SSC CGL Finance – Indian Economy – Nature, Sectors, National Income, Population, Poverty, Unemployment & Infrastructure – Level 2 · Exam Level · Paper III Sprint
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The new series uses 2022-23 and replaces the 2011-12 series.
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SSC CGL Finance – Indian Economy – Nature, Sectors, National Income, Population, Poverty, Unemployment & Infrastructure – Level 2 · Exam Level · Paper III Sprint – 15 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. Data tableNational income (NNP at factor cost) is:
Directions (next 3 questions): Another imaginary economy (₹ crore): GDP at market price 9,600; depreciation 800; net factor income from abroad +200; net indirect taxes 900.
Correct Answer: C [₹ 8,100 crore]
Explanation:
9,600 − 800 + 200 − 900 = 8,100.
2.
Data tableGNP at market price is:
Correct Answer: B [₹ 9,800 crore]
Explanation:
GDPmp + NFIA = 9,600 + 200 = 9,800.
3.
Data tableNDP at factor cost (domestic income) is:
Correct Answer: A [₹ 7,900 crore]
Explanation:
Answer: ₹ 7,900 crore. 9,600 − 800 − 900 = 7,900.
4.
A farmer sells cotton for ₹ 300 to a spinner, who sells yarn for ₹ 520 to a weaver, who sells cloth for ₹ 800 to a tailor, who sells shirts for ₹ 1,250. Contribution to GDP is:
Correct Answer: D [₹ 1,250]
Explanation:
Value added 300 + 220 + 280 + 450 = 1,250 (= value of the final good).
5.
Statement-basedWhich is/are correct?
I. Transfer payments such as old-age pensions are excluded from national income.
II. Imputed rent of owner-occupied houses is included in national income.
I. Transfer payments such as old-age pensions are excluded from national income.
II. Imputed rent of owner-occupied houses is included in national income.
Correct Answer: B [Both I and II]
Explanation:
Transfers are not payment for production; imputed rent is a service produced.
6.
Nominal GDP is ₹ 9,180 crore and the GDP deflator is 108. Real GDP is:
Correct Answer: D [₹ 8,500 crore]
Explanation:
Real = nominal × 100/deflator = 9,180 × 100/108 = 8,500.
7.
Match the followingMatch the type of unemployment:
P. Frictional Q. Structural R. Seasonal
1. Mismatch of skills after a change in technology 2. Workers between jobs 3. Farm workers idle after harvest
P. Frictional Q. Structural R. Seasonal
1. Mismatch of skills after a change in technology 2. Workers between jobs 3. Farm workers idle after harvest
Correct Answer: A [P-2, Q-1, R-3]
Explanation:
Frictional = job change; structural = mismatch; seasonal = off-season.
8.
Assertion–Reason
A: In the second stage of demographic transition, population grows very fast.
R: In this stage the death rate falls sharply while the birth rate remains high.
A: In the second stage of demographic transition, population grows very fast.
R: In this stage the death rate falls sharply while the birth rate remains high.
Correct Answer: C [Both A and R are true and R explains A]
Explanation:
The widening gap between birth and death rates causes the 'population explosion'.
9.
A town's population rose from 2,40,000 to 2,64,000 in ten years. The decadal growth rate is:
Correct Answer: B [10%]
Explanation:
Answer: 10%. 24,000/2,40,000 × 100 = 10%.
10.
Population aged 15+ = 5,000; labour force = 2,900; employed = 2,755. The worker population ratio (WPR) is:
Correct Answer: D [55.1%]
Explanation:
WPR = employed/population × 100 = 2,755/5,000 = 55.1%.
11.
Odd one outwhich is NOT a part of the tertiary sector?
Correct Answer: A [Construction]
Explanation:
Construction is grouped with industry (secondary sector).
12.
Two-quantity comparison
Quantity I: Poverty ratio for 2011-12 by the Rangarajan method
Quantity II: Poverty ratio for 2011-12 by the Tendulkar method
Quantity I: Poverty ratio for 2011-12 by the Rangarajan method
Quantity II: Poverty ratio for 2011-12 by the Tendulkar method
Correct Answer: C [Quantity I > Quantity II]
Explanation:
29.5% (Rangarajan) > 21.9% (Tendulkar).
13.
Trick SpotterNominal GDP grows by 11% and prices rise by 4%. The quickest good estimate of real growth is:
Correct Answer: D [About 7% (11 − 4)]
Explanation:
Real ≈ nominal − inflation; exact (1.11/1.04 − 1) = 6.7%.
14.
Spot My Mistake“NDPfc = 7,500; NFIA = +200; so national income = 7,500 − 200 = 7,300.” The correct national income is:
Correct Answer: B [7,700]
Explanation:
National = domestic + NFIA: 7,500 + 200 = 7,700.
15.
One-line fact recallIn the new national accounts series released by MoSPI on 27 February 2026, the base year is:
Correct Answer: C [2022-23]
Explanation:
The new series uses 2022-23 and replaces the 2011-12 series.
➤ Full notes, shortcuts and every answer explained – SSC CGL 2026 Finance & Economics (Tier II Paper III) book (₹149): www.shanmugamiasacademy.in/study-materials/ssc-cgl-finance-economics
📘 SSC CGL 2026 – General Studies – Finance & Economics (Tier II Paper III)
Here you get the answer with a one-line explanation. 1,064 original questions with worked answers · Part A Finance & Accounts and Part B Economics & Governance notes · practice sets + 3 mock tests
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