SSC CGL ECONOMICS 2017 Solved Question Paper

SSC CGL ECONOMICS 2017 Solved Question Paper

 

Read Here or Buy PDF SSC CGL 2017 All Q&A’s with explanation click here

 

Total 114 Questions
Out of 114 questions, more than 30 questions were taken from options of the same SSC CGL 2017 Economics paper. It means 30 questions were made from the options of SSC CGL 2017 Economics paper. If you add SSC CHSL 2016 Economics paper then total number of questions will be more than 50 in ssc cgl 2017 Exam.

Q.1 – At which rate, Reserve Bank of India borrows money from commercial banks?
किस दर पर भारतीय रिजर्व बैंक वाणिज्य बैंकों से धन उधार लेता है?
SSC CGL 5-august-2017
Option:-
1.Bank Rate बैंक दर
2.Repo Rate रेपो दर
3.Reverse Repo Rate रिवर्स रेपो दर
4.Statutory Liquidity Rate सांविधिक तरलता दर
Correct Answer: Reverse Repo Rate रिवर्स रेपो दर
Bank rate:-A bank rate is the interest rate at which a nation’s central bank lends money to domestic banks.
Repo rate: – Repo rate is the rate at which the central bank lends short-term money to the banks against securities.
Reverse repo rate: – Reverse repo rate is the rate at which banks can park surplus funds with the reserve bank.
Statutory Liquidity Ratio: – The banks and other financial institutions in India have to keep a fraction of their total net time and demand liabilities in the form of liquid assets such as G-secs, precious metals, approved securities etc. The Ratio of these liquid assets to the total demand and time liabilities is called Statutory Liquidity Ratio.
Q.2 – Movement along the supply curve is known as ______ ?
आपूर्ति वक्र के साथ साथ चलने को ———- कहते हैं?
SSC CGL 5-august-2017
Option:-
1.Contraction of supply आपूर्ति में संकुचन
2.Expansion of supply आपूर्ति में विस्तार
3.Increase in supply आपूर्ति में बढ़ोतरी
4.Expansion and contraction of supply आपूर्ति में विस्तार तथा संकुचन
Correct Answer: Expansion and contraction of supply आपूर्ति में विस्तार तथा संकुचन
A movement along the supply curve will occur when the price of the good changes and the quantity supplied changes in accordance to the original supply relationship.
In other words, a movement occurs when a change in quantity supplied is caused only by a change in price, and vice versa.
Q.3 – NITI Aayog has been formed to replace which of the following institution?
नीति आयोग का निर्माण निम्नलिखित में से किस संस्था के स्थान पर किया गया है?  SSC CGL ECONOMICS 5-august-2017
Option:-
1.Planning Commission योजना आयोग
2.IRDA आई.आर.डी.ए
3.Department of Telecommunications (DoT) दूरसंचार विभाग
4.Department of Information Technology सूचना प्रौद्योगिकी विभाग
Correct Answer: Planning Commission योजना आयोग
Q.4 – In which of the following case, law of demand fails?
निम्नलिखित में से किस परिस्थिति में मांग का नियम असफल हो जाता है?
SSC CGL 5-august-2017
Option:-
1.Giffen good निम्नस्तरीय वस्तुएं
2.Normal goods सामान्य वस्तुएं
3.Inferior goods गौण वस्तुएं
4.Both Giffen and Inferior goods निम्नस्तरीय वस्तुएं तथा गौण वस्तुए दोनों
Correct Answer: Both Giffen and Inferior goods
Giffen good is a product that people consume more of as the price rises and vice versa—violating the basic law of demand in microeconomics.
Normal goods are those for which consumers’ demand increases when their income increases.
Inferior good is a good whose quantity demanded decreases when consumer income rises unlike normal goods, for which the opposite is observed.
Q.5 – Match the following निम्नलिखित का मिलान कीजिए
For of Market/ Number of sellers and Buyers/
बाजार का प्रकार विक्रेताओं तथा क्रेताओं की संख्या
1. Oligopoly a. Large number of sellers and buyers
अल्पाधिकार अत्यधिक विक्रेता तथा क्रेता
2. Monopoly b. A few big sellers and a large number of buyers
एकाधिकार कुछ बड़े विक्रेता तथा अत्यधिक क्रेता
3. Perfect Competition c. One seller but large number of buyers
पूर्ण प्रतियोगिता एक विक्रेता परंतु अत्यधिक वक्रेता
SSC CGL ECONOMICS 2017 5-august-2017
Option:-
1.1-b, 2- c, 3-a
2.1-c, 2-a, 3-b
3.1-a, 2-b, 3-c
4.1-b, 2-a, 3-c
Correct Answer: 1-b, 2-c, 3-a
Oligopoly is a market structure in which a small number of firms has the large majority of market share. An oligopoly is similar to a monopoly, except that rather than one firm, two or more firms dominate the market.
Pure monopoly is a market structure where one company is the single source for a product and there are no close substitutes for the product available. Utility companies, such as water and electricity, in particular towns, Cell service providers in some countries.
Pure competition is a term that describes a market that has a broad range of competitors who are selling the same products. It is often referred to as perfect competition. stocks, foreign exchange,
Q.6 – The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good.
——- वक्र बाजार में सभी उपभोक्ताओं की मांग को वस्तु की कीमत के विभिन्न स्तरों पर समग्र दृष्टि से देख कर मांग को प्रदर्शित करता है SSC CGL 6-august-2017
Option:-
1.monotonic एकदिष्ट
2.indifferent तटस्थ
3.market demand बाजार मांग
4.diminishing ह्रासमान
Correct Answer: market demand बाजार मांग
Q.7 – The market structure called monopoly exists where there is exactly ______ seller in any market.
जिस बाज़ार संरचना में केवल विक्रेता होता है उसे एकाधिकार कहते हैं
SSC CGL ECONOMICS 6-august-2017
Option:-
1.1
2.2
3.5
4.10
Correct Answer: One

