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  • SSC CHSL Exam SSC CHSL General Awareness Study Material

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The first finance commission was constituted in

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

Correct Answer Is : 1951
Solution Is :
The distribution of finances between centre and states is done on the recommendation of

a) Finance Ministry
b) Finance Commission
c) RBI

Correct Answer Is : Finance Commission
Solution Is :
In India, planned economy is based on

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

Correct Answer Is : Socialist System
Solution Is :
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

Correct Answer Is : GDP minus indirect taxes plus subsidies
Solution Is :
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

Correct Answer Is : Total population of the country
Solution Is :
Structural unemployment arises due to

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

Correct Answer Is : Heavy industry bias
Solution Is :
Labour is considered as a king under

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

Correct Answer Is : Communism
Solution Is :
Which one of the following denotes an enterprise?

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

Correct Answer Is : Working capital
Solution Is :
Economics classifies the man-made instrument of production as

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

Correct Answer Is : Capital
Solution Is :
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

Correct Answer Is : By supplying raw materials
Solution Is :
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