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  • SSC Stenographer Exam General Awareness Study Material

Digitization help student to explore and study their academic courses online, as this gives them flexibility and scheduling their learning at their convenience. Kidsfront has prepared unique course material of General Awareness Economic scene for SSC Stenographer Exam student. This free online General Awareness study material for SSC Stenographer Exam will help students in learning and doing practice on Economic scene topic of SSC Stenographer Exam General Awareness. The study material on Economic scene, help SSC Stenographer Exam General Awareness students to learn every aspect of Economic scene and prepare themselves for exams by doing online test exercise for Economic scene, as their study progresses in class. Kidsfront provide unique pattern of learning General Awareness with free online comprehensive study material and loads of SSC Stenographer Exam General Awareness Economic scene exercise prepared by the highly professionals team. Students can understand Economic scene concept easily and consolidate their learning by doing practice test on Economic scene regularly till they excel in General Awareness Economic scene.


Economic scene
The first finance commission was constituted in

a) 1954
b) 1952
c) 1951
d) 1950



Answer
Solution
Correct Answer Is : 1951
Solution Is : The first finance commission was constituted in 1951
The distribution of finances between centre and states is done on the recommendation of

a) Finance Ministry
b) Finance Commission
c) RBI
d) NABARD



Answer
Solution
Correct Answer Is : Finance Commission
Solution Is : The distribution of finances between centre and states is done on the recommendation of Finance Commission
In India, planned economy is based on

a) Gandhian System
b) Socialist System
c) Capitalist System
d) Mixed Economy System



Answer
Solution
Correct Answer Is : Socialist System
Solution Is : In India, planned economy is based on Socialist System
GDP at factor cost is

a) GDP minus indirect taxes plus subsidies
b) GNP minus depreciation allowances
c) NNP plus depreciation allowances
d) GDP minus subsidies plus indirect taxes



Answer
Solution
Correct Answer Is : GDP minus indirect taxes plus subsidies
Solution Is : GDP at factor cost is GDP minus indirect taxes plus subsidies
Per Capital Income is obtained by dividing National Income by

a) Total population of the country
b) Total working population
c) Area of the country
d) Volume of the capital used



Answer
Solution
Correct Answer Is : Total population of the country
Solution Is : Per Capital Income is obtained by dividing National Income by total population of the country
Structural unemployment arises due to

a) Deflationary conditions
b) Heavy industry bias
c) Shortage of raw material
d) Inadequate productive capacity



Answer
Solution
Correct Answer Is : Heavy industry bias
Solution Is : Structural unemployment arises due to heavy industry bias
Labour is considered as a king under

a) Socialism
b) Capitalism
c) Communism
d) Mixed Economy



Answer
Solution
Correct Answer Is : Communism
Solution Is : Communism is a theoretical economic system characterized by the collective ownership of property and by the organization of labour for the common advantage of all members
Which one of the following denotes an enterprise?

a) Physical capital
b) Working capital
c) Human capital
d) Fixed capital



Answer
Solution
Correct Answer Is : Working capital
Solution Is : Working capital is a financial matrix which represent operating liquidity available to a business , organization or other entity , including government entity.
Economics classifies the man-made instrument of production as

a) Organization
b) Labour
c) Equipment
d) Capital



Answer
Solution
Correct Answer Is : Capital
Solution Is : The capital is required in production. In modern economy, the production depends not only on land and labours but capital is also required. Capital is man-made instrument of production, just like land and labours. E.g. tractor, machine, engines, etc____ which are manufactured by men and it is used in production also.
How does agriculture promote the Indian industrial development ?

a) By supplying raw materials
b) By opening up market for industrial products
c) By providing food and clothing to labourers
d) All of the given options



Answer
Solution
Correct Answer Is : By supplying raw materials
Solution Is : Agriculture produces the raw material for the production which is used in manufacturing of various things e.g., sugarcane for sugar, wheat for bread, fruits for jelly etc.
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