TNPSC Economics Online Test - 3

Question: 11

Modern economy is one of

(A) Planned economy

(B) Open economy

(C) Cash economy

(D) Credit economy

Ans: B

Open economy

Question: 12

Which of the following is the most important objective of Indian Planning?

(A) Increasing per capita income

(B) Reducing inequality of income and wealth

(C) Increasing capital information

(D) Reducing price instability

Ans: A

Increasing per capita income

Question: 13

The largest source of saving in India since 1950 has been?

(A) persons

(B) companies

(C) nationalised industries

(D) all have contributed the same

Ans: A

persons

Question: 14

In India which of the following measures of money denotes the Broad Money?

(A) M2

(B) M3

(C) M4

(D) M5

Ans: B

M3

Question: 15

The most serious economic problems of India are

(A) Unemployment, not poverty

(B) Underdevelopment, not poverty

(C) Stagnation, not poverty

(D) Poverty and unemployment

Ans: D

Poverty and unemployment

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