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SSC CHSL Economy Questions

4 questions on Economy for SSC CHSL. Each comes with the correct answer and a worked explanation.

Questions
4
Moderate
4

Economy questions with solutions

Q1.EconomyModerate

In which year was the Reserve Bank of India established?

  1. (A)1921
  2. (B)1947
  3. (C)1949
  4. (D)1935
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Correct answer: (D) 1935

The Reserve Bank of India was established on 1 April 1935 under the RBI Act, 1934, and was nationalised in 1949. Hence, '1935' is the correct answer among the given options.

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Q2.EconomyModerate

Who is the ex-officio Chairperson of NITI Aayog?

  1. (A)The President of India
  2. (B)The Prime Minister of India
  3. (C)The Finance Minister
  4. (D)The Governor of the RBI
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Correct answer: (B) The Prime Minister of India

NITI Aayog, which replaced the Planning Commission in 2015, is chaired by the Prime Minister of India. Hence, 'The Prime Minister of India' is the correct answer among the given options.

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Q3.EconomyModerate

Where is the headquarters of the Reserve Bank of India located?

  1. (A)New Delhi
  2. (B)Chennai
  3. (C)Mumbai
  4. (D)Kolkata
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Correct answer: (C) Mumbai

The central office of the RBI was initially set up in Kolkata and was permanently moved to Mumbai in 1937. Hence, 'Mumbai' is the correct answer among the given options.

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Q4.EconomyModerate

Which of the following is a direct tax?

  1. (A)Income tax
  2. (B)Excise duty
  3. (C)Customs duty
  4. (D)Goods and Services Tax
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Correct answer: (A) Income tax

A direct tax is paid directly to the government by the person on whom it is imposed; income tax is the most common example. Hence, 'Income tax' is the correct answer among the given options.

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Frequently asked questions

How many SSC CHSL Economy questions can I practise here?

4 questions — 4 moderate. 4 are shown on this page with answers and explanations, and the practice set draws from all of them.

How should I practise Economy for SSC CHSL?

Read through a few solved questions first to see the method, then take a timed practice set. Afterwards, check which questions you got wrong or spent longest on and redo those before moving on.