TNPSC Indian Economy: Important Questions & Answers (101-125)

Indian Economy: Important Questions & Answers

1. Amongst the currency quotes USD/JPY, USD/Euro and USD/CAD, which one is referred as the base currency for quotes? 

  •  US $

2. Of which purpose was Nationalisation of banks done? 

  •  Consolidating the economy

3. In which year, some more commercial banks in addition to the first lot of 141 were nationalised in India? 

  •  1980

4. Who are Debenture holders of a company? 

  • Its creditors

5. What is the basic attribute of a formal organization? 

  •  Rules and regulations

6. Which is the oldest ‘stock exchange of India? 

  •  Bombay Stock Exchange

7. By which bill does the government make arrangement for the collection of revenues for a year?
  •  Finance Bill

8. If the price of an inferior good falls, what about its demand? 

  •  Remains constant

9. In which year was Railway Budget in India separated from general budget? 

  •  1924-25

10. What is the investment in public works? 

  •  Capital expenditure

11. Which is the largest importer country of Indian textile? 

  •  USA

12. What does the ‘Year of Great Divide’ refere? –

  • To rapid growth rate in population after 1921

13. What was the decentralisation system recommended? 

  • Balwant Rai Mehta

14. What is the principal source of revenue to the State Government in India? –

  • Sales Tax

15. A crossed cheque is one, which can be encashed only at which bank? 

  • State Bank of India. 
16. Where is the Central Rice Research Institute located? 

  •  Cuttack

17. Dr. M. S. Swaminathan has distinguished himself in which fields? 

  • Agriculture

18. Agriculture sector directly employs what percentages of labour force in India? 

  • 65 %

19. Which method of soil conservation is most effective in arid areas? 

  • Shelter belt

20. Which state is the most industrially advanced State in India? 

  •  Maharashtra

21. The licensing policy for the industries drew strength from which act? 

  •  Industrial Act, 1951

22. Where is the Forest Reserve Institute of India located? 

  •  Dehradun

23. Which State in’ India is estimated to have the largest coal reserves in India? 

  •  Jharkhand

24. Which is a ‘Hot Spot’ for biological diversity in India? 

  •  Sundarban

25. Major coalfields of India are located in the river valley of ?

  •  Damodar
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