TODAY Indian Economics FREE ONLINE TEST
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1/50
The special Economic Zones Act was enacted in February 2006. Identify which is not the objective of the SEZ?
Generation of additional economic activity✔X
Promotion of import✔X
Creation of employment opportunities✔X
Development of infrastructure facilities✔X
2/50
Consider the Statement and Reason , choose the correct answer from the codes given below. Assertion(A): The Ratnakar Bank is referred to as NH4 Bank in the banking circles. Reason(R): Majority of the business of the Bank comes from cities in and around NH4, which connects 10 popular cities.
Both (A) and (R) are correct, (R) is the correct explanation of (A)✔X
(A) is true (R) is false✔X
(A) is true, (R) is not the correct explanation of (A)✔X
Both (A) and (R) are false✔X
3/50
How many major Indian private banks have been nationalized in 1969 during Indira Gandhi’s regime?
10✔X
11✔X
14✔X
20✔X
4/50
Foreign aid can perform the following gap filling functions in UDCs. Savings gap Foreign Exchange gap Technological and Management gap Natural Resource gap
2 and 3✔X
1, 2 and 3✔X
1 and 2✔X
2 only✔X
5/50
The growth of which one of the following remains an important objective and necessary condition for inclusive growth?
Agriculture and allied sectors✔X
Industrial sector✔X
Services sectors✔X
External sector✔X
6/50
Dunkel proposal was related to
GATT✔X
UNO✔X
IMF✔X
IBRO✔X
7/50
Consider the following statements. Statement I : Gross National Product will always be more than the GDP. Statement II: To get GNP, net factor income from abroad is added to GDP. Find the correct answer:
Both statements are individually true and statement II is the correct explanation of statement I.✔X
Both the statements are individually true, but statement II is not correct explanation of Statement I✔X
Statements I is true, but Statement II is false✔X
Statements I is false, but Statement II is true✔X
8/50
Consider the following statement: Assertion (A): Price policy aims at controlling fiscal deficit. Reason (R): Fiscal deficit leads to inflationary pressure. Which is correct answer?
(A) is correct but (R) is wrong✔X
(A) is wrong but (R) is correct✔X
Both (A) and (R) are wrong✔X
(A) and (R) are correct and (R) is the correct explanation of (A)✔X
9/50
Which of the following state has the highest average growth rate in per capita Domestic Product in 2009-10 at 2004-05 prices?
Bihar✔X
Tamil Nadu✔X
Gujarat✔X
Kerala✔X
10/50
Which of the following is correctly matched First Finance Commission - Chairman K. Santhanam Second Finance Commission – Chairman K.C. Neogy Third Finance Commission – Chairman A.K. Chandra Fourth Finance Commission – Chairman K. Brahmanand Reddy
I✔X
II✔X
III✔X
IV✔X
11/50
West Bengal’s move of giving protection to share croppers is known as
Operation Barga✔X
Green Operation✔X
White Revolution✔X
Operation Blue Star✔X
12/50
Who has given the alternative approach to Indian Planning at the time of the formulation of the Second Five Year Plan?
