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SSLC Economics E/M by MMA

Total questions: 100

Worksheet time: 50mins

Name
Class
Date
1.
GNP equals ------------------------------
a)
GDP plus net property income from abroad
b)
NNP plus net property income or abroad
c)
GDP adjusted for inflation
d)
NNP adjusted for inflation
2.
National Income is a measure of ------------------------
a)
Total value of money
b)
Total value of goods and services
c)
Total value of producer goods
d)
Total value of consumption goods
3.
Primary sector consist of -------------------------
a)
Automobiles
b)
Trade
c)
Agriculture
d)
Banking
4.
------------approach is the value added by each intermediate good is summed to estimate the value of the final good.
a)
Expenditure approach
b)
income approach
c)
National Income
d)
Value added approach
5.
Which one sector is highest employment in the GDP?
a)
Service sector
b)
Agricultural sector
c)
Industrial sector
d)
None of the above
6.
Gross value added at current prices for services sector is estimated at -----lakh crore in 2018 -19.
a)
91.06
b)
92.26
c)
80.07
d)
98.29
7.
India is ----------------- larger producer in agricultural product.
a)
1st
b)
3rd
c)
2nd
d)
4th
8.
India ‘s life expectancy at birth is -------------------------------------
a)
55
b)
60
c)
70
d)
65
9.
Which one is a trade policy?
a)
Import and export Policy
b)
irrigation policy
c)
land-reform policy
d)
wage policy
10.
Indian Economy is --------------------------------
a)
Developing Economy
b)
All the these
c)
Emerging Economy
d)
Dual Economy
11.
_____ sector is largest sector in India.
a)
Service sector
b)
Agricultural sector
c)
Industrial sector
d)
None of the above
12.
GDP is the indicator of _____ economy
a)
World
b)
country
c)
state
d)
district
13.
Secondary sector otherwise called as _____.
a)
banking
b)
Agricultural
c)
Industrial
d)
service
14.
_____ sector is the growth engine of Indian economy.
a)
Agricultural sector
b)
Industrial sector
c)
None of the above
d)
Service sector
15.
India is _____ largest economy of the world
a)
1st
b)
3rd
c)
2nd
d)
4th
16.
India is _____ fastest growing nation of the world.
a)
3rd
b)
2nd
c)
4th
d)
5th
17.
_____ policy envisages rapid industrialization with modernization for attaining rapid economic growth of GDP.
a)
Liberalisation
b)
Globalisation
c)
Privatisation
d)
None of the above
18.

The rate of saving is low in India for the following reason

I. Low per capita income.

II. Poor performance and less contribution of public sector.

III. Poor contribution of household sector.

IV. Savings potential of the rural sector not tapped fully

a)

I, II, IV are correct

b)

I, II and III are correct

c)

I, II, III and IV are correct

d)

