Nature of Indian Economy TNPSC Group 1 Questions

Indian Economy

Nature of Indian Economy MCQ Questions

13.
Which of the following is a non-economic determinant of economic growth ?
A.
Capital formation
B.
entrepreneurial ability
C.
technological advance
D.
social institutions
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ANSWER :
D. social institutions
14.
Octroi refers to
A.
Tax
B.
Agriculture
C.
Industry
D.
none of these
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ANSWER :
A. Tax
15.
In a developing economy, ___________ plays a role
A.
no taxation
B.
regressive taxation
C.
progressive taxation
D.
proportional taxation
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ANSWER :
C. progressive taxation
16.
What are the hurdles in the growth of Indian Economy?
A.
Laziness
B.
Lack of technical Knowledge
C.
Population, inadequate oversease trade
D.
Lack of experience
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ANSWER :
C. Population, inadequate oversease trade
17.
One of the basic characteristics of an under-developed economy is
A.
70% to 90% of the population is engaged in agriculture
B.
High rate of investment
C.
Low Population
D.
None of these
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ANSWER :
A. 70% to 90% of the population is engaged in agriculture
18.
The modern State is
A.
Laissez-faire state
B.
Aristocratic state
C.
Welfare State
D.
Industrial state
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ANSWER :
C. Welfare State