Samacheer Kalvi 8th Economics Public and Private Sector Questions - 1

Question: 1

Public sector is on ______ motive.

(A) Speculative motive

(B) Service motive

(C) Profit motive

(D) None of these

Ans: B

Service motive

Question: 2

______ is governed by a company law and controlled by the Government as principal major share holders.

(A) Joint sector

(B) Public sector

(C) Private sector

(D) None of these

Ans: A

Joint sector

Question: 3

The public sector in India owes its origin in the _____ industrial policy resolution of the Government of India.

(A) 1956

(B) 1957

(C) 1958

(D) 1959

Ans: A

1956

Question: 4

Mixed economy is the mixture of _____

(A) Capitalism

(B) Socialism

(C) A and B are correct

(D) A are correct

Ans: C

A and B are correct

Question: 5

India's five year plan emphasized the development of public sector enterprises.

(A) First

(B) Second

(C) Third

(D) Fourth

Ans: B

Second

Question: 6

The Industrial act was enacted in

(A) 1948

(B) 1949

(C) 1950

(D) 1951

Ans: D

1951

Question: 7

What is the full form of GDP?

(A) Gross Domestic Product

(B) Gross Domestic Project

(C) Gross Development Product

(D) Grain Domestic Product

Ans: A

Gross Domestic Product

Question: 8

The largest public sector employer in India is

(A) ICICI bank

(B) Wipro Limited

(C) Infosys

(D) Indian Railways

Ans: D

Indian Railways

Question: 9

The activities of providing government goods and services to the general public is known as

(A) Private sector

(B) Public sector

(C) Both A and B

(D) None of these

Ans: B

Public sector

Question: 10

Example for export promotion earning industry is

(A) The State of Trading corporation

(B) ONGC

(C) Indian Oil Corporation Ltd

(D) None of these

Ans: A

The State of Trading corporation

Question: 11

_____ supports in developing socio-Economic Development.

(A) GST

(B) GDP

(C) GNP

(D) None of these

Ans: B

GDP

Question: 12

The city which provides the city with many facilities like hospitals, schools and facilities are called

(A) Smart city

(B) White city

(C) Clean city

(D) None of these

Ans: A

Smart city

Question: 13

_____ is an example for the public sector which serves as a consultancy.

(A) FCI

(B) Hotel

(C) Railways

(D) MECON

Ans: D

MECON