TODAY Indian Economics TEST-1 FREE ONLINE TEST
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1/100
Income Tax and property tax are called
Direct Taxes✔X
Indirect Taxes✔X
Utility Taxes✔X
Wealth Taxes✔X
2/100
The major source of revenue to the government is
Tax revenue✔X
Revenue from public enterprises✔X
Administrative revenue✔X
Foreign aid✔X
3/100
In a free economy inequalities of income are mainly due to
free competition✔X
private property only✔X
private property and inheritance✔X
difference in the marginal productivity of labour✔X
4/100
Land Ceiling Legislation was introduced by the State Government during the __________ plan
II nd✔X
III rd✔X
IV th✔X
Vth✔X
5/100
To which categories of rural population the IRDP directed?
Landless labourers✔X
Small and marginal farmers✔X
Rural artisans✔X
All of these✔X
6/100
What are the causes of urbanization in India?
Pressure of population in agriculture✔X
Absence of non-agricultural job in rural areas✔X
Lure of Town life✔X
All of these✔X
7/100
Public dept refers to
government’s dept✔X
private individual’s dept✔X
a firm’s debt✔X
debt of a foreign country✔X
8/100
Inflation is caused by
increase in money supply✔X
increase in production✔X
decrease in production✔X
both (A) and (C)✔X
9/100
Which of the following is the most important document of the company?
Memorandum of Association✔X
Articles of Association✔X
Prospectus✔X
Annual Report✔X
10/100
In the case of fire insurance
a fixed sum is paid at the end of the period of insurance✔X
no money is paid unless the risk happens✔X
money is paid when the event happens and the policy expires✔X
Money is paid after one month from the date of the policy✔X
11/100
Audit of Joint stock companies is conducted in order to
increase the profits✔X
increase the goodwill✔X
meet the statutory requirement✔X
satisfy the shareholders✔X
12/100
The number of subordinates who can be successfully directed by a superior is called
organising✔X
span of management✔X
delegating✔X
none of these✔X
13/100
The Industrial Finance Corporation of India provides assistance only to
large industries✔X
medium industries✔X
small scale industries✔X
government companies✔X
14/100
Job evaluation is
ranking the workers✔X
placement of workers✔X
determining and comparing the demand of the job✔X
none of these✔X
15/100
If files arranged side by side, it is called
horizontal filing✔X
vertical filing✔X
lateral filing✔X
suspension filing✔X
16/100
Vouching relates to
cash receipts✔X
cash payments✔X
credit transactions✔X
all of these✔X
17/100
Under instalment trading ownership passes to the buyer
as soon as the first instalment is paid✔X
when the last instalment is paid✔X
30 days after the last instalment is paid✔X
depending on the agreement✔X
18/100
The maximum number of partners allowed in a banking business is
10✔X
20✔X
30✔X
50✔X
19/100
Debenture holders of a company are its
Members✔X
Creditors✔X
Debtors✔X
Directors✔X
20/100
Which one of the following is correctly matched?
Delivery Order - Name of the Shipper and the Place✔X
Railway Receipt - Charter Party✔X
Way Bill - Lorry✔X
Bill of Landing - Air consignment note✔X
21/100
Consider the following statements: Co-operative organisations are non-profit making body Co-operative societies are functioning with the direction of their departments The Principles of co-operation may be contrary to the Co-operative Act some times. Co-operative Movement is the old one of the statements:
I alone is correct✔X
I and II are correct✔X
I,II and III are correct✔X
All are correct✔X
22/100
The minimum number of members in a Co-operative society in TamilNadu is
Ten✔X
Fifteen✔X
twenty✔X
Twenty-five✔X
23/100
A Bill of Exchange contains
an unconditional order✔X
a promise✔X
request to deliver goods✔X
none of these✔X
24/100
The Reserve Bank of India was started in the year
1932✔X
1935✔X
1945✔X
1950✔X
25/100
Consider the following statements: Profit is the reward for uncertainty bearing Profit is the reward for risk bearing Profit is the reward for capital Profit is the reward for labour Of the statements:
I alone is correct✔X
I and II are correct✔X
I, II and III are correct✔X
All are correct✔X
26/100
NABARD is a
Bank✔X
Bureau✔X
Board✔X
Department✔X
27/100
Match list I with list II correctly and select your answer using the codes given below: List I List II Adam Smith 1. Scarcity Marshall 2. Growth Robbins 3. Welfare Samuelson 4.Wealth
4 3 1 2✔X
3 4 2 1✔X
2 1 3 4✔X
1 2 3 4✔X
28/100
Barter System means
Direct exchange of goods for goods✔X
Direct exchange of gold✔X
Indirect exchange of goods✔X
Indirect exchange of gold✔X
29/100
Which one of the following is correctly matched?