P.C. Mahalanobis✔X
C.N. Vakil and P.R. Brahmananda✔X
Nurkse✔X
Schumpeter✔X
13/50
Which of the following is/are recommended for reducing inflation? Demand Management measures Supply Management measures Adjustment in trade and tariff policies
I only✔X
I and II✔X
I, II and III✔X
III only✔X
14/50
Name the committee emphasized the need for substantial disinvestment in India in Public Sector Enterprises
Rangarajan Committee✔X
Arjun Sengupta Committee✔X
Tarapore Committee✔X
Narasimham Committee✔X
15/50
Which of the following is correctly matched? Dual price - Govt. and Private prices PDS - Consumer Protection Administered price - Controlled price Fiscal Policy - Bank administration
I only✔X
II only✔X
I, II and II✔X
IV only✔X
16/50
Consider the following statement. Choose the correct answer from the codes given below: Assertion(A): Budget deficit is a serious concern. Reason(R): Budget deficit leads to higher rate of growth of money supply
Both (A) and (R) are individually true and (R) is the correct explanation of (A)✔X
Both (A) and (R) are individually true but (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
17/50
Which of the following name represents this definition given below? “As the cost if the commodity increases the price of the commodity increases”
cost-push inflation✔X
demand – pull inflation✔X
mark-up inflation✔X
creeping inflation✔X
18/50
Consider the following statements: Share of agriculture and allied activities in GDP at current pries (99-2000) decreased from 30% to 20% (2007). Persons working in usual principal and subsidiary status increased from 57% to 64% in agriculture (2007). 3/5th of work force is still dependent on agricultural sector. Gini coefficient computation shows that in equality has increased from 0.43 to 0.48 (2007). Choose the correct answer:
I and III are true✔X
I, III and IV are true✔X
I and II are true✔X
All four statements are true✔X
19/50
Between the years 1981 to 2008, the share of value of agricultural output indicates a decline in share of cereals an increase in the share of pulses an increase in the share of fruits and vegetables overall increase in oil seeds share value Select the correct answer using the code given below
I only✔X
I and III only✔X
I, III and IV only✔X
I, II , III and IV✔X
20/50
Consider the following statement. Choose the correct answer from the codes given below: Assertion(A): There is a decline in economic activity during recession. Reason(R): A sharp decrease in the growth rate of money supply most likely causes a decline in economic activity.
Both (A) and (R) are individually true but (R) is not the correct explanation of (A)✔X
Both (A) and (R) are individually true and (R) can be correct explanation of (A)✔X
(A) is true but (R) is false✔X
(A) is false but (R) is true✔X
21/50
Order the following states according to the agricultural Income Tax they paid
Assam, Jammu and Kashmir , Mysore , TamilNadu, West Bengal✔X
Jammu and Kashmir, Assam, TamilNadu, West Bengal, Mysore✔X
Jammu and Kashmir, Assam, Tamilnadu, Mysore and West Bengal✔X
West Bengal, Assam, Tamilnadu, Jammu and Kashmir, Mysore✔X
22/50
India’s economic growth rate in the tenth five year plan period was (2002-07) 4.5% 2. 6.5% 3. 8.0% 4. 7.6 %
3✔X
4✔X
2✔X
1✔X
23/50
Consider the following statements in Indian Agricultural Sector and choose the correct answer the using the code given below: States such as Assam, Bihar, West Bengal, Jharkhand and Up have contributed to increase in rice production in 2011-12 (Advanced Estimate) A significant high level of food grains production was achieved in 2011-12 The stock position of food grains in the central pool is inadequate to meet the requirements of targeted Public Distribution System, 2012.
I only✔X
II only✔X
I and II only✔X
I, II and III✔X
24/50
Which of the following is/are wrong? Kisan Credit Cards for short term credit to farmers Micro-Finance for Self-Help Group (SHGs) Comprehensive Crop Insurance Scheme was started at 1985 NABARD provides loan for housing sector
I only✔X
II only✔X
III only✔X
IV only✔X
25/50
Match List I with List II and select the correct answer using the codes given below the lists: List I List II Disinvestment 1. Foreign Firms MNC 2. Selling of Govt. Shares BOP(Balance Of Payment) 3. Planning Commission Dr. N.J. Kurian 4. Foreign Trade2 4 1 3
2 4 1 3✔X
2 3 1 4✔X
2 1 4 3✔X
2 4 3 1✔X
26/50
The Nehru –Mahalanobis model gave active encouragement to ______ industries producing consumer goods.
heavy✔X
light✔X
small Scale and Cottage✔X
none of the above✔X
27/50
Match National Planning 1. 2004 New Industrial Policy 2. 1992 74th Amendment 3. 1991 14th Loksabha Elections 4. 1938
4 2 3 1✔X
3 1 4 2✔X
2 3 1 4✔X
4 3 2 1✔X
28/50
Consider the following statement. Choose the correct answer from the codes given below. Assertion(A): When a nation’s money supply persistently increases at a faster rate than the nation can increase its output , inflation occurs. Reason(R): Faster growth of money supply than output can raise living standards.
Both (A) and (R) are individually true and (R) is the correct explanation of (A)✔X
Both (A) and (R) are individually 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
29/50
Money appears to have a major influence on
Inflation✔X
Inflation and business cycle✔X
Investment✔X
Inflation, business cycle and investment✔X
30/50
Consider the following statements. Choose the correct answer from the codes given below: Assertion(A): During periods of inflation people still hold money even when other assets are superior stores of value. Reason(R): Money is a medium of exchange, liquid and divisible.
