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