FAQs on ECONOMICS FOR SSC CGL | DIFFERENT LAWS AND REVOLUTIONS | SSC CGL 2017 STRATEGY AND PREPARATION |

Question 1

1. What is the significance of economics in the SSC CGL exam?

Accepted Answer

Ans. Economics is an important subject in the SSC CGL exam as it helps candidates understand the principles of production, distribution, and consumption of goods and services. It also covers topics like national income, inflation, monetary policy, and economic development, which are frequently asked in the exam.

Question 2

2. What are some of the key laws and revolutions related to economics that SSC CGL candidates should be familiar with?

Accepted Answer

Ans. SSC CGL candidates should be familiar with laws like the Law of Demand, Law of Supply, and Law of Diminishing Marginal Utility. They should also have knowledge about revolutions like the Industrial Revolution, Green Revolution, and Digital Revolution, as these concepts are often asked in the exam.

Question 3

3. How can candidates prepare for the economics section of SSC CGL 2017?

Accepted Answer

Ans. Candidates can start by thoroughly studying the basic concepts of economics, such as demand, supply, and market equilibrium. They should also focus on important topics like national income accounting, inflation, and monetary policy. Practicing previous year question papers and taking mock tests will also help in understanding the exam pattern and improving time management skills.

Question 4

4. What are some government jobs that require knowledge of economics?

Accepted Answer

Ans. Some government jobs that require knowledge of economics include positions in the Reserve Bank of India (RBI), Ministry of Finance, Planning Commission, and National Sample Survey Office (NSSO). These jobs often involve tasks related to economic analysis, policy formulation, and data interpretation.

Question 5

5. Can you provide examples of frequently asked questions in the economics section of SSC CGL exam?

Accepted Answer

Ans. Sure, here are some examples of frequently asked questions in the economics section of the SSC CGL exam:1. What is the concept of GDP and how is it calculated?2. Explain the difference between fiscal policy and monetary policy.3. What are the main causes of inflation and how can it be controlled?4. Discuss the role of the Reserve Bank of India in the Indian economy.5. What are the objectives of the Five Year Plans in India?

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