Q.8 – For a price taking firm, average revenue is ______ market price.
कीमत स्वीकारक एक फर्म की औसत संप्राप्ति बाजार कीमत की कितनी होती है?
SSC CGL 6-august-2017
Option:-
1.half of आधी
2.equal to बराबर
3.double of दुगना
4.less than कम
Correct Answer: equal to बराबर
In a perfectly competitive market, the firm is a price-taker, it cannot influence the market price through the quantity it produces. In practice this means the firm is so small in proportion to the overall market that it has no market power, so it can sell any quantity it is able to produce at the market price because the firm can sell as much as it can produce at the market price, the marginal revenue for each unit sold is equal to the price, and the average revenue is also equal to the price, as every unit costs the same, so when you divide the total revenue by the number of units sold, you get the price.
Q.9 – The study of individual markets of demand and supply in which the ‘players’, or the decision makers, were also individuals (buyers or sellers, even companies) who were seen as trying to maximize their profits (as producers or sellers) and their personal satisfaction or welfare levels (as consumers) is called?
मांग और पूर्ति के व्यक्तिगत बाजारों का अध्ययन जिसमें ‘आर्थिक भूमिका निभाने वाला’ या निर्णयकर्ता भी व्यक्ति होते हैं (खरीदार या विक्रेता कंपनियां भी) जो अपने लाभों को अधिकतम करने की कोशिश करते हैं (जैसे उत्पादक या विक्रेता) और उनकी व्यक्तिगत संतुष्टि या कल्याण का स्तर (उपभोक्ताओं के रूप में) क्या कहलाता है
SSC CGL 6-august-2017
Option:-
1.Macroeconomics समष्टि अर्थशास्त्र
2.Econometrics अर्थमिति व्यष्टि
3.Microeconomics अर्थशास्त्र
4.Heterodox Economics हेटेरोडोक्स अर्थशास्त्र
Correct Answer: Microeconomics अर्थशास्त्र                                                                                          For individual Microeconomics is used. You can check Question number 33.

Q.10 – Which one of the following is a component of Food Security System?
निम्नलिखित में से कौन सा खाद्य सुरक्षा प्रणाली का एक घटक है ?
SSC CGL 8-august-2017
Option:-
1.Buffer stock सुरक्षित भंडार
2.Minimum support price न्यूनतम समर्थन मूल्य
3.Fair price shops उचित मूल्य की दुकानें
4.Mid day meals मध्यान भोजन
Correct Answer: No Correct answer
A buffer stock is a system or scheme which buys and stores stocks at times of good harvests to prevent prices falling below a target range (or price level), and releases stocks during bad harvests to prevent prices rising above a target range (or price level).

Q.11 – What is the accepted average Calorie requirement for rural area in India?
भारत में ग्रामीण क्षेत्र के लिए आवश्यक औसत कैलोरी कितनी है?
SSC CGL ECONOMICS 8-august-2017
Option:-
1.2100
2.2200
3.2300
4.2400
Correct Answer: 2400

Q.12 – ‘Neo-Malthusian Theory’ is associated with which of the following?
नव मलथुसियन सिद्धांत निम्नलिखित में से किस से संबंधित है ?
SSC CGL 8-august-2017
Option:-
1.Employment रोजगार
2.Poverty गरीबी
3.Resource scarcity संसाधन की कमी
4.Income आय
Correct Answer: Resource scarcity संसाधन की कमी
Malthusianism is the idea that population growth is potentially exponential while the growth of the food supply is arithmetical at best. Neo-Malthusianism is the advocacy of population control programs, to ensure resources for current and future populations.

