TODAY Indian Economics FREE ONLINE TEST
TEST-1-ATTEND
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
TEST-1-ATTEND
1/100
The basic characteristics of an underdeveloped economy is
unemployment✔X
low productivity✔X
low per capita income✔X
high illiteracy level✔X
2/100
Uncertain income in any enterprise is
rent✔X
wages✔X
interest✔X
profit✔X
3/100
The volume of Savings in a country depends upon the level of
natural wealth✔X
national income✔X
development of industries✔X
employment✔X
4/100
The per capita income is
National income X population✔X
population/(National Income)✔X
(National Income)/Population✔X
none of these✔X
5/100
The second nationalization of banks took place in India in the year
1969✔X
1979✔X
1975✔X
1980✔X
6/100
Consider the following statements: Assertion(A): India is one of the leading Industrial countries the developing countries. Reason(R): Government of India has neglected altogether the traditional craft Industries. Now select your answer using the codes scheme given below:
Both (A) and (R) are true and (R) is the correct explanation of (A)✔X
Both (A) and (R) are true and (R) is not the correct explanation of (A)✔X
(A) is true but (R) is false✔X
(A) is false but (R) is true✔X
7/100
“FERA” stands for
Foreign Exchange Regulation Act✔X
Foreign Exchange Restrictions Act✔X
Foreign Exchange Reserve Act✔X
All of these✔X
8/100
“Economic Planning” refers to
increasing the tax revenue✔X
allocation of resources✔X
proper planning to utilize manpower✔X
exploitation of tax revenue and manpower✔X
9/100
The total number of nationalized banks in India is
14✔X
16✔X
17✔X
20✔X
10/100
Octrol refers to
Tax✔X
Agriculture✔X
Industry✔X
none of these✔X
11/100
The committee on the Financial System to trace the ills of public sector banks was headed by
Dr. Man Mohan Singh✔X
Dr. Ranganathan✔X
Dr. Narasimha✔X
Dr. Raja Chelliah✔X
12/100
The main and final aim of Land Reform is
abolition of intermediaries✔X
fixing ceiling on land holding✔X
fixation of fair rent✔X
making tillers as the owners of the soil✔X
13/100
What is the target growth rate as envisaged in the Ninth Five Year Plan?
5.5%✔X
6%✔X
7%✔X
8%✔X
14/100
Ninth Five Year Plan period is between
1996 – 2001✔X
1997 – 2002✔X
1998 – 2003✔X
1999 - 2004✔X
15/100
Human Resource Development was recognized as the core of all developmental efforts in
the Second Five Year Plan✔X
the Fifth Five Year Plan✔X
the Sixth Five Year Plan✔X
the Eighth Five Year Plan✔X
16/100
Which is not related to Industries?
SIPCOT✔X
CIPKO✔X
TANSITIA✔X
SIDCO✔X
17/100
Which is not a fibre material?
Jute✔X
Silk✔X
Flax✔X
Rubber✔X
18/100
In India, Policy of Population Control was introduced in
1951✔X
1961✔X
1971✔X
1947✔X
19/100
National Income is
income of the Central Government✔X
income of the Central and State Government✔X
total of factor incomes✔X
profits of the public sectors✔X
20/100
A serious effort to tackle the problem of poverty began with
First Five Year Plan✔X
Second Five Year Plan✔X
Fourth Five Year Plan✔X
Seventh Five Year Plan✔X
21/100
In which plan was the growth rate target exceeded?
First✔X
Second✔X
Sixth✔X
Seventh✔X
22/100
Consider the following statements: Assertion(A): Indian Economy is a developing economy Reason(R): India has disguised unemployment
Both (A) and (R) are true and (R) is the correct explanation of (A)✔X
Both (A) and (R) are true and (R) is not the correct explanation of (A)✔X
(A) is true but (R) is false✔X
(A) is false but (R) is true✔X
23/100
Reserve Bank of India issues all currency notes except
one-rupee note✔X
two-rupee note✔X
five-rupee note✔X
ten-rupee note✔X
24/100
The Central Bank of our country is the
Reserve Bank of India✔X
State Bank of India✔X
Central Bank of India✔X
Indian Bank✔X
25/100
Consignment account is the nature of
real account✔X
personal account✔X
nominal account✔X
profit and loss account✔X
26/100
“Grapevine” is a term used in relation to
formal communication✔X
informal communication✔X
both formal and informal communication✔X
informal motivation✔X
27/100
“Horlicks” is a __________ name.