Both (A) and (R) are true but (R) is not an explanation for (A)✔X
Both (A) and (R) are true and (R) is an explanation for (A)✔X
(A) is true but (R) is false✔X
(A) is false but (R) is true✔X
31/50
Consider the following statements: A: Purchase of goods that will be used in the future to produce more goods and services. B: Purchase of domestically produced goods by foreigners minus the domestic purchases of foreign goods. What A and B denote?
Consumption and investment✔X
Consumption and investment✔X
Government purchases and investment✔X
Investment and net exports✔X
32/50
The first year plan of India was launched in
1947✔X
1951✔X
1956✔X
1961✔X
33/50
Match List I with List II List I List II Rice production 1. Punjab and Haryana Wheat production 2. Coorg and Nilgiris Juste production 3. Uttar Pradesh and West Bengal Coffee plants 4. West Bengal and Assam
1 2 4 3✔X
2 1 4 3✔X
1 3 4 2✔X
3 1 4 2✔X
34/50
Registration of Partnership is
Compulsory✔X
Optional✔X
Not necessary✔X
Not compulsory✔X
35/50
In India, the contribution of agricultural sector towards the Gross Domestic Product in 2012-2013 in
55.0 percent✔X
38.0 percent✔X
13.7 percent✔X
31.7 percent✔X
36/50
Devaluation is a measure of monetary authority: Which of the following item does match the below statement?
To reduce the foreign value of the domestic currency mainly to increase exports✔X
To increase money supply✔X
To increase the current account defici✔X
To contain inflation✔X
37/50
Which one of the following is not the feature of domecratic socialism?
A socialist society aims at the removal of poverty✔X
No faith in a mixed economy✔X
Aims at the reduction of inequalities of Income and wealth✔X
Aims at the provision of equal opportunities to all✔X
38/50
Proposal to setup India’s first women bank was mooted in union budget
2013-2014✔X
2012-2013✔X
2011-2012✔X
2010-2011✔X
39/50
Choose the following item that does not comprise under food subsidy in India
Subsidies to farmers through Support price✔X
Subsidies to consumers through Public Distribution System✔X
Subsidies to the Food Corporation of India✔X
Subsidies to fertilizer✔X
40/50
Estimates of physical capital formation in India is done by
Central Statistical organization✔X
Reserve Bank of India✔X
State Treasury✔X
Regional Banks✔X
41/50
Annual plans were implemented during the period
1962-1965✔X
1965-1967✔X
1966-1969✔X
1967-1970✔X
42/50
Taxes raised are credited to
Consolidated fund✔X
Contigency fund✔X
Public account✔X
Private account✔X
43/50
Disinvestment will not result in Releasing of public resources Reducing public debt Decreasing privatization Increasing employment
I and II only✔X
III only✔X
IV only✔X
II and III only✔X
44/50
What is the gross capital formation as a percentage of GDP in India for the year 2012. 2013?
24%✔X
28%✔X
32%✔X
34%✔X
45/50
In which plan period HYV seeds and New Agriculture strategy was adopted in Indian agriculture?
2nd plan✔X
3rd plan✔X
Annual plan✔X
5th plan✔X
46/50
In an Economy “Too much of money chasing too few goods” – situation is called
Depression✔X
Prosperity✔X
Inflation✔X
Deflation✔X
47/50
In TamilNadu, what was the share of primary sector in its Net State Domestic Product during 2012-13?
7.8%✔X
8.9%✔X
10.5%✔X
12.0%✔X
48/50
The Gross Enrollment ratio in class 1 - V for the years 2012-13 in Tami Nadu is:
124.3✔X
115.5✔X
111.8✔X
180.8✔X
49/50
Inflationary gap was introduced by
J.M. Keynes✔X
Marshall✔X
J.R. Hicks✔X
Fisher✔X
50/50
Match the List I with List II List I List II Mining 1. Industry Construction 2. Service Real Estate 3. Agriculture
3 1 2✔X
2 1 3✔X
2 3 1✔X
1 3 2✔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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