SSC Practice Question and Answer

Q: Which of the following statements regarding the ‘Viability Gap Funding Scheme (VGF)’ is not true? 1646 0

  • 1
    Under VGF, the central government meets up to 20% of capital cost of a project being implemented in public private partnership (PPP) mode
    Correct
    Wrong
  • 2
    The scheme is administered by the ministry of finance.
    Correct
    Wrong
  • 3
    Sectors eligible for VGF are Infrastructure, health and education.
    Correct
    Wrong
  • 4
    VGF is a force multiplier, enabling government to leverage its resources more effectively.
    Correct
    Wrong
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Answer : 3. "Sectors eligible for VGF are Infrastructure, health and education."

Q: The central nodal agency for implementing the price support operations for commercial crops is: 2008 0

  • 1
    NAFED
    Correct
    Wrong
  • 2
    NABARD
    Correct
    Wrong
  • 3
    TRIFED
    Correct
    Wrong
  • 4
    FCI
    Correct
    Wrong
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Answer : 1. "NAFED"

Q: Which of the following agricultural commodity of India gives largest in terms of export value? 1550 0

  • 1
    Tea
    Correct
    Wrong
  • 2
    Basmati rice
    Correct
    Wrong
  • 3
    spices
    Correct
    Wrong
  • 4
    cotton
    Correct
    Wrong
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Answer : 2. "Basmati rice"

Q: Which of the following Price Indices of India is considered for measuring ‘Headline Inflation’? 1484 0

  • 1
    GDP Deflator
    Correct
    Wrong
  • 2
    CPI-AL/RL
    Correct
    Wrong
  • 3
    CPI-IW
    Correct
    Wrong
  • 4
    WPI
    Correct
    Wrong
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Answer : 4. "WPI"

Q: Which among the following is the oldest Public Sector Bank of India? 2126 0

  • 1
    Punjab National Bank
    Correct
    Wrong
  • 2
    Imperial Bank of India
    Correct
    Wrong
  • 3
    Allahabad Bank
    Correct
    Wrong
  • 4
    Central Bank of India
    Correct
    Wrong
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Answer : 3. "Allahabad Bank"

Q: The concept of ‘Universal Banking’ was implemented in India on the recommendations of: 1815 0

  • 1
    Abid Hussain Committee
    Correct
    Wrong
  • 2
    R H Khan Committee
    Correct
    Wrong
  • 3
    S Padmanabhan Committee
    Correct
    Wrong
  • 4
    Y H Malegam Committee
    Correct
    Wrong
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Answer : 2. "R H Khan Committee"

Q: Why the Indirect taxes are termed regressive taxing mechanisms? 2034 0

  • 1
    They are charged at higher rates than direct taxes
    Correct
    Wrong
  • 2
    They are charged the same for all income groups
    Correct
    Wrong
  • 3
    They are not charged the same for all income groups
    Correct
    Wrong
  • 4
    None of the above is a correct reason
    Correct
    Wrong
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Answer : 2. "They are charged the same for all income groups"

Q: Currently, which among the following products is facing imports ban from China? 1368 0

  • 1
    Milk and Milk products
    Correct
    Wrong
  • 2
    Rice
    Correct
    Wrong
  • 3
    Telecom equipment
    Correct
    Wrong
  • 4
    Heavy electrical engineering equipment
    Correct
    Wrong
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Answer : 1. "Milk and Milk products"

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