material✔X
brand✔X
institution✔X
company✔X
28/100
Advertising creates a
brand loyalty✔X
quality of the product✔X
purchasing capacity✔X
none of these✔X
29/100
Match List I with List II correctly and select your answer using the codes given below: List I List II Inflation 1. Controlled inflation Deflation 2. Money supply increases Stag flation 3. Money supply decreases Reflation 4. Rise in price without growth
4 1 2 3✔X
1 2 3 4✔X
2 3 4 1✔X
3 4 1 2✔X
30/100
Consider the following statements: means Voluntary Disclosure of Income Scheme was introduced in 1997 helped the tax evaders to declare undisclosed income of over Rs.33,000 crores. helped the Government to get a tax of more than Rs. 10,050 crores
I and II are correct✔X
I,II and III are correct✔X
I,III and IV are correct✔X
All are correct✔X
31/100
All losses and expenses are
debited✔X
credited✔X
both debit and credit✔X
no entry✔X
32/100
The basic function of an economy is
consumption✔X
production✔X
investment✔X
all these✔X
33/100
Consider the following statements: Assertion(A): Demand curve normally slopes down wards. Reason(R): Demand for goods increases when price increases.
Both (A) and (R) are true and (R) is the correct explanation of (A)✔X
Both (A) and (R) are true and (R) is not the correct explanation of (A)✔X
(A) is true but (R) is false✔X
(A) is false but (R) is true✔X
34/100
Black money refers to
paper money which is black in colour✔X
money earnings from business✔X
unaccounted money✔X
none of these✔X
35/100
Recent Tax reforms in India are based on the
Rajah J.Chelliah Committee report✔X
Chocksi Committee report✔X
Wanchoo Committee report✔X
Raj Committee report✔X
36/100
Dunkel proposal is related to
patent right✔X
fundamental right✔X
human right✔X
none of these✔X
37/100
The programme IRDP is connected with
Industry✔X
Transport✔X
Villages✔X
Trade✔X
38/100
The period of Ninth Five Year Plan is
1997-2002✔X
1996-2001✔X
1998-2003✔X
1999-2004✔X
39/100
Expenditure on defence is an item of
Public welfare investment✔X
Security of the nation✔X
Government’s duty✔X
Development✔X
40/100
When did RBI become a state owned institution?
1947✔X
1949✔X
1952✔X
1956✔X
41/100
Consumers surplus is
Surplus consumer✔X
Consumers surplus profit✔X
Surplus product✔X
Surplus satisfaction✔X
42/100
Free trade zone is
Kandla port✔X
Mumbai port✔X
Vishakhapatnam port✔X
Cochin port✔X
43/100
National Renewel Fund was constituted in
1990✔X
1992✔X
1994✔X
1996✔X
44/100
The item that earns the maximum foreign exchange for India is
leather and leather goods✔X
spices✔X
medicines✔X
rice✔X
45/100
SIDCO was established in
1950✔X
1952✔X
1954✔X
1956✔X
46/100
Fourth Five Year Plan period was
1966-71✔X
1968-73✔X
1969-74✔X
1970-75✔X
47/100
Consider the following statements: India is a developing economy India is the second stage of demography India ranks second among the highly populated countries India stands first in Industrial production.
I alone is correct✔X
I and II alone is correct✔X
I,II and III are correct✔X
All are correct✔X
48/100
Match List I with List II correctly and select your answer using the codes given below: List I List II Adam Smith 1. Rent Marshall 2. Employment Ricardo 3. Wealth Keynes 4. Equilibrium
1 2 3 4✔X
2 1 4 3✔X
4 2 1 3✔X
3 4 1 2✔X
49/100
Some portion of the capital which can be called up only on the winding up of accompany is called
paid up capital✔X
called up capital✔X
reserve capital✔X
capital reserve✔X
50/100
The minimum number of members who must be present for transacting the business at a meeting is called
Proxy✔X
Motion✔X
agenda✔X
Quorum✔X
51/100
Consolidation of two or more existing companies into one is known as
Absorption✔X
Liquidation✔X
Reconstruction✔X
Reconstruction✔X
52/100
Tax clearance certificate is required for
starting new business✔X
a person leaving India✔X
any auditor to practice income tax✔X
any assessor who wants to escape tax✔X
53/100
Bank Reconcilation Statement is
apart of the cash book✔X
a leader account✔X
a part of the Bank Account✔X
a statement prepared to find out the causes for difference between bank column of cash book and pass book✔X
54/100
Net working capital is represented by
total assets minus current liabilities✔X
fixed assets minus current assets✔X
current assets minus current liabilities✔X
cash in hand and stock in trade✔X
55/100
Double entry system of book keeping means
entry in two sets of books✔X
entry for two aspects of the transaction✔X
entry on two dates✔X
entry of two transactions✔X
56/100
Rs. 500/- paid as wages for erecting a machine should be debited to
Wages Account✔X
Profit and Loss account✔X
Machinery Account✔X
Cash account✔X
57/100
Registration is compulsory in the case of
partnership firm✔X
sole traders✔X
company✔X
none of these✔X
58/100
On receipt of which certificate, a private limited company can come into existence?