Q.13 – Who takes the decision regarding the savings and loan activities in a Self Help Group (SHG)?
स्वयं सहायता समूह (SHG) बचत और ऋण गतिविधियों से संबंधित निर्णय कौन लेता है ?
SSC CGL ECONOMICS 8-august-2017
Option:-
1.Private Bank निजी बैंक
2.Reserve Bank of India भारतीय रिजर्व बैंक
3.Members of group समूह के सदस्य
4.Non Government Organizations गैर सरकारी संगठन
Correct Answer: Members of group समूह के सदस्य
Self-Help Group (SHG) is a small voluntary association of poor people, preferably from the same socio-economic background. They come together for the purpose of solving their common problems through self-help and mutual help. The SHG promotes small savings among its members. The savings are kept with a bank.
Q.14 – Which amongst the following is not in the list of Maharatna?
निम्नलिखित में से कौन-सा महारत्न की सूची में नहीं आता?
SSC CGL ECONOMICS 8-august-2017
Option:-
1.Coal India Limited कोल इंडिया लिमिटेड
2.Steel Authority of India Limited भारतीय इस्पात प्राधिकरण
3.Hindustan Petroleum Corporation Limited हिंदुस्तान पेट्रोलियम कॉरपोरेशन लिमिटेड
4.Bharat Heavy Electricals Limited भारत हेवी इलेक्ट्रिकल्स लिमिटेड
Correct Answer: Hindustan Petroleum Corporation Limited हिंदुस्तान पेट्रोलियम कॉरपोरेशन लिमिटेड

Q.15 – The 7th pay commission has retained the rate of annual increment of _____.
सातवें वेतन आयोग में वार्षिक वेतन वृद्धि दर कितने पर बरकरार रखा है?
SSC CGL 8-august-2017
Option:-
1.2:00 %
2.2.57 %
3.3 %
4.3.5 %
Correct Answer: 3%

Q.16 – Who gave the ‘General Equilibrium Theory’?
‘सामान्य संतुलन सिद्धांत’ किसने प्रतिपादित किया था ?
SSC CGL 9-august-2017
Option:-
1.J. M. Keynes जे एम कींस
2.Leon Walras लियोन वालरस
3.David Ricardo डेविड रिकार्डो
4.Adam Smith एडम स्मिथ
Correct Answer: Leon Walras लियोन वालरस
In economics, general equilibrium theory attempts to explain the behaviour of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in an overall general equilibrium.
Q.17 – Which of the following is not true about a Demand Draft?
निम्नलिखित में से कौन-सा डिमांड ड्राफ्ट के संदर्भ में सही नहीं है ?
SSC CGL ECONOMICS 9-august-2017
Option:-
1.It is a negotiable instrument. यह एक परक्राम्य लिखित है
2.It is a banker’s cheque. यह एक बैंकर्स चेक है
3.It may be dishonoured for lack of funds. यह धन के अभाव के कारण अस्वीकृत किया जा सकता है
4.It is issued by a bank. यह बैंक द्वारा जारी किया जाता है
Correct Answer: It may be dishonoured for lack of funds. यह धन के अभाव के कारण अस्वीकृत किया जा सकता है
A demand draft is a negotiable instrument similar to a bill of exchange. A bank issues a demand draft to a client (drawer), directing another bank (drawee) or one of its own branches to pay a certain sum to the specified party (payee).
A demand draft can also be compared to a cheque. However, demand drafts are difficult to countermand. Demand drafts can only be made payable to a specified party, also known as pay to order. But, cheques can also be made payable to the bearer. Demand drafts are orders of payment by a bank to another bank, whereas cheques are orders of payment from an account holder to the bank
Q.18 – What is the major aim of Pradhan Mantri Ujjwala Yojana?
प्रधानमंत्री उज्ज्वला योजना का मुख्य लक्ष्य क्या है?
SSC CGL 9-august-2017
Option:-
1.To provide electricity विद्युत प्रदान करना
2.To provide LED bulbs LED बल्ब प्रदान करना
3.To provide LPG connections एलपीजी (LPG) कनेक्शन प्रदान करना
4.To construct village roads गांव की सड़कों का निर्माण करना
Correct Answer: To provide LPG connections एलपीजी (LPG) कनेक्शन प्रदान करना

