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TNPSC Indian Economy: Important Questions & Answers (51-75)

Indian Economy: Important Questions & Answers

1. Poverty level in India is established on the basis of which expenditure? 
  • House-hold consumer expenditure
2. Mid-Day Meal is a scheme to provide Nutrious food to which Childran? 
  •  school going children
3. Which is the largest single source of the Government’s earning from tax revenue? 
  • Central excise
4. Which Taxes/duties is NOT under the jurisdiction of the Central Government? 
  •  Land Revenue 
5. Which is the highest body that approves Five Years Plans in the country? 
  • National Development Council
6. By whom was the Rolling Plan for backward country suggested? 
  • Gunnar Myrdal
7. In which Five Year Plan, the main objective was the eradication of poverty?  
  • Fifth Five Year Plan
8. Durgapur, Bhibei and Rourkela iron steel-plants were setup during which plan? 
  • First Five Year Plan
9. The iron and Steel plants of Rourkela and Durgapur were conceived under which plan? 
  • Second Five Year Plan
10. For which purpose, the Government has launched the Rajiv Awas Yojana? 
  • To provide affordable houses to rural poor
11. What is the effect of inflation on tax revenue results in a situation? 
  • Fiscal drag
12. By which band is Monetary policy regulated? 
  • Central Bank
13. Immediately prior to change in the measure of Food Inflation, which index was being used for measuring it? 
  • Wholesale Price Index
14. Who is responsible for the collection and publication of monetary and financial information? 
  • Reserve Bank of India
15. Which bank provides the largest credit to agriculture and allied sectors? 
  •  Commercial Banks
16. Which is the apex institution in the sphere of Agriculture credit? 
17. The Bonded Labour System (Abolition) Act was legislated in which year? 
  • 1976
18. The Green Revolution in India was the outcome of the efforts of which person? 
  •  M. S. Swaminathan
19. Who is known as Father of White Revolution in India? 
  • V. Kurien
20. The real introduction of Decentralized Planning in India was made for the first time during the which plan? 
  •  9th Plan
21. Planning Commission was established in 1950 through which order? 
  • An executive order
22. The slogen ‘Garibi Hatao’ (Poverty abolition) was given in which Five Year Plan? 
  • Fifth plan
23. In which one of year ‘Rolling Plan’ was on operation in India? 
  • 1978-79
24. The major emphasis in the First Five Year Plan was on which field? 
  • Agriculture
25. National Rural Employment Guarantee Act (NREGA) does not promote? 
  • Promote inclusive growth


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