SSC CGL Finance – Indian Economy – Nature, Sectors, National Income, Population, Poverty, Unemployment & Infrastructure – Level 1 · Warm-up

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SSC CGL Finance – Indian Economy – Nature, Sectors, National Income, Population, Poverty, Unemployment & Infrastructure – Level 1 · Warm-up – 12 questions, subject: Finance & Economics (Tier II Paper III). Every question has the correct answer with a one-line explanation; tap "Show Answer". Free practice for TNPSC, UPSC, SSC, Bank and RRB exams – Shanmugam IAS Academy, Coimbatore.

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1.  
National income in the strict sense is:

Correct Answer: C [NNP at factor cost]

Explanation:

National income = NNPfc = NDPfc + NFIA.

2.  
GDP at market price minus depreciation equals:

Correct Answer: A [NDP at market price]

Explanation:

Depreciation separates 'gross' from 'net'.

3.  
GNP differs from GDP by:

Correct Answer: B [Net factor income from abroad]

Explanation:

Answer: Net factor income from abroad. GNP = GDP + NFIA.

4.  
Which of these is included in GDP?

Correct Answer: D [Salary of a teacher in a government school]

Explanation:

Only payment for current production counts; transfers, second-hand sales and financial assets do not.

5.  
Mining and fishing belong to the:

Correct Answer: D [Primary sector]

Explanation:

Activities that extract from nature are primary.

6.  
A worker whose removal does not reduce total output is in:

Correct Answer: C [Disguised unemployment]

Explanation:

Marginal product zero – common in family farms.

7.  
Sex ratio in India is expressed as:

Correct Answer: B [Number of females per 1,000 males]

Explanation:

Indian Census definition: females per 1,000 males.

8.  
One-line fact recallAccording to the final figures of Census 2011, India's sex ratio was:

Correct Answer: A [943]

Explanation:

Census 2011 final: 943 females per 1,000 males (provisional figure was 940).

9.  
One-line fact recallAccording to the provisional figures of Census 2011, India's literacy rate (population aged 7 and above) was:

Correct Answer: A [74.04%]

Explanation:

74.04% in the provisional figures (male 82.14%, female 65.46%); the final figure is 72.98%.

10.  
Labour force = 2,500 and employed persons = 2,350. The unemployment rate is:

Correct Answer: B [6%]

Explanation:

Answer: 6%. UR = 150/2,500 × 100 = 6%.

11.  
Roads, power and ports are examples of:

Correct Answer: D [Economic infrastructure]

Explanation:

Economic infrastructure supports production directly; health and education are social infrastructure.

12.  
Real GDP is GDP measured at:

Correct Answer: C [Constant (base-year) prices]

Explanation:

Real values remove price changes.

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📘 SSC CGL 2026 – General Studies – Finance & Economics (Tier II Paper III)
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