Q.19 – Which of the following country is not a member of BRICS association?
निम्नलिखित में से कौन सा देश ब्रिक्स समिति का सदस्य नहीं है?
SSC CGL ECONOMICS 9-august-2017
Option:-
1.Brazil ब्राजील
2.Russia रूस
3.Iceland आइसलैंड
4.China चीन
Correct Answer: Iceland आइसलैंड

Q.20 – In which market form, a market or an industry is dominated by a single seller?
किस प्रकार की बाजार व्यवस्था में, बाजार अथवा उद्द्योग पर एक ही विक्रेता का वर्चस्व होता है ?
SSC CGL 9-08-17
Option:-
1.Oligopoly अल्पाधिकार
2.Monopoly एकाधिकार
3.Duopoly द्वधिकार
4.Monopolistic Competition एकाधिकार प्रतियोगिता
Correct Answer: Monopoly एकाधिकार

Q.21 – Which one of the following is also regarded as Disguised unemployment?
प्रच्छन्न बेरोजगारी को और किस नाम से जाना जाता है?
SSC CGL ECONOMICS 9-08-17
Option:-
1.Underemployment अल्प रोजगार
2.Frictional unemployment संघर्ष संबंधी बेरोजगारी
3.Seasonal unemployment मौसमी बेरोजगारी
4.Cyclical unemployment चक्रीय बेरोजगारी
Correct Answer: Underemployment अल्प रोजगार
Disguised unemployment exists where part of the labor force is either left without work or is working in a redundant manner where worker productivity is essentially zero. It is unemployment that does not affect aggregate output.
Frictional unemployment is when workers leave their jobs to find better ones.
Seasonal unemployment occurs when there is a limited need for a type of work to be performed during a particular period of the year, based on factors like deadlines or climate.
Cyclical unemployment:- Cyclical unemployment is a factor of overall unemployment that relates to the cyclical trends in growth and production that occur within the business cycle
Structural unemployment :- Structural unemployment is a form of unemployment caused by a mismatch between the skills that workers in the economy can offer, and the skills demanded of workers by employers.
Q.22 – Deen Dayal Rasoi Yojana to provide food at only Rs.5 has been launched on 6th April, 2017 by which state?
दीनदयाल रसोई योजना जिसके तहत केवल 5 रुपये में भोजन उपलब्ध कराया जाएगा 6 अप्रैल 2017 को किस राज्य द्वारा आरंभ की गई है?
[SSC CGL 9-08-17]
Option:-
1.Chattisgarh छत्तीसगढ़
2.Haryana हरियाणा
3.Madhya Pradesh मध्य प्रदेश
4.Uttar Pradesh उत्तर प्रदेश
Correct Answer: Madhya Pradesh मध्य प्रदेश

Q.23 – When there is only one buyer and one seller of product, it is called _____ situation.
जब किसी वस्तु का केवल एक क्रेता तथा एक विक्रेता होता है तब वह स्थिति क्या कहलाती है ?
[SSC CGL ECONOMICS 9-08-17]
Option:-
1.Public monopoly जनता एकाधिकार
2.Bilateral monopoly द्विपक्षीय एकाधिकार
3.Franchised monopoly विशेष विक्रेता एकाधिकार
4.Monopsony क्रय का एकाधिकार
Correct Answer: Bilateral monopoly
A bilateral monopoly is a market structure consisting of both a monopoly (a single seller) and a monopsony (a single buyer).