I, III and IV are correct

19.
is the indicator of the standard of living of the people.
a)
Gross National Product
b)
Net National Product
c)
Per Capita Income
d)
Disposable Personal Income
20.
…..................... means actual income that can be spent on consumption by the individual or family.
a)
Personal income
b)
Familiy income
c)
Disposable income
d)
Interest
21.
Who is the head of the World Trade Organisation (WTO) ?
a)
Director General
b)
Ministerial conference
c)
Deputy Director General
d)
None of these
22.
How many countries were membership in WTO at present?
a)
159
b)
164
c)
148
d)
128
23.
Colonial advent in India
a)
Dutch, English, Danish , French
b)
Portuguese , Danish, Dutch, French, English
c)
Portuguese, Dutch, English, Danish, French
d)
Danish, Portuguese, French, English, Dutch
24.
Who first came to India for trading purpose?
a)
Roman Empire
b)
Dutch
c)
Danish
d)
Portuguese
25.
When did Portuguese colonize India?
a)
1600 AD
b)
1498 AD
c)
1602 AD
d)
1616 AD
26.
GATT’s first round held in -------
a)
Tokyo
b)
Torquay
c)
Geneva
d)
Uruguay
27.
India signed the Dunket proposal in ---------------
a)
1950
b)
1994
c)
1976
d)
1984
28.
Who granted the English “Golden Fireman” in 1632?
a)
Jahangir
b)
Akbar
c)
Aurangzeb
d)
Sultan of Golconda
29.
Foreign Investment policy (FIP) announced in--------
a)
July- Aug-1991
b)
1991-08-01 00:00:00
c)
1991-06-01 00:00:00
d)
1991-07-01 00:00:00
30.
Indian government was introduced-----------in 1991
a)
World Trade Organisation
b)
Globalization
c)
New Economic Policy
d)
none
31.
The Dutch captured Pondicherry in ___________.
a)
1616
b)
1602
c)
1600
d)
1693
32.
A better economy introduce rapid development of the ___________.
a)
nation
b)
village
c)
city
d)
panchayat
33.
The East India Company built fortified factory in Madras which known as ___________.
a)
Ft. St. Wiliams
b)
Ft. St. David
c)
Ft. St. Rippon
d)
Ft. St. George
34.
WTO agreement came into force from ___________.
a)
September 1 1995
b)
March 1 1995
c)
January 1 1995
d)
June 1 1995
35.
The term globalization invented by ___________.
a)
Arthur Dunkel
b)
Theodore Levitt.
c)
Nehru
d)
Indiragandhi
36.
French East India company established second factory at _________.
a)
Masulipatnam
b)
Calicut
c)
Tranguebar
d)
Pondicherry
37.

I) The East Indian Company specially to participate in the East Indian Spice Trade and later added cotton, silk, Indigo.

II) Merchants of the Dutch East India Company first established at Calicut

III) Nanadesis were a guild of traders at the time of Hoysala Empire

a)

I is correct

b)

II and III are correct

c)

I and III are correct

d)

I, II and III are correct

38.
GATT was signed by 23 countries in -------------
a)
1945
b)
1950
c)
1952
d)
1947
39.
World Trade Organization(WTO)'s Head Quarter: is at --------
a)
Uruguay
b)
New Delhi
c)
Geneva
d)
Tokyo
40.
Eighth and final round of GATT was held in --------
a)
1996
b)
1986
c)
1992
d)
1994
41.
__________ of food is physical availability of food stocks in desired quantities, which is a function of domestic production, changes in stocks and imports.
a)
Availability of food
b)
Access to food
c)
Absorption of food
d)
None
42.
Buffer stock is the stock of food grains, namely wheat and rice, procured by the government through the __________
a)
IFCI
b)
Consumer Cooperatives
c)
ICICI
d)
FCI
43.

Which is correct?

i) HYV–High Yielding Varieties

ii) MSP–Minimum Support Price

iii) PDS–Public Distribution System

iv) FCI–Food Corporation of India

a)

i and ii are correct

b)

iii and iv are correct

c)

ii and iii are correct

d)

All are correct

44.
__________ extended assistance through its Public Law 480.
a)
United States of America
b)
India
c)
Singapore
d)
UK
45.
__________ revolution was born in India paving way for self sufficiency in food grain production.
a)
Blue Revolution
b)
White Revolution
c)
Green Revolution
d)
Grey Revolution
46.
__________ is the only state in India to adopt universal PDS.
a)
Kerala
b)
Andhra Pradesh
c)
Tamil Nadu
d)
Karnataka
47.
__________ is the process of providing or obtaining the food necessary for health and growth.
a)
Health
b)
Nutrition
c)
Sanitation
d)
Security
48.
Tamil Nadu Integrated Nutrition Programme was started in __________
a)
1970
b)
1980
c)
1990
d)
1968
49.
__________ status is one of the indicators of the overall well-being of population and human resources Development.
a)
Economic
b)
Wealth
c)
Health
d)
Nutrition
50.
Tamil Nadu Health System Projects has launched _________ service at free of cost.
a)
100 ambulance
b)
104 ambulance
c)
106 ambulance
d)
108 ambulance
51.

Assertion (A) : Purchasing power increases, price decreases and vice versa.

