Nature of Indian Economy TNPSC Group 1 Questions

Indian Economy

Nature of Indian Economy MCQ Questions

7.
Mixed Economy means
A.
Collaboration with a foreign country
B.
Giving equal opportunity to both private and public sectors
C.
Participation of labour
D.
Giving equal importance of agriculture and industry
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ANSWER :
B. Giving equal opportunity to both private and public sectors
8.
In the recent years, the Indian economy has been characterised as a
A.
Backward economy
B.
developed economy
C.
developing economy
D.
industrial economy
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ANSWER :
C. developing economy
9.
When was the first economic census Covering Non-Agricultural sector taken in India?
A.
1980
B.
1977
C.
1951
D.
1961
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ANSWER :
B. 1977
10.
Macro Economics is a
A.
Branch in Engineering
B.
Industry-related data
C.
study of Economics of large
D.
units
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ANSWER :
C. study of Economics of large
11.
Economic Planning refers to
A.
The mobilisation of taxes
B.
the allocation of resources
C.
the planning of manpower
D.
the mobilisation of both taxes and manpower
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ANSWER :
B. the allocation of resources
12.
Which of the following is used for measuring the economic growth of a country?
A.
National Income, indicated by Gross Domestic Product (GDP)
B.
Per Capita gross national product at current prices
C.
Total real gross national product at current prices
D.
Total gross national product over a period of time
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ANSWER :
A. National Income, indicated by Gross Domestic Product (GDP)