Q.24 – Which among the following sponsors Regional Rural Banks (RRB’S)?
निम्नलिखित में से कौन क्षेत्रीय ग्रामीण बैंकों को प्रायोजित करता है ?
[SSC CGL ECONOMICS 9-08-17]
Option:-
1.Reserve Bank of India भारतीय रिजर्व बैंक
2.Foreign Banks विदेशी बैंक
3.National Commercial Banks राष्ट्रीय वाणिज्यिक बैंक
4.Co-Operative Banks सहकारी बैंक
Correct Answer: National Commercial Banks राष्ट्रीय वाणिज्यिक बैंक
A Regional Rural Bank – RRB can be sponsored by any commercial bank , PSU or private bank. The sponsor Bank look after day to day management of the RRB. The share capital of the existing RRBs is contributed by Central govt, sponsor Bank and State govt in the ratio of 50: 35:15. But as per recent amendment share can be issued to private individuals or company in such a way that the share of CG and Sponsor Bank together minimum 51 percent.
Q.25 – Union Cabinet approves amendments in M-SIPS to attract investment in electronics manufacturing. What is the full form of M-SIPS?
केंद्रीय मंत्रिमंडल ने इलेक्ट्रॉनिक भी निर्माण में निवेश को आकर्षित करने के लिए MSIPS में बदलाव की मंजूरी दी है एम एस आई पी एस का असंक्षिप्त रूप क्या है ? [SSC CGL ECONOMICS 9-08-17]
Option:-
1.Modified Sustainable Investment Package Scheme संशोधित संधारणीय निवेश संपुष्टि योजना
2.Modified Special Information Package Scheme संशोधित विशिष्ट सूचना संपुष्टि योजना
3.Modified Special Incentive Package Scheme संशोधित विशिष्ट प्रोत्साहन संपुष्टि योजना
4.Modern Socialist Incentive Package Scheme आधुनिक समाजवादी प्रोत्साहन संपुष्टि योजना
Correct Answer: संशोधित विशिष्ट प्रोत्साहन संपुष्टि योजना Modified Special Incentive Package Scheme

Q.26 – Which among the following is not an account under Balance of Payment?
निम्नलिखित में से कौन-सा भुगतान संतुलन के अंतर्गत एक खाता नहीं है ?
[SSC CGL ECONOMICS 10-08-17]
Option:-
1.Current Account चालू खाता
2.Capital Account पूंजीगत खाता
3.Official Reserves Account आधिकारिक आरक्षित खाता
4.Unilateral Payments Account एकतरफा भुगतान खाता
Correct Answer: Official Reserves Account आधिकारिक आरक्षित खाता
The balance of payments has three components.
(i)Financial account
(ii)Capital account
(iii)Current account.
The financial account describes the change in international ownership of assets.
The capital account includes any financial transactions that don’t affect economic output.
The current account measures international trade, the net income on investments and direct payments.
Official Reserve Account: The official reserve account is a part of the capital account, is the foreign currency and securities held by the central bank of a country and used to balance the payments from year-to-year.
Q.27 – First state to implement Saur Sujala Yojana is _____.
सौर सुजला योजना लागू करने वाला पहला राज्य कौनसा है ?
[SSC CGL ECONOMICS 10-08-17]
Option:-
1.Chattisgarh छत्तीसगढ़
2.Uttaranchal उत्तरांचल
3.Maharashtra महाराष्ट्र
4.Gujarat गुजरात
Correct Answer: Chattisgarh छत्तीसगढ़

Q.28 – Which among the following country exited from Trans Pacific Partnership (TTP) in Jan 2017 ?
निम्नलिखित में से कौन सा देश जनवरी 2017 में ट्रांस पैसिफिक पार्टनरशिप से बाहर निकल गया ?
[SSC CGL ECONOMICS 10-08-17]
Option:-
1.Japan जापान
2.USA संयुक्त राज्य अमेरिका
3.Mexico मेक्सिको
4.Brunei ब्रुनेई
Correct Answer: USA

Q.29 – In which market form, a market or industry is dominated by a few firms?
किस प्रकार की बाजार व्यवस्था में बाजार अथवा उद्योग पर कुछ ही विक्रेताओं का वर्चस्व होता है ?
[SSC CGL 10-08-17]
Option:-
1.Perfect Competition पूर्ण स्पर्धा
2.Monopoly एकाधिकार
3.Oligopoly अल्पाधिकार
4.Monopolistic एकाधिकार
Correct Answer: Oligopoly अल्पाधिकार
Oligopoly is a market structure in which a small number of firms has the large majority of market share. An oligopoly is similar to a monopoly, except that rather than one firm, two or more firms dominate the market.
Q.30 – Which amongst the following is not a component of monetary policy in India?
निम्नलिखित में से कौन सा भारत में मौद्रिक नीति का घटक नहीं है ?
[SSC CGL ECONOMICS 10-08-17]
Option:-
1.Repo rate रेपो रेट
2.Moral suasion नैतिक उत्तेजना
3.Credit Rationing क्रेडिट समभाजन
4.Public Debt सार्वजनिक ऋण
Correct Answer: Public Debt सार्वजनिक ऋण
Monetary policy is the process by which central bank controls either the cost of very short-term borrowing or the monetary base, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.
Instruments of Monetary policy :-
Open Market Operations
Cash Reserve Ratio
Statutory Liquidity Ratio
Bank Rate Policy
Credit Ceiling
Credit Authorization Scheme
Moral Suasion
Repo Rate and Reverse Repo Rate