First Plan - 1952-1957✔X
Third Plan - 1964 – 1969✔X
Sixth Plan - 1981 – 1986✔X
Eighth Plan - 1992 – 1997✔X
30/100
TRYSEM deals with the training of
Young scientists for employment✔X
Rural youth for self employment✔X
Young students for employment✔X
Young Women for employment✔X
31/100
A certain percentage of the sum assured is paid periodically according to the terms of the policy
Endowment life policy✔X
Term policy✔X
Money back policy✔X
Group insurance policy✔X
32/100
Which of the following is correctly matched?
Debenture - Interest✔X
Share - Sole trader✔X
Desposit receipt - Divident✔X
Demand Promissory Note – Share Warrant✔X
33/100
Internal trade means
Export✔X
Import✔X
Trade within the country✔X
None of these✔X
34/100
In Monopoly Pricing there will be
less competition✔X
perfect competition✔X
more competition✔X
no competition✔X
35/100
What is the life blood of commerce?
Export, Import✔X
Trade✔X
Agriculture✔X
Industry✔X
36/100
Sugar Industry can be classified under
Tiny Industry✔X
Medium Industry✔X
Agro-based Industry✔X
None of these✔X
37/100
One of the basic characteristics of an under-developed economy is
70% to 90% of the population is engaged in agriculture✔X
High rate of Investment✔X
Low population✔X
None of these✔X
38/100
The period of English Five year Plan is
1992-97✔X
1990-95✔X
1991-96✔X
1993-98✔X
39/100
UTI is associated with
Regulating Foreign Exchange Transactions✔X
Foreign Trade✔X
Road Transport✔X
Investment Trust✔X
40/100
Environomics deals with inter-relationship between environment and
Economy✔X
Development✔X
Energy✔X
Resources✔X
41/100
Food for work programme was introduced during the
Fourth Plan✔X
Fifth Plan✔X
Sixth Plan✔X
Seventh Plan✔X
42/100
The State where most people are living below poverty line is
Uttar Pradesh✔X
Tamil Nadu✔X
Orissa✔X
Bihar✔X
43/100
Overdraft facility is available for those who have
Saving Bank Account✔X
Fixed Deposit✔X
Current Account✔X
Recurring Deposit✔X
44/100
The part of capital which is not represented by assets is called
fixed Capital✔X
Working Capital✔X
Watered Capital✔X
None of these✔X
45/100
Custodian of foreign exchange is
Foreign Exchange Bank✔X
State Bank of India✔X
Foreign Bank✔X
Reserve Bank of India✔X
46/100
State Bank of India was nationalised in the year
1947✔X
1955✔X
1950✔X
1960✔X
47/100
Single entry system of book keeping means
making entry for one aspect of a transaction✔X
making entry for both aspects of a transaction✔X
incomplete double entry✔X
none of these✔X
48/100
The closing stock should be valued at
Cost Price✔X
Market Price✔X
Cost Price or Market Price whichever is lower✔X
None of these✔X
49/100
Equity shareholders are the Company’s
Owners✔X
Creditors✔X
Customers✔X
None of these✔X
50/100
The relationship between the consignor and the consignee is that of
Principal and Agent✔X
Debtor and Creditor✔X
Buyer and Seller✔X
None of these✔X
51/100
Consider the following statements: Bank accepts deposit Bank issues loans and advances Bank is one of the financial institutions Bank are working under the direction of the R.B.I. Of the statements:
I alone is correct✔X
I and II are correct✔X
I,II and III are correct✔X
All are correct✔X
52/100
The document which authorises to release of a portion of goods from the warehouse is called
Delivery order✔X
Warehouse keeper’s receipt✔X
Warehouse keeper’s warrant✔X
Railway receipt✔X
53/100
Federal Finance deals with
State finances✔X
Finances of Railways✔X
Local bodies✔X
Centre-State financial relations✔X
54/100
National income in India is computed by the
Planning Commission✔X
Finance Commission✔X
Central Statistical Organisation✔X
Ministry of Finance✔X
55/100
Saving is determined by
Capital✔X
Investment✔X
Income✔X
Trade✔X
56/100
The book planned Economy of India I 1934 was written by
Morarjee Desai✔X
Pandit Nehru✔X
M. Visweshwaraya✔X
Dr. Dadgil✔X
57/100
The Industries (Regulation and Development) Act was introduced in
1951✔X
1955✔X
1961✔X
1956✔X
58/100
National Rural Employment programme was introduced during
Fifth Five Year Plan✔X
Second Five Year Plan✔X
Third Five Year Plan✔X
Sixth Five Year Plan✔X
59/100
The author who made the statement: “Foreign trade in an engine of Growth” was
Keyanes✔X
Marshall✔X
D.H.Robertson✔X
Pigou✔X
60/100
Seasonal unemployment occurs due to
technological change✔X
seasonal variations✔X
depression✔X
inflation✔X
61/100
Jawahar Rojgar Yojana was introduced in
1975✔X
1981✔X
1965✔X
1989✔X
62/100
Which of the following are the main causes of slow growth of per capita income in India? High rate of capital formation High level of fiscal deficits High rate of growth of population High capital output ratio
I, II and III are correct✔X
III and IV are correct✔X
I,II, III & IV are correct✔X
II & IV are correct✔X
63/100
Which one of the following will directly increase GNP?
