Nature of the Indian Economy – Group 4 Topic Quiz

About this quiz

This quiz has 30 multiple-choice questions on Nature of the Indian Economy, from the Indian Economy and Development Administration in Tamil Nadu unit of the TNPSC Group 4 General Studies syllabus. - Time allowed: 30 minutes - Each question has four options and only one correct answer - No negative marking - Pass mark: 35% - Each answer comes with an explanation after you submit Topics covered: - Meaning of an Economy and Types of Economic Systems - India as a Developing Mixed Economy - Sectors of the Economy and Structural Change - National Income Concepts and the 1991 Reforms Syllabus reference: Nature of Indian economy

How it works

• Move freely between questions, mark them for review and change answers until you submit.
• The clock runs until you submit. When time is up, your answers are submitted.
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• You won't see right or wrong while you answer.
• After you submit: your score, rank, the correct answers and explanations.
• A submitted attempt is final and cannot be changed.
• Wrong answers lose marks (negative marking).
• XP is given once; a retake earns more only if you beat your best score.

Sample questions

1. 1Every economy must answer three basic economic questions. Which of the following is NOT one of them?

   • AWhat to produce
   • BHow to produce
   • CFor whom to produce
   • DHow much tax to collect

2. 2Which of the following is cited as the classic historical example of a socialist economy?

   • AUnited States of America
   • BThe former Soviet Union
   • CIndia
   • DUnited Kingdom