TNPSC Indian Economy: Important Questions & Answers (26-50)

Indian Economy: Important Questions & Answers 

1. Which Mahatma Gandhi series of currency notes issued by the RBI has “ecology” depicted on it ? 
  • Rs. 100
2. To prevent recurrence of scams in Indian Capital Market, To whom has the Government assigned regulatory powers? 
  • SEBI
3. In 1921, the Presidency Banks of Bengal, Madras and Bombay were nationalised to give birth to which bank? 
  • State Bank of India
4. From which sector does the highest sector wise contribution to gross domestic saving comes? 
  • Household sector
5. In the short run, a producer,’ how long continues his production? 
  • Fixed cost
6. What does Inflation imply? 
  • Rise in general price index
7. When was the decimal system of currency introduced in India?
  • 1957
8. What is the mean of Cheap Money? 
  • Low Rate of Interest
9. Which bank is the Banker of the Banks? 
  • RBI
10. From where does the National Stock Exchange functions? 
  • Mumbai
11. In which activity percentage share of cooperative sector is the highest? 
  • Sugar production
12. Economic Planning is a subject of which list? 
  • Union List
13. When was the Rolling plan designed? 
  • 1978-83
14. Why is Poverty in less developed countries largely? 
  • Due to income inequality
15. Among the Remedies of Inflation, what can we Include? 
  • Lowering bank rate
16. Who sings on One-rupee Currency Notes? 
  • Finance Secretary of India
17. Terms of economics, which recession occurring two times with a small gap in between? 
  • Deep Recession
18. In India, which first bank of limited liability managed by Indians and founded in 1881? 
  • Oudh Commercial Bank
19. Bouncing of cheques has become an offence. What is the punishment for the same? 
  • 6 months imprisonment
20. Which Public Sector bank’ emblem figures a dog and the words ‘faithful, friendly’ in it? 
  •  Syndicate Bank
21. Which is the updated base for Wholesale Price Index (WPI)?
  •  2004-2005
22. After Textiles, which is India’s second Important Industry? 
  • Iron and steel
23. Which Committee was formed to suggest means for Eradicating Black Money? 
  • Cheiliah Committee
24. What is the mean of Ad Valorem? 
  • According to value
25. The ‘Uruguay Round’ negotiations resulted in the establishment of which organization? 
  • WTO
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