Nature of Indian Economy TNPSC Group 1 Questions

Indian Economy

Nature of Indian Economy MCQ Questions

1.
Indian economy is more appropriately described as a ______economy
A.
Capitalist
B.
mixed
C.
socialist
D.
agricultural
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ANSWER :
B. Mixed
2.
Which of the following is at present the largest power using sector of the indian economy?
A.
Domestic consumers and street lighting
B.
Transport and Communication,including Railways
C.
industry
D.
Agriculture
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ANSWER :
C. Industry
3.
The backbone of all economic activities is
A.
agriculture
B.
finance
C.
Industry
D.
Education
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ANSWER :
A. Agriculture
4.
Which of the following statements indicatemost that indian economic system is under-developed?
A.
Government gets more income by indirect taxes
B.
Unequal distribution of National income
C.
Agricultural production is the main source of National Income
D.
Cottage and small scale industries are responsible for most of her industrial output
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ANSWER :
A. Government gets more income by indirect taxes
5.
Laissez-fair policy refers to
A.
Trade policy
B.
Non Commercial Policy
C.
Policy of Non interference by the Govt. in economic affairs
D.
Commercial policy
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ANSWER :
C. Policy of Non interference by the Govt. in economic affairs
6.
Economic planning is an essential feature of
A.
Mixed Economy
B.
Socialist Economy
C.
Dual Economy
D.
Capitalist Economy
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ANSWER :
B. Socialist Economy