SSC CGL Finance – Indian Economy – Nature, Sectors, National Income, Population, Poverty, Unemployment & Infrastructure – Level 3 · Challenge
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High–high → death rate falls → birth rate falls → low–low.
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SSC CGL Finance – Indian Economy – Nature, Sectors, National Income, Population, Poverty, Unemployment & Infrastructure – Level 3 · Challenge – 8 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.
Imaginary economy (₹ crore): compensation of employees 4,200; rent 500; interest 800; profit 1,700; mixed income of self-employed 600; NFIA +250. National income is:
Correct Answer: A [₹ 8,050 crore]
Explanation:
Sum = NDPfc 7,800; + NFIA (+250) = 8,050.
2.
Another economy: C = 6,200; G = 1,500; gross investment = 2,600; exports 1,100; imports 1,400 (₹ crore). GDP at market price is:
Correct Answer: A [₹ 10,000 crore]
Explanation:
C + G + I + (X − M) = 6,200 + 1,500 + 2,600 − 300 = 10,000.
3.
National income ₹ 8,100 crore; population 30 lakh. Per capita income is:
Correct Answer: D [₹ 27,000]
Explanation:
8,100 × 10⁷ ÷ (30 × 10⁵) = 27,000.
4.
True/false countHow many statements are true?
(i) NFIA can be negative.
(ii) GDP at factor cost = GDP at market price + subsidies − indirect taxes.
(iii) Depreciation is also called consumption of fixed capital.
(iv) Intermediate goods are counted separately in GDP.
(i) NFIA can be negative.
(ii) GDP at factor cost = GDP at market price + subsidies − indirect taxes.
(iii) Depreciation is also called consumption of fixed capital.
(iv) Intermediate goods are counted separately in GDP.
Correct Answer: C [Three]
Explanation:
(iv) false – counting intermediate goods causes double counting.
5.
A country's real GDP grows at 5% a year. Using the Rule of 70, it doubles in about:
Correct Answer: B [14 years]
Explanation:
Answer: 14 years. 70 ÷ 5 = 14 (exact 14.2).
6.
In a block, 15% of people are multidimensionally poor and on average they are deprived in 40% of weighted indicators. The MPI value is:
Correct Answer: A [0.06]
Explanation:
MPI = H × A = 0.15 × 0.40 = 0.06.
7.
Census 2011 recorded 833.5 million rural and 377.1 million urban persons. The urban share was about:
Correct Answer: C [31%]
Explanation:
Answer: 31%. 377.1/1,210.6 ≈ 31.1%.
8.
Arrange in orderArrange the stages of demographic transition in order:
1. Birth rate starts falling
2. High birth and death rates
3. Low birth and death rates
4. Death rate falls sharply; birth rate stays high
1. Birth rate starts falling
2. High birth and death rates
3. Low birth and death rates
4. Death rate falls sharply; birth rate stays high
Correct Answer: B [2, 4, 1, 3]
Explanation:
High–high → death rate falls → birth rate falls → low–low.
➤ 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
Get the book – ₹149 More quizzes
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