100+ TNPSC Indian Economy Mock Test - 1

Question: 1

_____ is the starting point of all economic activity in the world.

(A) Human wants

(B) Exchange

(C) Production

(D) Consumption

Ans: A

Human wants

Question: 2

According to _____, economics studies about man i.e., buyer and seller etc.

(A) Alfred Marshall

(B) Adam Smith

(C) Cairn Cross

(D) Samuelson

Ans: C

Cairn Cross

Question: 3

Private property is the important feature _____ economy.

(A) Planned

(B) Capitalist

(C) Command

(D) Socialist

Ans: B

Capitalist

Question: 4

In _____ economy, goods produced there is not much of sales as there is only small scale production.

(A) Capitalist

(B) Mixed

(C) Socialist

(D) Traditional

Ans: D

Traditional

Question: 5

In a socialist economy, the means of production are mixed and operated by _____

(A) Investors

(B) Both

(C) State

(D) Private

Ans: C

State

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