TNPSC Group I Exam-Previous Year Question Paper-Subject wise Analysed Questions-Economics-Part 3

TNPSC Group I Exam-Previous Year Question Paper-Subject wise Analysed Questions-Economics-Part 3

51.       The industrial tribunals are consisted of a person of the rank of

            A)        Supreme Court Judge                   

B)        Chief Justice of Supreme Court

C)        High Court Judge

D)        Sessions Court Judge

            Answer : (D)

52.       The oldest large scale industry in India is

            A)        Iron and steel industry

B)        Cotton textile industry

C)        Jute industry

D)        Paper industry

            Answer : (A)

           

TNPSC Group I Exam-2000

53.       Income Tax and Property Tax are called

            A)        Direct taxes               B)        Indirect taxes

C)        Utility taxes                   D)        wealth taxes

            Answer : (A)

54.       The major source of revenue to the government is

            A)        Tax revenue

B)        Revenue from public enterprises

C)        Administrative revenue

D)        Foreign aid

            Answer : (A)

55.       In a free economy inequalities of income are mainly due to

            A)        free competition

B)        private property only

C)        private property and inheritance

D)        difference in the marginal productivity of labour

            Answer : (C)

56.       Land Ceiling Legislation was introduced by the State Government during the _______ plan

            A)        IInd                             B)        IIIrd

C)        IVth                             D)        Vth

            Answer : (D)

57.       To which categories of rural population is the IRDP directed?

            A)        Landless labourers

B)        Small and marginal farmers

C)        Rural artisans

D)        All of these

            Answer : (D)

58.       What are the causes of urbanization in India?

            A)        Pressure of population in agriculture

B)        Absence of non-agricultural job in rural areas

C)        Lure of Town life

D)        All of these

            Answer : (D)

59.       Public debt refers to

            A)        government’s debt

B)        private individual’s debt

C)        a firm’s debt

D)        debt of a foreign country

            Answer : (A)

60.       Inflation is caused by

            A)        increase in money supply

B)        increase in production

C)        decrease in production

D)        both (A) and (C)

            Answer : (D)

61.       AGMARK is

            A)        Co-operative society

B)        Regulated market

C)        Farmers’ co-operative

D)        a quality assurance for agricultural products

            Answer : (D)

62.       Which of the following is the most important document of the

company

            A)        Memorandum of Association

B)        Articles of Association

C)        Prospectus

D)        Annual Report

            Answer : (A)

63.       In the cast of fire insurance

            A)        a fixed sum is paid at the end of the period of insurance

B)        no money is paid unless the risk happens

C)        money is paid when the event happens and the policy expires

D)        money is paid after one month from the date of the policy

            Answer : (B)

64.       Audit a Joint Stock companies is conducted in order to

            A)        increase the profits

B)        increase the goodwill

C)        meet the statutory requirement

D)        satisfy the shareholders

            Answer : (C)

65.       The number of subordinates who can be successfully directed

            by a superior is called

            A)        organizing                      B)        span of management

C)        delegating                      D)        none of these

            Answer : (B)

66.       The Industrial Finance Corporation of India provides

assistance only to

            A)        Large industries

B)        medium industries

C)        small scale industries

D)        government companies

            Answer : (D)

67.       Job evaluation is

            A)        ranking the workers

B)        placement of workers

C)        determining and comparing the demand of the job

D)        none of these

            Answer : (D)

68.       If files are arranged side by side, it is called

            A)        horizontal filing

B)        vertical filing

C)        lateral filing

D)        suspension filing

            Answer : (C)

69.       Vouching relates to

            A)        cash receipts

B)        cash payments

C)        credit transactions

D)        all of these

            Answer : (D)

70.       Under installment trading ownership passes to the buyer

            A)        as soon as the first installment is paid

B)        when the last installment is paid

C)        30 days after the last installment is paid

D)        depending on the agreement

            Answer : (D)

1999

71.       Internal trade means

            A)        Export            

B)        Import

C)        Trade within the country

D)        None of these

            Answer : (C)

72.       In Monoploy pricing there will be

            A)        less competition

B)        perfect competition

C)        more competition

D)        no competition

            Answer : (D)

73.       What is the life blood of commerce?

            A)        Export, import                        B)        Trade

C)        Agriculture                            D)        Industry

            Answer : (B)

74.       Sugar Industry can be classified under

            A)        Tiny industry

B)        Medium industry

C)        Agro-based industry

D)        None of these

            Answer : (C)

75.       One of the basic characteristics of an underdeveloped economy is

            A)        70% to 90% of the population is engaged in agriculture

B)        High rate Investment

C)        Low population

D)        None of these

            Answer: (A)