{"id":197237,"date":"2026-04-21T20:40:00","date_gmt":"2026-04-21T15:10:00","guid":{"rendered":"https:\/\/www.practicemock.com\/blog\/?p=197237"},"modified":"2026-04-21T14:21:20","modified_gmt":"2026-04-21T08:51:20","slug":"important-economic-terms-asked-in-ssc","status":"publish","type":"post","link":"https:\/\/www.practicemock.com\/blog\/important-economic-terms-asked-in-ssc\/","title":{"rendered":"Important Economic Terms Asked in SSC (Inflation, GDP, Repo Rate)"},"content":{"rendered":"\n

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Home<\/a><\/span> \u00bb SSC & Govt<\/a><\/span> \u00bb Important Economic Terms Asked in SSC<\/span><\/span><\/div>\n\n\n

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Does the Economics section give you a headache? Many students completely skip economics because terms like GDP, Repo Rate, and Inflation sound like an alien language. But here is the truth: SSC and Railway exams do not ask for deep college-level economics. They only ask the direct, basic meanings of these terms. If you learn these few words, you can easily secure 4 to 6 free marks in your General Awareness section. In this blog, we have decoded the most important economic terms in everyday language. Let us make economics very easy.<\/p>\n\n\n\n

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Take a Free Mock Test for the Upcoming Govt. Exams<\/strong><\/a><\/div>\n<\/div>\n\n\n\n

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1. The RBI’s Banking Rules (Monetary Policy Terms)<\/h2>\n\n\n\n

The Reserve Bank of India (RBI) is the “Papa Bank” of all banks. It controls the money in the market using some special tools. The examiner loves to ask these four terms:<\/p>\n\n\n\n

Economic Term<\/strong><\/td>Simple Meaning for Exams<\/strong><\/td><\/tr><\/thead>
Repo Rate<\/strong><\/td>When normal banks (like SBI, PNB) need a short-term loan, they borrow money from the RBI. The interest rate RBI charges them is called the Repo Rate.<\/td><\/tr>
Reverse Repo Rate<\/strong><\/td>Sometimes, normal banks have extra money. They park this extra money with the RBI. The interest rate the RBI gives them is the Reverse Repo Rate.<\/td><\/tr>
CRR (Cash Reserve Ratio)<\/strong><\/td>Every bank has to keep a small percentage of its total cash securely locked with the RBI. They cannot use this money to give loans.<\/td><\/tr>
SLR (Statutory Liquidity Ratio)<\/strong><\/td>Banks also have to keep some money safe with themselves in the form of gold or government bonds before giving loans to the public.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Exam Tip: If the RBI increases the Repo Rate, your home and car loans will become more expensive!<\/em><\/p>\n\n\n\n

2. Inflation Terms<\/h2>\n\n\n\n

You hear your parents say, “Things were so cheap in our time!” That is exactly what inflation is. Here are the top terms SSC asks from this topic:<\/p>\n\n\n\n