An Increase in investment✔X
A surplus budget✔X
A fall in national dept✔X
A rise in the interest rate✔X
64/100
Expenditure on defence is an item of
Public investment✔X
Private investment✔X
Private consumption✔X
Public consumption✔X
65/100
Total outlay planned for public sector during the Eighth Plan (Rs. in Crores) is
2,34,000✔X
3,34,000✔X
4,34,000✔X
5,34,000✔X
66/100
Long –terms loans in India’s Co-operative structure are extended by
Primary Co-operative Societies✔X
Central Bank✔X
State Co-operative Banks✔X
Land Development Banks✔X
67/100
The core slogan of the Seventh Plan was
food, work and productivity✔X
free education for children✔X
five percent growth rate of national income✔X
community development programmes✔X
68/100
Which of the following are among the non-Plan expenditures of the Government of India? Defence expenditures Subsides All expenditures linked with the previous plan periods Interest payment
I and II are correct✔X
I and III are correct✔X
II and IV are correct✔X
I,II, III & IV are correct✔X
69/100
India had a plan holiday between
1947 and 1951✔X
1963 and 1966✔X
1966 and 1969✔X
1971 and 1974✔X
70/100
Which sector’s contribution of National Income is declining in India in recent years?
Primary✔X
Secondary✔X
Tertiary✔X
All the above✔X
71/100
Large Scale industries are those industries where the investment on plan and machinery needed is
10 lakhs✔X
20 lakhs✔X
30 lakhs✔X
more than 35 lakhs✔X
72/100
Which of the following socio-economic factors tend to keep birth rate in India at a high level Poverty II. Joint family system III. Urbanisation IV. University of marriage Select your answer:
I & II✔X
I,II & III✔X
I,II & IV✔X
I,II,III & IV✔X
73/100
Which of the following are the cause of low productivity in Indian Agriculture? Land ceiling II. Rainfed areas III. Rural industrialisation IV. Sub-division and fragmentation of land holding Select your answer:
II & IV✔X
I & II✔X
II & III✔X
I & IV✔X
74/100
The new name of Agricultural Prices Commission is
Commission for Agricultural Costs and Prices.✔X
Agricultural Costs Commission✔X
Rural Price Commission✔X
Minimum Support Price Commission✔X
75/100
SIDCO is related to the development of
Small Industries✔X
Steel Industries✔X
Soap Industries✔X
Sugar Industries✔X
76/100
CART was set up in 1982 to
Promote apple research B✔X
improve the bullock-cart✔X
provide advanced research and training to veterinary doctors✔X
improve technology of rural industries✔X
77/100
Which of the following programmes were started during the Sixth Five Year Plan? NREP II. RLEGP III. IRDP IV. JRY Select your answer:
I & III✔X
II & IV✔X
I,II & III✔X
. I,III & IV✔X
78/100
Match List I with List II correctly and select your answer using the codes given below List I List II MRTP 1. 1951 Long term Fiscal Policy 2. 1965 Agricultural Prices Commission 3. 1970 Industries (Development and Regulation) Act 4. 1985
4 2 3 4✔X
4 3 1 2✔X
3 4 2 1✔X
2 3 4 1✔X
79/100
Match List I with List II correctly and select your answer using the codes given below: List I(Committee) List II (Purpose) Dutt 1. Industrial Licensing Committee Wanchoo Committee 2. Direct Taxes Rajamannar Committee 3. Centre-State Fiscal Relation Charkravarthy Committee 4. Monetary System
4 3 2 1✔X
1 2 4 3✔X
1 2 3 4✔X
4 1 3 2✔X
80/100
Disguised unemployment refers to
persons with on jobs✔X
more persons employed for a job which few can accomplish✔X
unemployment among women✔X
unemployment of people above 60 years of age✔X
81/100
Food for work programme was introduced during the
Fourth Plan✔X
Fifth Plan✔X
Sixth Plan✔X
Seventh Plan✔X
82/100
Which one of the following is correctly matched?
