TNPSC - Economics Important Questions with Answers - 4

  1. Which State produces maximum pulses in the country? – Madhya Pradesh 
  2. In which activity percentage share of cooperative sector is the highest? – Sugar production 
  3. Economic Planning is a subject of which list? – Union List 
  4. When was the Rolling plan designed? – 1978-83 
  5. Why is Poverty in less developed countries largely? – Due to income inequality 
  6. Among the remedies of inflation, what can we include? – Lowering bank rate 
  7. Who sings on One-rupee currency notes? – Finance Secretary of India 
  8. terms of economics, which recession occurring two times with a small gap in between? – Deep Recession 
  9. In India, which first bank of limited liability managed by Indians and founded in 1881? – Oudh Commercial Bank 
  10. Bouncing of cheques has become an offence. What is the punishment for the same? – 6 months imprisonment 
  11. Which Public Sector bank’ emblem figures a dog and the words ‘faithful, friendly’ in it? – Syndicate Bank 
  12. What does Inflation imply? – Rise in general price index 
  13. When was the decimal system of currency introduced in India? – 1957 
  14. What is the mean of Cheap Money? – Low Rate of Interest 
  15. Which bank is the Banker of the Banks? – RBI 
  16. From where does the National Stock Exchange functions? – Mumbai 
  17. Which is the oldest ‘stock exchange of India? – Bombay Stock Exchange 
  18. By which bill does the government make arrangement for the collection of revenues for a year? – Finance Bill 
  19. If the price of an inferior good falls, what about its demand? – Remains constant 
  20. In which year was Railway Budget in India separated from general budget? – 1924-25 
  21. What is the investment in public works? – Capital expenditure 
  22. With which Economic growth is usually coupled? – Inflation 
  23. Which is the largest (in terms of turnover) Public Sector organisation in India? – Indian Oil Corporation 
  24. How is the difference between visible exports and visible imports defined? – Balance of trade 
  25. Who long do the World Bank and IMF give respectively? – Long term and short term credits 
  26. Consequent upon the recommendations of the Working Group on Rural Banks, in which year were 5 Rural Regional Banks initially set up? – 1975 
  27. Through which methods is the national income of India estimated mainly? – Production and income methods 
  28. From when was the Zero Base Budgeting in India first experimented? – April, 1987 
  29. On which do Companies pay Corporation Tax? – Incomes 
  30. Why is the Gross National Income always more than Net National Income? – Direct taxes 
  31. Which is the updated base for Wholesale Price Index (WPI) ? – 2004-2005 
  32. After textiles, which is India’s second important industry? – Iron and steel 
  33. What is the effect of inflation on tax revenue results in a situation? – Fiscal drag 
  34. By which band is Monetary policy regulated? – Central Bank 
  35. Immediately prior to change in the measure of Food Inflation, which index was being used for measuring it? – Wholesale Price Index 
  36. Who is responsible for the collection and publication of monetary and financial information? – Reserve Bank of India 
  37. Which is at the apex of Industrial Finance in India? – Industrial Development Bank of India 
  38. Which bank gives long term loan to farmers? – Land Development Bank 
  39. During whose viceroyalty was the system of Budget introduced in India? – Canning 
  40. Who is the chairman of 13th Finance Commission? – Vijay Kelkar 
  41. Main’ bearers of the burden of indirect tax are? – consumers
  42. Which Committee was formed to suggest means for eradicating black money? – Cheiliah Committee 
  43. What is the mean of Ad Valorem? – According to value 
  44. The ‘Uruguay Round’ negotiations resulted in the establishment of which organization? – WTO 
  45. From which country does More than one-third of the crude steel production of the world comes? – China 
  46. What is the mean of ‘Take off stage’ in an economy? – Steady growth begins 
  47. When had India a plan holiday? – After the drought of 1966 
  48. Who was the first Chairman of the Planning Commission? – Pt. Jawahar Lal Nehru 
  49. Which Committee’s recommendations are being followed for estimating Poverty Line in India? – Lakdawala Committee 
  50. For which purpose, the Government has launched the Rajiv Awas Yojana? – To provide affordable houses to rural poor 

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