SSC CGL Finance – Indian Economy – Nature, Sectors, National Income, Population, Poverty, Unemployment & Infrastructure – Exam-Level Drill

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SSC CGL Finance – Indian Economy – Nature, Sectors, National Income, Population, Poverty, Unemployment & Infrastructure – Exam-Level Drill – 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.  
One-line fact recallAs per MoSPI's provisional estimates released on 5 June 2026, India's real GDP growth for 2025-26 was:

Correct Answer: D [7.7%]

Explanation:

Real GDP 2025-26 (PE): 7.7% against 7.1% in 2024-25; nominal growth 8.9%.

2.  
In the same release, nominal GDP for 2025-26 was estimated at about:

Correct Answer: B [₹ 346.36 lakh crore]

Explanation:

Real GDP ₹ 323.12 lakh crore; nominal ₹ 346.36 lakh crore.

3.  
Census 2027 will be the first digital census. Its main reference date is:

Correct Answer: C [00:00 hours of 1 March 2027]

Explanation:

1 October 2026 applies only to Ladakh and snow-bound areas of J&K, Himachal Pradesh and Uttarakhand.

4.  
According to NITI Aayog's paper released in January 2024, the share of India's population in multidimensional poverty fell:

Correct Answer: A [From 29.17% in 2013-14 to 11.28% in 2022-23]

Explanation:

PIB, 15 January 2024: 24.82 crore people escaped multidimensional poverty in nine years.

5.  
In the Index of Core Industries with base 2022-23, which item was newly added and which has the highest weight?

Correct Answer: D [Iron ore added; electricity has the highest weight]

Explanation:

Nine industries; iron ore new (4.905); electricity 30.932 is the largest weight.

6.  
PLFS Annual Report 2025 (persons 15+, usual status): LFPR 59.3% and WPR 57.4%. The unemployment rate was reported as:

Correct Answer: B [3.1%]

Explanation:

Published UR 3.1% (rural 2.4%, urban 4.8%).

7.  
Imaginary economy: GDPmp ₹ 12,000 crore, depreciation 1,000, NFIA −300, net indirect taxes 1,100. GNP at factor cost is:

Correct Answer: D [₹ 10,600 crore]

Explanation:

12,000 − 300 − 1,100 = 10,600 (gross, so depreciation stays in).

8.  
Population 15+ = 50,000; LFPR 60%; unemployment rate 4%. The number of employed persons is:

Correct Answer: A [28800]

Explanation:

LF = 30,000; unemployed 4% = 1,200; employed 28,800.

9.  
Nominal GDP rises from ₹ 500 lakh crore to ₹ 560 lakh crore while the deflator rises from 100 to 105. Real GDP growth is about:

Correct Answer: C [6.7%]

Explanation:

Real: 500 → 560/1.05 = 533.33; growth = 33.33/500 = 6.67%.

10.  
Match the followingMatch the poverty measure with its 2011-12 all-India poverty line (monthly per capita):
P. Rangarajan (rural) Q. Rangarajan (urban) R. Tendulkar method (rural)
1. ₹ 1,407 2. ₹ 816 3. ₹ 972

Correct Answer: D [P-3, Q-1, R-2]

Explanation:

Rangarajan ₹ 972 rural, ₹ 1,407 urban; Tendulkar ₹ 816 rural, ₹ 1,000 urban.

11.  
PM GatiShakti National Master Plan, launched on 13 October 2021, is best described as:

Correct Answer: A [A digital (GIS-based) platform for integrated planning of multimodal connectivity infrastructure]

Explanation:

PIB 13 Oct 2021: a national master plan bringing together 16 ministries; spatial tools by BISAG-N.

12.  
Reverse questionCensus 2011 (PIB, 30 April 2013): population grew by 17.7% in 2001–2011. The decadal growth in the previous decade (1991–2001) was:

Correct Answer: B [21.5%]

Explanation:

Growth fell from 21.5% to 17.7%.

➤ 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)
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