Reason (R) : The production of goods decline, the price of goods increases and then the purchasing power is affected.

a)

A is correct, R is false

b)

A is correct, R is the correct explanation of A

c)

A is correct but R is not a correct explanation

d)

Both A and R are false statements

52.
The National Food Security Act (NFSA) was passed by the Indian Parliament in
a)
2012
b)
2000
c)
2005
d)
2013
53.
__________ affects purchasing power especially in rural population.
a)
Over population
b)
Employment
c)
Ignorance
d)
Illiteracy
54.
The government took steps to distribute food grains at __________ rate through the Public Distribution system.
a)
Subsidised
b)
Market
c)
Profitable
d)
Free
55.
The yield of food grains has increased __________ fold between the time of Independence and at present.
a)
2
b)
3
c)
4
d)
5
56.

Assertion (A): Purchasing power increases, price decreases and vice versa. <p>

Reason (R): The production of goods decline, the price of goods increases and then the purchasing power is affected.

a)

A is correct, R is false

b)

Both A and R are false statements

c)

A is correct but R is not a correct explanation

d)

A is correct, R is the correct explanation of A

57.
In the year __________ National Food Security Act was passed by the Indian Parliament.
a)
2012
b)
2013
c)
2015
d)
2016
58.
__________ is the value of currency expressed in terms of the amount of goods and services that one unit of money can buy.
a)
Health
b)
Nutrition
c)
Sanitation
d)
Purchasing power
59.
__________ is the ability to biologically utilise the food consumed.
a)
Availability of food
b)
Access to food
c)
Absorption of food
d)
Demand for goods
60.
__________ foundation from USA introduced HYV in India.
a)
Ford
b)
Tvs
c)
Benz
d)
Suzuki
61.
The GST was passed in the Parliament on 29 March __________
a)
2016
b)
2017
c)
2018
d)
2019
62.
The three levels of governments in India are __________
a)
Union, state and local
b)
Central, state and village
c)
Union, municipality and panchayat
d)
None of the above
63.
In India, taxes are including __________
a)
Direct taxes
b)
Indirect taxes.
c)
Both (a) and (b)
d)
None of these
64.
Which is the role of government and development policies?.
a)
Defence
b)
Foreign policy
c)
Regulate the economy
d)
all of above
65.
The most common and important tax levied on an individual in India is __________
a)
Service tax
b)
Excise duty.
c)
Central sales tax
d)
Income tax
66.
Under which tax one nation, one uniform tax is ensured __________
a)
Value added tax (VAT)
b)
Goods and service tax
c)
Income tax
d)
Sales tax
67.
Income tax was introduced in India for the first time in the year __________ .
a)
1850
b)
1860
c)
1870
d)
1880
68.
__________ tax is charged on the benefits derived from property ownership.
a)
Service tax
b)
Excise duty.
c)
Wealth tax
d)
Income tax
69.
What are identified as causes of black money?
a)
Shortage of goods
b)
High tax rate
c)
Smuggling
d)
All of above
70.
Tax evasion is the illegal evasion of taxes by __________
a)
Individuals
b)
Corporations
c)
Trusts
d)
All of above
71.
Payments are __________
a)
Fees and fines
b)
Penalties and forfeitures
c)
a and b
d)
None of the above
72.

Which of the following statement is correct about GST?

(i) GST is the ‘one point tax’.

(ii) This aims to replace all direct taxes levied on goods and services by the Central and State governments.

(iii) It will be implemented from 1 July 2017 throughout the country.

(iv) It will unified the tax structure in India.

a)

(i) and (ii) are correct

b)

(ii), (iii) and (iv) are correct

c)

(i), (iii) and (iv) are correct

d)

All are correct

73.

Choose the incorrect statements

(i) Shortage of goods, whether natural or artificial, is the root cause of black money.

(ii) Industrial sector has been the major contributor to black money.

(iii) Smuggling is one of the major sources of black money.

