48000+ Important MCQs for SSC

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48000+ MCQs for SSC are available here. You can learn these questions for your better preparation. Questions are available with its correct answer. You can check the correct answer of any questions by clicking the option or show answer button.
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📊 Economic
Q. Which from the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states?
  • (A) Taxes on Advertisement
  • (B) Stamps and Registration
  • (C) Expenditure Tax and Gift Tax
  • (D) Additional Duties of Excise in lieu of Sales Tax
💬 Discuss
✅ Correct Answer: (A) Taxes on Advertisement
📊 Economic
Q. Which from the following sets belongs to Central tax?
  • (A) Custom duty, Entertainment tax and Income tax
  • (B) Income tax, Custom duty and House tax
  • (C) Excise duty, Custom duty and Income tax
  • (D) Excise duty, Sales tax and Custom duty
💬 Discuss
✅ Correct Answer: (C) Excise duty, Custom duty and Income tax
📊 Economic
Q. Disinvestment in Public Sector is called
  • (A) Privatisation
  • (B) Industrialisation
  • (C) Globalisation
  • (D) Liberalisation
💬 Discuss
✅ Correct Answer: (A) Privatisation
📊 Economic
Q. Rate of interest is determined by
  • (A) Central Government
  • (B) Commercial Banks
  • (C) Liquidity preference
  • (D) The rate of return on the capital invested
💬 Discuss
✅ Correct Answer: (B) Commercial Banks
📊 Economic
Q. The Government set up a committee headed by the Chairman, Central Board of Direct Taxes some time back to go into-
  • (A) Codification of tax laws
  • (B) The concerns of the foreign investors in India with regard to taxation matters
  • (C) The entire structure of tax laws including the question of imposition of bank tax
  • (D) Aspects of generation of black money, its transfer abroad and bringing back such money into India’s legitimate financial system
💬 Discuss
✅ Correct Answer: (D) Aspects of generation of black money, its transfer abroad and bringing back such money into India’s legitimate financial system
📊 Economic
Q. Which from the following is a part of tertiary sector?
  • (A) Power and transportation
  • (B) Cultivation of crops
  • (C) Animal Husbandry
  • (D) Super-normal rent
💬 Discuss
✅ Correct Answer: (A) Power and transportation
📊 Economic
Q. A mixed economy refers to an economic system where
  • (A) Only the private sector operates under government control
  • (B) The economy functions with foreign collaboration
  • (C) Both the government and the private sectors operate sectors operate simultaneously
  • (D) No foreign investment is allowed
💬 Discuss
✅ Correct Answer: (C) Both the government and the private sectors operate sectors operate simultaneously
📊 Economic
Q. A Black Market is a situation wherein
  • (A) Goods are sold secretly
  • (B) Goods are loaded by the producers
  • (C) Goods are made available (sold) only after there is a rise in prices
  • (D) Goods are sold at prices higher than what is fixed by the Government
💬 Discuss
✅ Correct Answer: (A) Goods are sold secretly
📊 English
Q. One word substitution for-
One who knows everything
  • (A) Literate
  • (B) Scholar
  • (C) Omnipotent
  • (D) Omniscient
💬 Discuss
✅ Correct Answer: (D) Omniscient
📊 English
Q. One word substitution for-
Detailed plan of journey
  • (A) Travelogue
  • (B) Travel kit
  • (C) Schedule
  • (D) Itinerary
💬 Discuss
✅ Correct Answer: (D) Itinerary

You are learning MCQ Questions of SSC Department : 95 | Page : 13

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