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