs
C) Non-governmental organisations providing capacity building training to SHGs
D) State government providing subsidies to SHGs for credit - According to the Census of India 2011, the percentage of adolescent population (10-19 years) from the total population is how much?
A) 22.9%
B) 21.9%
C) 20.9%
D) 19.9% - As per the Census of India 2011, the increase in literacy rates for males and females, respectively, as compared to the 2001 Census was:
A) 3.88% and 13.79%
B) 5.88% and 12.79%
C) 6.88% and 11.79%
D) 4.88% and 10.79% - According to the Census of India 2011, ‘Other Religions and Persuasions (ORP)’ comprise how much of the population?
A) 3.9 million
B) 7.9 million
C) 5.9 million
D) 9.9 million - The Flexible Inflation Targeting Framework (FITF) was introduced in India post the amendment of the Reserve Bank of India (RBI) Act, 1934 in __________.
A) 2014
B) 2010
C) 2016
D) 2020 - Which of the following is an example of a joint sector industry?
A) Bharat Heavy Electricals Limited
B) Oil India Limited
C) Tata Iron and Steel Company
D) Steel Authority of India Limited - The CSO adopted the concept of Gross Value Added in ______.
A) January 2012
B) January 2015
C) January 2017
D) January 2013 - The government of which of the following states allocated ₹11,728 crore for the Aasara pension scheme in its annual budget for the fiscal year 2022-23?
A) Telangana
B) Odisha
C) Gujarat
D) Chhattisgarh - The Government of India allowed automatic approval of _____% of FDI by the Reserve Bank of India in nine categories of industries.
A) Up to 51
B) Up to 60
C) Up to 41
D) Up to 74 - According to the Census of India 2011, female adolescents in the age group of 10-19 years had a share of:
A) 52.7%
B) 47.3%
C) 31.3%
D) 20.9% - The Accelerated Female Literacy Programme was initiated in districts where the female literacy rate, based on the 2001 census, was _______.
A) below 35%
B) below 45%
C) below 30%
D) below 50% - According to Census of India 2011, in rural India, which state has the maximum female workforce participation rate?
A) Arunachal Pradesh
B) Uttar Pradesh
C) Himachal Pradesh
D) Andhra Pradesh - In which five-year plan was the ‘food, work, and productivity’ slogan used?
A) Sixth
B) Fifth
C) Fourth
D) Seventh - Which of the following is NOT correct with regards to the history of calculating National Income (NI) in India?
A) First attempt to compute NI was made by Dadabhai Naoroji.
B) First official attempt to compute NI was made by PC Mahalanobis.
C) Dadabhai Naoroji divided the Indian economy into two parts: primary sector and secondary sector.
D) First scientific method to compute NI was used by Dr VKRV Rao. - Which of the following statements is/are correct?
i. The first green revolution led to over-exploitation of natural resources.
ii. The second Green Revolution was more focused on Southern India.
iii. The second green revolution ensured in achieving sustainable livelihood security.
A) i and iii
B) Only ii
C) ii and iii
D) i and ii - Which of the following statements is correct about the composition of the agriculture sector and employment in GDP post-independence?
A) The proportion of employment has declined significantly but not the share of the agriculture sector in GDP.
B) The proportion of both the agriculture sector and employment in GDP has increased significantly.
C) The proportion of both the agriculture sector and employment in GDP has declined significantly.
D) The proportion of GDP contributed by the agricultural sector declined significantly but not the employment depending on the agriculture sector. - How was the growth in all food grains after the Green Revolution?
A) Unitary
B) Proportionate
C) Unpredictable
D) Disproportionate - Which of the following types of direct tax collection increased as of 10 February 2023 budget?
A) Personal income tax
B) Octroi duties
C) Corporate tax
D) Commercial tax - If assets of a bank are greater than liabilities, it will be recorded as:
A) liabilities
B) net worth
C) reserves
D) assets - What correctly defines change of inventories of a firm during a year?
A) Production of the firm during the year – Sale of the firm during the year
B) Production of the firm during the previous year – Sale of the firm during the year
C) Sale of the firm during the year – Production of the firm during the year
D) Production of the firm during the year – Sale of the firm during the previous year - What is the empirically fitted relationship between the rate of change of money, wage, and rate of unemployment known as?