Initial permission✔X
Certificate of incorporation✔X
Minimum subscription✔X
Bank loans✔X
59/100
Consider the following statements Assertion(A): Government Companies are preparing Balance Sheet every year perfectly. Reason(R): Double entry system are adopted
Both (A) and (R) are true and (R) is the correct explanation of (A)✔X
Both (A) and (R) are true and (R) is not the correct explanation of (A)✔X
(A) is true but (R) is false✔X
(A) is false but (R) is true✔X
60/100
Which of the following is correctly matched?
Producers Co-operative - Loans at lesser interest rate✔X
Consumer Co-operative - Act at district level✔X
Central Co-operative Bank – Get good price✔X
Aims of Co-operative – Each one for every body and everyone for each✔X
61/100
Match List I with List II correctly and select your answer using the codes given below: List I List II Goodwill 1. Trading account Purchaser 2. Balance sheet Real account 3. Profit and loss account Rent paid 4. Relating to properties and assets of a concern
2 1 4 3✔X
1 4 3 2✔X
2 1 3 4✔X
1 3 2 4✔X
62/100
The first annual general body meeting of a company must be held within
12 months of incorporation✔X
15 months of incorporation✔X
18 months of incorporation✔X
21 months of incorporation✔X
63/100
The written record of the business done at a meeting is called
Agenda✔X
Notice✔X
Resolution✔X
Minutes✔X
64/100
The liability of a partner in a partnership firm is
Limited✔X
unlimited✔X
Joint liability✔X
none of these✔X
65/100
Goodwill, Patent, Copyright, Trade Mark are
Fixed Assets✔X
Intangible Assets✔X
Floating Assets✔X
Fictitious Assets✔X
66/100
Debenture holders are the company’s
Owners✔X
Creditors✔X
Customers✔X
none of these✔X
67/100
Industrial Finance Corporation of India was setup in the year
1936✔X
1948✔X
1950✔X
1956✔X
68/100
The present minimum investment limit for small scale industries is
Rs. 60 lakhs✔X
Rs. 3 crores✔X
Rs. 1 Crore✔X
Rs. 2 crores✔X
69/100
FERA is now changed to FEMA, it is
Foreign Exchange Management Action✔X
Foreign Exchange Management Act✔X
Foreign Exchange Marketing Act✔X
all of these✔X
70/100
Which of the following is not a direct tax?
Income Tax✔X
Wealth Tax✔X
Sales Tax✔X
Estate Tax✔X
71/100
Stock in trade is a
current asset✔X
Fictitious asset✔X
Intangible asset✔X
Fixed asset✔X
72/100
An auditor is like a
Mad dog✔X
Watch dog✔X
Thirsty dog✔X
Sniffy dog✔X
73/100
Companies Act was passed in the year
1947✔X
1956✔X
1960✔X
1975✔X
74/100
Management is
an art✔X
a science✔X
both an art and a science✔X
neither art nor science✔X
75/100
India earns maximum foreign exchange from
coffee✔X
Tea✔X
Sugar✔X
rubber✔X
76/100
Custodian of foreign exchange is
Foreign Exchange Bank✔X
State Bank of India✔X
Foreign Bank✔X
Reserve Bank of India✔X
77/100
The main object of packaging is
to attract the consumers✔X
to reduce the price✔X
to prevent the damage✔X
to increase the sales✔X
78/100
Which of the following is correctly matched?
