General Studies Topics
Postgraduate level — General Studies
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Tamil Nadu History
TN Geography
Indian Polity
Economy
Development Admin
quiz Questions
Q111
Primary sector in India mainly includes
Agriculture and allied activities
Revenue deficit
Fiscal deficit
Primary deficit
Explanation
Primary sector extracts and harvests natural products.
Q112
Secondary sector mainly includes
Primary deficit
Revenue deficit
Manufacturing and industry
Fiscal deficit
Explanation
Secondary sector processes raw materials into goods.
Q113
Tertiary sector mainly includes
Primary deficit
Fiscal deficit
Revenue deficit
Services
Explanation
Service activities are categorized under tertiary sector.
Q114
The policy to liberalize Indian economy started in
Revenue deficit
Primary deficit
Fiscal deficit
1991
Explanation
Major economic reforms began in 1991.
Q115
The balance of payments records
Revenue deficit
Primary deficit
All economic transactions with rest of world
Fiscal deficit
Explanation
BoP has current account and capital account entries.
Q116
Current account includes
Trade in goods and services, income and transfers
Revenue deficit
Fiscal deficit
Primary deficit
Explanation
Current account records non-capital external transactions.
Q117
A direct tax is
Fiscal deficit
Primary deficit
Income tax
Revenue deficit
Explanation
Income tax burden cannot be shifted and is direct tax.
Q118
A regressive tax is one where tax burden is relatively higher on
Fiscal deficit
Lower income groups
Revenue deficit
Primary deficit
Explanation
Regressive taxation takes larger share from poorer people.
Q119
MSP in agriculture stands for
Minimum Support Price
Fiscal deficit
Primary deficit
Revenue deficit
Explanation
MSP is announced to protect farmers from sharp price fall.
Q120
Public Distribution System is mainly aimed at
Food security
Primary deficit
Fiscal deficit
Revenue deficit
Explanation
PDS distributes essential food grains at subsidized prices.