A) Friedman’s model
B) Keynesian model
C) Baumol hypothesis
D) Philips curve - Which of the following is NOT the socio-economic objective of Industrial Policy Statement 1980?
A) Higher employment generation
B) Consumer protection against high prices and bad quality
C) Promotion of export-oriented industries
D) Allowing the maximum foreign direct investment - Identify the sequence of implementation of the following taxes.
I. Land revenue
II. Sales tax
III. MODVAT
IV. Service tax
A) III, II, IV, I
B) II, IV, I, III
C) IV, II, I, III
D) I, II, III, IV - What was the actual growth rate of the first five-year plan?
A) 4.2%
B) 2.6%
C) 3.6%
D) 2.1% - What challenge does foreign investment often face in India?
A) Excessive foreign competition
B) Inconsistent regulatory environment
C) Lack of skilled labour
D) Lack of consumer base - Which of the following is a difference between self-help groups (SHGs) and microfinance institutions (MFIs) in India?
A) SHGs are non-profit organisations, while MFIs are for-profit organisations.
B) SHGs provide only credit, while MFIs provide a range of financial services.
C) SHGs are typically small, community-based organisations, while MFIs are larger and more formal institutions.
D) SHGs rely on government subsidies for funding, while MFIs rely on commercial sources of funding. - Which state initiated the implementation of the Mid-day Meal scheme in elementary schools?
A) Tamil Nadu
B) Madhya Pradesh
C) Uttar Pradesh
D) Karnataka - Which of the following ports was developed as a Satellite port to relieve the pressure at the Mumbai port?
A) New Mangalore Port
B) Marmagao Port
C) Deendayal Port Authority
D) Jawaharlal Nehru Port - The National Youth Policy 2014 defines youth as population between the ages of ________ and _________.
A) 20; 29
B) 15; 25
C) 15; 29
D) 10; 19 - What was the main objective of the Second Green Revolution in India?
A) Ensuring food security in the western states
B) Promoting conventional agricultural practices
C) Focusing on holistic development in agriculture
D) Increasing the use of chemical fertilizers and pesticides - Which of the following is Fisher’s equation of exchange
A) MV=PT
B) MT=VP
C) M=S+I
D)
- What gave a major impetus to the cotton textile industry in India after Independence?
A) Partition of India in 1947
B) Export of raw cotton to England
C) Swadeshi movement
D) Development of railway network - Which of the following definitions best describes the concept of microfinance?
A) A microfinance institution is a company registered under the Companies Act, 1956, and engaged in the business of loans and advances and acquisition of shares/stocks/bonds/debentures/securities issued by the government.
B) Microfinance is a banking service provided to unemployed or low-income individuals or groups, who otherwise would have no other access to financial services.
C) A microfinance institution is a digital-only and mobile-first bank.
D) Microfinance refers to providing banking services to individuals living in rural areas. - Which of the following is an example of capital receipts?
A) Revenue from the sale of government assets
B) Taxes on income
C) Interest on government bonds
D) Grants-in-aid from other governments - In Pradhan Mantri Gramin Awaas Yojana, the cost of unit assistance is shared between Central and State Governments in the ratio ___________ in plain areas.
A) 60:40
B) 40:60
C) 90:10
D) 30:70 - What is the primary benefit offered to businesses in Special Economic Zones (SEZs)?
A) Tax and duty concessions
B) Guaranteed market share
C) Mandatory government contracts
D) Unlimited foreign investment - ______ is the provision of small credit to those who would have no other access to financial services.
A) Microloan
B) Microfinance
C) Homeloan
D) Pradhan Mantri Awas Yojana - When a person is NOT paying anything for public goods, it is known as _________.
A) non-excludable
B) rivalrous
C) free rider
D) private good
Consider the following statements associated with the India Infrastructure Project Development Fund (IIPDF).
- IIPDF was set up in 2017.
- The funds for IIPDF are provided by the Central Government.
- This scheme is notified under the Department of Economic Affairs.
Which of the above statements is/are INCORRECT?
- A) Only II and III
- B) Only I
- C) Only I and II
- D) Only III
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