TNPSC GROUP II ONLINE TEST / QUIZ AS PER LATEST SYLLABUS | UNIT V: INDIAN ECONOMY AND DEVELOPMENT ADMINISTRATION IN TAMIL NADU | Nature of Indian Economy.

TNPSC GROUP II ONLINE TEST / QUIZ AS PER LATEST SYLLABUS | UNIT V: INDIAN ECONOMY AND DEVELOPMENT ADMINISTRATION IN TAMIL NADU | Nature of Indian Economy.

1. Which of the following best describes the nature of the Indian economy?

A) Developed Economy B) Developing Economy C) Underdeveloped Economy D) Stagnant Economy

2. What is the primary sector of the Indian economy primarily characterized by?

A) Manufacturing B) Services C) Agriculture and allied activities D) Information Technology

3. Which concept is often used to describe the Indian economy's blend of private and public sectors?

A) Capitalist Economy B) Socialist Economy C) Mixed Economy D) Command Economy

4. What is the main objective of economic planning in India?

A) Maximizing private profit B) Achieving self-reliance and social justice C) Promoting foreign investment only D) Developing only the industrial sector

5. The term 'demographic dividend' in India refers to:

A) A decrease in population growth B) An increasing proportion of working-age population C) A decline in birth rates D) An increase in the elderly population

6. Which of the following is a key characteristic of a developing economy like India?

A) High per capita income B) Low dependence on agriculture C) High rate of capital formation D) High population growth and low per capita income

7. What does 'Inclusive Growth' in the context of the Indian economy primarily aim for?

A) Growth benefiting only the rich B) Growth that includes all sections of society C) Growth focused only on urban areas D) Growth through foreign aid only

8. The New Economic Policy (NEP) of 1991 in India is associated with which reforms?

A) Nationalization, Centralization, Protectionism B) Liberalization, Privatization, Globalization C) Socialism, Communism, Capitalism D) Agrarian reforms, Industrial reforms, Service reforms

9. What is the primary contribution of the service sector to India's GDP?

A) Less than 10% B) Around 25% C) More than 50% D) Negligible

10. Which institution is responsible for formulating monetary policy in India?

A) Ministry of Finance B) NITI Aayog C) Reserve Bank of India (RBI) D) Securities and Exchange Board of India (SEBI)

11. What is the main challenge faced by the agricultural sector in India?

A) Lack of labor B) High mechanization C) Dependence on monsoon and disguised unemployment D) Abundant irrigation facilities

12. The concept of 'Green Revolution' in India is primarily associated with:

A) Industrial growth B) Increase in food grain production C) Environmental protection D) Service sector expansion

13. Which of the following is a measure of income inequality in an economy?

A) GDP per capita B) Human Development Index (HDI) C) Gini Coefficient D) Consumer Price Index (CPI)

14. What is the main objective of the Goods and Services Tax (GST) in India?

A) Increase direct taxes B) Simplify indirect tax structure C) Reduce government expenditure D) Promote agricultural subsidies

15. The concept of 'Poverty Line' in India is determined by:

A) Number of unemployed people B) Minimum caloric intake and expenditure C) Ownership of assets D) Access to luxury goods

16. Which of the following is NOT a characteristic of a developing economy?

A) High birth and death rates B) Low level of technology C) Dominance of the primary sector D) High per capita income and high standard of living

17. What is the role of NITI Aayog in India's economic planning?

A) To allocate funds to states B) To act as a think tank and provide policy guidance C) To implement Five-Year Plans D) To control inflation

18. The term 'fiscal deficit' refers to the difference between:

A) Total revenue and total expenditure B) Total expenditure and total receipts excluding borrowings C) Revenue receipts and revenue expenditure D) Capital receipts and capital expenditure

19. Which of the following is a major source of revenue for the Indian government?

A) Foreign aid B) Disinvestment C) Taxes (direct and indirect) D) Borrowings from international organizations

20. What is the significance of the 'Make in India' initiative?

A) To promote imports B) To encourage foreign tourism C) To boost domestic manufacturing and attract investment D) To focus solely on agricultural exports

21. The term 'Human Development Index (HDI)' considers which of the following?

A) GDP per capita only B) Life expectancy, education, and standard of living C) Industrial production only D) Foreign exchange reserves

22. What is the primary objective of the 'Digital India' program?

A) To promote paper-based transactions B) To transform India into a digitally empowered society and knowledge economy C) To limit internet access D) To focus only on rural digitalization

23. Which sector has shown the highest growth rate in India in recent decades?

A) Agriculture B) Industry C) Services D) Mining

24. What is the meaning of 'disguised unemployment' in the Indian context?

A) People who are openly unemployed B) People who appear to be employed but their marginal productivity is zero or negligible C) People who are employed in the informal sector D) People who are highly skilled but unemployed

25. The concept of 'sustainable development' in India emphasizes:

A) Rapid economic growth at any cost B) Meeting the needs of the present without compromising the ability of future generations to meet their own needs C) Exploiting all natural resources for immediate gain D) Focusing only on industrial development

26. Which of the following is a key component of India's 'financial inclusion' efforts?

A) Promoting cashless transactions only for urban areas B) Providing access to financial services (banking, credit, insurance) to all sections of society C) Increasing interest rates on all loans D) Limiting access to banking services

27. What is the purpose of the 'Minimum Support Price (MSP)' in Indian agriculture?

A) To encourage farmers to sell at lower prices B) To ensure a minimum remunerative price for farmers' produce C) To control food inflation by reducing farmer income D) To promote cash crops over food grains

28. The concept of 'Public Sector Undertakings (PSUs)' in India refers to:

A) Companies owned by private individuals B) Companies where the government holds a majority stake C) Foreign multinational corporations D) Non-governmental organizations

29. What is the primary role of the unorganized sector in the Indian economy?

A) Providing high-paying formal jobs B) Contributing significantly to employment and livelihood, often with low wages and no social security C) Dominating the export market D) Being strictly regulated by government policies

30. Which of the following best describes India's current economic growth model?

A) Export-led growth B) Consumption-led growth C) Investment-led growth D) A mix of domestic demand, investment, and exports, with services playing a significant role

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