SSC Practice Question and Answer

Q: Maximum share in total external debt of India is of ___ 1801 0

  • 1
    Long term borrowings
    Correct
    Wrong
  • 2
    short term borrowings
    Correct
    Wrong
  • 3
    medium term borrowings
    Correct
    Wrong
  • 4
    ultra long term borrowing
    Correct
    Wrong
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Answer : 1. "Long term borrowings"

Q: In which year Food Safety and Standards Act was enacted in India? 1362 0

  • 1
    2004
    Correct
    Wrong
  • 2
    2005
    Correct
    Wrong
  • 3
    2006
    Correct
    Wrong
  • 4
    2007
    Correct
    Wrong
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Answer : 3. "2006"

Q: What is the share of Government of India in NABARD? 1408 0

  • 1
    50%
    Correct
    Wrong
  • 2
    51%
    Correct
    Wrong
  • 3
    75%
    Correct
    Wrong
  • 4
    99%
    Correct
    Wrong
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Answer : 4. "99%"

Q: Round tripping is used as a ___? 1764 0

  • 1
    Policy to boost FDI in country
    Correct
    Wrong
  • 2
    Means of tax evasion
    Correct
    Wrong
  • 3
    Policy of export promotion
    Correct
    Wrong
  • 4
    Calculation of National Income
    Correct
    Wrong
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Answer : 2. "Means of tax evasion"

Q: Devaluation of currency can correct a Balance of Payments deficit because___ 1990 0

  • 1
    It lowers price of exports in foreign currency and rises price of imports in home currency
    Correct
    Wrong
  • 2
    It raises price of exports in foreign currency and lowers price of imports in home currency
    Correct
    Wrong
  • 3
    It raises price of exports and imports in foreign currency
    Correct
    Wrong
  • 4
    It lowers price of exports and imports in home currency
    Correct
    Wrong
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Answer : 1. "It lowers price of exports in foreign currency and rises price of imports in home currency"

Q: What is the upper limit of transaction of amount via NEFT to a person in Nepal via the Indo-Nepal Remittance Facility Scheme? 1244 0

  • 1
    Rs. 50,000
    Correct
    Wrong
  • 2
    Rs. 100,000
    Correct
    Wrong
  • 3
    Rs. 200,000
    Correct
    Wrong
  • 4
    Rs. 500,000
    Correct
    Wrong
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Answer : 1. "Rs. 50,000"

Q: The Laffer curve is the graphical representation of : 1480 0

  • 1
    The relationship between tax rates and absolute revenue these rates generate for the government.
    Correct
    Wrong
  • 2
    The inverse relationship between the rate of unemployment and the rate of inflation in an economy.
    Correct
    Wrong
  • 3
    The inequality in income distribution
    Correct
    Wrong
  • 4
    The relationship between environmental quality and economic development.
    Correct
    Wrong
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Answer : 1. "The relationship between tax rates and absolute revenue these rates generate for the government."

Q: The government has powers under the Essential Commodities Act, 1955 (EC Act) to declare a commodity as an essential commodity to ensure its availabili 1558 0

  • 1
    1, 2 and 3
    Correct
    Wrong
  • 2
    1, 3 and 4
    Correct
    Wrong
  • 3
    3, 4 and 5
    Correct
    Wrong
  • 4
    2, 3, 4 and 5
    Correct
    Wrong
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Answer : 4. "2, 3, 4 and 5"

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