Economics (Part – X) - Mock Test 365

21. Which state in India has introduced FAT Tax on junk food? [S.S.C. Online C.G.L.(T-I) 6.09.2016 (Shift-II)]

(a) Rajasthan
(b) Kerala
(c) Andhra Pradesh
(d) Bihar

Correct Answer: (b) Kerala

Solution:Kerala is the first state in India to impose a tax on junk food.

22. Which of the following is a private goods? [S.S.C. Online C.G.L. (T-I) 16.08.2021 (Shift-II)]

(a) A good that is consumed by a single person or household.
(b) Non-rival in consumption and non-excludable
(c) Spillover benefits
(d) A good that is available to everyone to consume, regardless of who pays for it and who does not.

Correct Answer: (a) A good that is consumed by a single person or household.

Solution:The goods which are consumed by any one person or household members are called private goods.

23. In which of the following states did Khadi and Village Industries Commission (KVIC) open its first Silk Processing Plant? [S.S.C. Online C.G.L. (T-I) 6.03.2020 (Shift-III)]

(a) Goa
(b) Haryana
(c) Madhya Pradesh
(d) Gujarat

Correct Answer: (d) Gujarat

Solution:Khadi and Village Industries Commission (KVIC) opened its first silk processing plant in Surendra Nagar, Gujarat on January 3, 2020. This will help in increasing the availability and sale of raw materials used in the production of Patola Sarees at the local level.

24. In which state has the Khadi and Village Industries Commission (KVIC) opened the first silk processing plant? [S.S.C. Online C.G.L. (T-I) 3.03.2020 (Shift-II)]

(a) Maharashtra
(b) Gujarat
(c) Tamil Nadu
(d) Karnataka

Correct Answer: (d) Karnataka

25. Asia's largest wholesale spice market is located in_______. [S.S.C. Online C.G.L. (T-I) 4.03.2020 (Shift-I)]

(a) Delhi
(b) Bengaluru
(c) Kolkata
(d) Ahmedabad

Correct Answer: (a) Delhi

Solution:Asia's largest wholesale spice market is located in Delhi. Delhi's Khari Baoli is Asia's largest spice market. A wide variety of both local and exotic spices can be found trading here every day. It is located on the western end of Chandni Chowk, close to the Red Fort and adjacent to the Jama Masjid.

26. ___________ is the first Indian company to list on NASDAQ. [S.S.C. Online CHSL (T-I) 2.02.2017 (Shift-I)]

(a) Reliance Industries
(b) Infosys
(c) TCS
(d) Bharti Airtel

Correct Answer: (b) Infosys

Solution:Infosys Technologies is the first Indian company to be added to the NASDAQ-100 index and is the only Indian company to be part of any of the major global indices.

27. Which company recently became the 1ˢᵗ Indian company to hit the Rs. 10 Lakh Crore market valuations? [S.S.C. Online C.G.L. (T-I) 7.03.2020 (Shift-III)]

(a) BSNL
(b) Airtel
(c) Jio
(d) Reliance

Correct Answer: (d) Reliance

Solution:Reliance Industries (RIL), became the first Indian company to hit the Rs 10 lakh crore market valuations. It is an Indian MNC company headquartered in Mumbai, Maharashtra.

28. Which is the first Indian company to hit the Rs. 10 lakh crore mark in market capitalisation? [S.S.C. Online C.G.L. (T-I) 5.03.2020 (Shift-I)]

(a) HDFC Bank
(b) Reliance Industries
(c) Tata Consultancy Services
(d) ICICI Bank

Correct Answer: (b) Reliance Industries

Solution:Reliance Industries (RIL), became the first Indian company to hit the Rs 10 lakh crore market valuations. It is an Indian MNC company headquartered in Mumbai, Maharashtra.

29. Who is responsible for fixing the Minimum Support Price (MSP)? [S.S.C. Online Constable GD 22.02.2019 (Shift-I)]

(a) Commission for Agricultural Costs and Prices
(b) Competition Commission of India
(c) Education Commission of India
(d) Law Commission of India

Correct Answer: (a) Commission for Agricultural Costs and Prices

Solution:Commission for Agricultural Costs and Prices (CACP), is an expert body that recommends MSP by taking into account the cost of production, and growing trends in domestic and international market prices. The Commission for Agricultural Costs and Prices came into existence in 1965 as the Agricultural Prices Commission.

30. The Minimum Support Price (MSP) announced by the Government of India is for how many crops? [S.S.C. Online Constable GD 22.02.2019 (Shift-II)]

(a) 15
(b) 30
(c) 25
(d) 20

Correct Answer: (c) 25

Solution:The Minimum Support Price (MSP) for a total of 23 crops is recommended by the Commission for Agricultural Costs and Prices, while the Minimum Support Price (MSP) for 25 crops is announced by the Government of India.

Economics (Part – X)