Russia - Dinar✔X
Iraq - Lira✔X
Japan - Yen✔X
Brazil - Franc✔X
83/100
The national income in India is estimated by the
Indian Standards Institution✔X
Indian Statistical Institution✔X
Central Statistical Organisation✔X
National Council of Applied Economic Research✔X
84/100
Which of the following is the largest Mutual Fund Organisation in India?
SBI Mutual Fund✔X
GIC Mutual Fund✔X
Indian Bank Mutual Fund✔X
Unit Trust of India✔X
85/100
India suffered from first oil shock in
1969✔X
1971✔X
1973✔X
1975✔X
86/100
The ‘Garibi Hatao’ Slogan was coined during the
First Plan✔X
Second Plan✔X
Third Plan✔X
Fifth Plan✔X
87/100
The open market operations refer to the sale and purchase by the RBI of
Gold✔X
Foreign Exchange✔X
Government Shares✔X
Government Securities✔X
88/100
The Dunkel Draft was first submitted in its comprehensive form for consideration in
December, 1987✔X
December, 1989✔X
December, 1991✔X
December, 1993✔X
89/100
Indian rupee was last devalued in
January, 1991✔X
March, 1991✔X
May, 1991✔X
July, 1991✔X
90/100
Which of the following factors led to the failure of the Third Plan? Chinese aggression II. Indo-Pak conflict III. Devaluation of rupee IV. Poor monsoons Select your answer
I & III only✔X
III & IV only✔X
I,II & IV only✔X
I,II, III & Iv✔X
91/100
Which of the following features of Indian Economy cause problems in the measurement at national income? Illiteracy II. Rapid growth of public sector III. Non-monetised consumption in the villages IV. People holding multiple jobs. Select your answer:
I & II✔X
I,III & IV✔X
I,II & III✔X
II,III & IV✔X
92/100
The purpose of the tenancy reform legislation was to Chinese aggression II. Indo-Pak conflict III. Devaluation of rupee IV. Poor monsoons Select your answer
I & III only✔X
III & IV only✔X
I,II& IV only✔X
I,II,III&IV✔X
93/100
Per capita income has been the highest so far in
Maharashtra✔X
Tamil Nadu✔X
Punjab✔X
West Bengal✔X
94/100
The major factor that determines industrial productivity is
Technological✔X
Financial✔X
Natural✔X
Managerial✔X
95/100
The important factor that hinders industrialization in underdeveloped countries is
Political policy✔X
Public administration✔X
Economic environment✔X
International forces✔X
96/100
The important factor responsible for low productivity in agriculture is
demographic factor✔X
technological factor✔X
institutional factors✔X
structural factor✔X
97/100
A noticeable feature of our industrial development has been the
growth of small scale sector✔X
establishment of Iron and Steel Industries✔X
creation of employment opportunities✔X
growth of public sector✔X
98/100
The most important source of energy in India is
Nuclear energy✔X
Petroleum✔X
Coal✔X
Hydro-electricity✔X
99/100
The backbone of all economic activities is
Agriculture✔X
Finance✔X
Industry✔X
Education✔X
100/100
The most rigidly government controlled industry in India is
Cement✔X
Sugar✔X
Cotton✔X
Paper✔X
This quiz has been created using the tool tnpsc Quiz Generator
For more test:-
INDIAN POLITY FREE ONLINE TEST-ATTEND
INDIAN HISTORY FREE ONLINE TEST-ATTEND
Tnpsc Unit 8&9-online test -ATTEND
We have to upload tnpsc online test series for tnpsc exams like Group 1, group2, group 4, TNUSRB constable and SI, TN Forest, Railway, Bank, All government exams. Make use of this tnpsc test series daily and this will surely helpful for your dreams to true.
All the best
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