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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