Debenture - Interest✔X
Share - Sole trader✔X
Deposit receipt - Dividend✔X
Promissory note - Share warrant✔X
79/100
Match List I with List II correctly and select your answer the codes given below List I List II Cash book 1. Cheque Endorsement 2. Subsidiary book Noting charges 3. Reserve Bank of India Lender of last resort 4. Dishonor of bills of exchange
4 3 2 1✔X
1 2 4 3✔X
2 1 4 3✔X
1 2 3 4✔X
80/100
The on going Five Year Plan is
9th Plan✔X
10th Plan✔X
8th Plan✔X
7th Plan✔X
81/100
Consolidation is the means to check
inequality of income✔X
subdivision of land✔X
fragmentation of land✔X
subdivision and fragmentation of land✔X
82/100
Which one of the following is correctly matched?
Adam Smith - Wealth✔X
Marshall - Scarcity✔X
Robbins - Welfare✔X
Samuelson - Production✔X
83/100
Long-term lending market is called
Money Market✔X
Capital Market✔X
Loan Market✔X
International Market✔X
84/100
Dumping is a form of
Product differentiation✔X
Sales promotion✔X
Price discrimination✔X
Perfect competition✔X
85/100
The Liquidity preference Theory is introduced by
Marshall✔X
Adam Smith✔X
J.B.Say✔X
Keynes✔X
86/100
In the case of inferior good
demand increases with a fall in price✔X
demand decreases with a fall in price✔X
demand decreases with a rise in price✔X
none of these✔X
87/100
Inspite of the three fold increase in food production, self sufficiency and freedom from hunger has not been achieved in India. Which of the following reasons are for it? Green Revolution has been restricted to small pockets The cost of food is very high compared to the earnings of the poor Too much emphasis is laid on the wheat and paddy production. The gains of Green Revolution have largely accured to the cash crop rather than food crops. Of these
I,II, III are correct✔X
I,II,IV are correct✔X
I,III, IV are correct✔X
II,III,IV are correct✔X
88/100
Draft Five Year Plans are finally approved by
The President✔X
National Development Council✔X
The Parliament✔X
Planning Commission✔X
89/100
Find the odd one out
IDBI✔X
IFC✔X
RBI✔X
ICICI✔X
90/100
Which technique of production is preferable to India?
Labour- intensive technique✔X
Capital-intensive technique✔X
Both (A) and (B)✔X
none of these✔X
91/100
The non-tax revenues accrue from
Interest receipt✔X
Currency and limit✔X
Irrigation, electricity, public works✔X
All of these✔X
92/100
The biggest public sector undertaking in India is
Indian Railways✔X
ONGC✔X
LIC of India✔X
HMT✔X
93/100
Consider the following statements: India has an unfavourable balance of trade Indian exports are increasing Indian imports exceed its exports India ranks first among the industrialized countries. Of the statements
I alone is correct✔X
I and III are correct✔X
II and IV are correct✔X
All are correct✔X
94/100
Consider the following statements: Assertion(A): There is a huge gap between the haves and the have-nots in India. Reason(R): This is mainly due to the law of inheritance which permits the property of the parents to be inherited by their children. Of the statements
Both (A) and (R) are true and (R) is the correct explanation of (A)✔X
Both (A) and (R) are true and (R) is not the correct explanation of (A)✔X
(A) is true but (R) is false✔X
(A) is false but (R) is true✔X
95/100
Match List I with List II correctly and select your answer using given below: List I List II Exim Bank 1. 1970 Industrial Policy 2. Export and Import Bank Population Policy 3. 1956 Industrial Licensing Policy 4. 1976
2 3 4 1✔X
3 2 1 4✔X
2 3 1 4✔X
3 1 2 4✔X
96/100
Consider the following statements: Population growth increases per capita income Population growth results in mass unemployment Population growth would be an obstacle to economic development Population growth increases the standard of living Of the statements:
I alone is correct✔X
II and IV are correct✔X
II and III are correct✔X
I, II and III are correct✔X
97/100
Indian economy is
capitalistic economy✔X
socialistic economy✔X
mixed economy✔X
none of these✔X
98/100
Match List I with List II correctly and select your answer using the codes given below: List I List II IRDP 1. Population control Family welfare measures 2. Trade union Demand for wages 3. Under development Low per capita income 4. Rural development
3 2 1 4✔X
2 3 1 4✔X
4 1 2 3✔X
1 3 2 4✔X
99/100
Which of the following is the name of an economist?
Thomas Alva Edison✔X
Marconi✔X
Paul Samuelson✔X
John Higgins✔X
100/100
Bhagawati committee on unemployment was set up in?
1972✔X
1970✔X
1968✔X
1975✔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
0 comments :
Post a Comment