(iv) When the tax rate is low, more black money is generated.

a)

(i) and (ii)

b)

(iv)

c)

(i)

d)

(ii) and (iii)

74.
__________ was the first country to implement GST.
a)
France
b)
India
c)
England
d)
America
75.
Black money is generated when the __________ is high.
a)
Foreign money
b)
Income
c)
Tax rate
d)
Surplus money
76.
The Goods and Service Tax act came into effect on __________
a)
12 October 2005
b)
1 July 2017
c)
1 July 2016
d)
12 October 2006
77.
__________ tax is levied on companies that exist as separate entities from their shareholders.
a)
Income
b)
Wealth
c)
Corporate
d)
none of these
78.
The unaccounted money that is concealed from the tax administrator is called __________
a)
Tax money
b)
Foreign money
c)
Surplus money
d)
Black money
79.
Brining costly goods by evading the authorities is __________
a)
Prohibition
b)
Smuggling
c)
Exemption
d)
Pouching
80.
In India, Income Tax was introduced for the first time in 1860 by -------------
a)
Sir James Wilson
b)
Robert Clive
c)
William Bentinck
d)
Dalhousie
81.
‘The Detroit of Asia’ is __________
a)
Tuticorin
b)
Coimbatore
c)
Chennai
d)
Madurai
82.
Pump sets and motors are produced mostly in __________
a)
Salem
b)
Coimbatore
c)
Chennai
d)
Dharmapuri
83.
Tuticorin is known as __________
a)
Gateway of India
b)
Pump city
c)
Detroit
d)
Gateway of Tamil Nadu
84.
__________ are an essential aspect of a nation’s development.
a)
Industry
b)
Agriculture
c)
Railway
d)
None of these
85.
Tirupur is known for __________
a)
Leather tanning
b)
Lock making
c)
Knitwear
d)
Agro-processing
86.
Along with Ambur and Vaniyambadi __________ is also a centre for leather goods exports.
a)
Chennai
b)
Sivakasi
c)
Coimbatore
d)
Madurai
87.
IT means __________
a)
Indian Technology
b)
Information Technology
c)
Institute of Technology
d)
Initiative Technology
88.
A successful industrial cluster entirely created by the Tamil Nadu is __________
a)
Hosur
b)
Dindigul
c)
Kovilpatti
d)
Tirunelveli
89.
SIPCOT was formed in the year __________
a)
1972
b)
1978
c)
1971
d)
1976
90.
Which is the Tamil Nadu Industrial Development Agency?
a)
SIPCOT
b)
TANSIDCO
c)
TIDCO
d)
All of these
91.

Choose the correct statement

i) Entrepreneurship promotes capital formation by mobilising the idle saving of the public.

ii) They are not provide large scale employment to artisan, technically qualified persons and professionals.

iii) Entrepreneurs help the country to increase the GDP and per capitals income

iv) Entrepreneurs not promote country’s export trade.

a)

i) and iv) is correct

b)

i) only correct

c)

iii) and iv) is correct

d)

i) and iii) is correct

92.
Which one of the following is not having leather factories?
a)
Ranipet
b)
Dharmapuri
c)
Ambur
d)
Vaniyambadi
93.
Which one of the following is not a industrial developing agency?
a)
TIDCO
b)
SIDCO
c)
MEPG
d)
SIPCOT
94.
Tamil Nadu is home to the largest __________sector in the country.
a)
Automobile
b)
Printing
c)
Tanning
d)
Textile
95.
In Tamil Nadu, there are __________ industrial clusters.
a)
27
b)
28
c)
25
d)
30
96.
__________ is fondly calls as ‘Little Japan’.
a)
Chennai
b)
Sivakasi
c)
Coimbatore
d)
Madurai
97.
Settling up of Special Economic Zones policy was introduced in__________
a)
2002
b)
2005
c)
2012
d)
2000
98.
__________is an innovator of new ideas and business processes
a)
Businessman
b)
Capitalist
c)
Entrepreneur
d)
Industrialist
99.
Hundred of leather and tannery facilities are located around __________ District in Tamil Nadu.
a)
Vellore
b)
Cuddalore
c)
Salam
d)
Ariyalur
100.
Find the add one out:
a)
Textile
b)
Agriculture
c)
Automotive
d)
Leather goods

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