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Nature of Indian Economy TNPSC Group 1 Questions
TNPSC Group 1 SYLLABUS
Indian Economy
Nature of Indian Economy
Five Year Plan Models-An Assessment
Planning Commission and Niti Ayog
Sources of revenue
Reserve Bank of India
Fiscal Policy and Monetary Policy
Finance Commission
Resource sharing between Union and State Governments
Goods and Services Tax
Structure of Indian Economy and Employment Generation
Land reforms and Agriculture
Application of Science and Technology in agriculture
Industrial growth
Rural welfare oriented programmes
Social problems-Population, education, health, employment, poverty
Nature of Indian Economy MCQ Questions
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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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Error
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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Error
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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Error
ANSWER
:
B. Socialist Economy
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