Indian Economy Textbook Questions – Features of the Indian Economy (Part 1)

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Indian Economy Textbook Questions – Features of the Indian Economy (Part 1) – 15 questions, subject: Economy. Every question has the correct answer with a one-line explanation; tap "Show Answer". Free practice for TNPSC, UPSC, SSC, Bank and RRB exams – Shanmugam IAS Academy, Coimbatore.

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1.  
Who is known as the father of capitalism?

Correct Answer: B [Adam Smith]

Explanation:

Adam Smith (1776). Marx = socialism.

2.  
As per the Class 10 textbook classification, mining belongs to which sector?

Correct Answer: A [Primary sector]

Explanation:

It is primary because it is obtained directly from nature.

3.  
As per Census 2011, what is the population density of India (per sq. km)?

Correct Answer: C [382]

Explanation:

382. 325 = 2001; 117 = 1951; 555 = Tamil Nadu.

4.  
Which year is called the "Year of Great Divide"?

Correct Answer: D [1921]

Explanation:

Population rose continuously after 1921. 1951 = small divide.

5.  
Who wrote "Economy of Permanence"?

Correct Answer: A [J.C. Kumarappa]

Explanation:

J.C. Kumarappa (1945).

6.  
Who first estimated India's per capita income (1867-68)?

Correct Answer: D [Dadabhai Naoroji]

Explanation:

Naoroji. Rao = first estimate by a scientific method.

7.  
The price mechanism is called the heart of which economic system?

Correct Answer: B [Capitalism]

Explanation:

Under socialism, central planning replaces the price mechanism.

8.  
Knowledge-based services such as research and consultancy belong to which level?

Correct Answer: C [Quaternary]

Explanation:

Quaternary. High-level decision-making jobs = quinary.

9.  
Which country put forward Gross National Happiness (GNH) in 1972?

Correct Answer: B [Bhutan]

Explanation:

Bhutan's King Jigme Singye Wangchuck.

10.  
Which of the following is NOT a "BIMARU" state?

Correct Answer: C [Kerala]

Explanation:

BIMARU = Bihar, Madhya Pradesh, Rajasthan, Uttar Pradesh.

11.  
Match the following:
a. Adam Smith1. Democratic socialism
b. Karl Marx2. Doctrine of trusteeship
c. Jawaharlal Nehru3. Father of capitalism
d. Mahatma Gandhi4. Father of socialism

Correct Answer: C [3 4 1 2]

Explanation:

Smith 3, Marx 4, Nehru 1, Gandhi 2.

12.  
Which of the following statements are correct?
  1. India is a mixed economy.
  2. The tertiary sector has the largest share in GVA.
  3. The secondary sector has the largest share in employment.

Correct Answer: A [1, 2 only]

Explanation:

The primary sector is first in employment (43.3%).

13.  
Which of the following is a weakness of the Indian economy?

Correct Answer: D [Jobless growth]

Explanation:

The other three are strengths listed in the textbook.

14.  
Assertion (A): Poverty persists in India despite rapid GDP growth.
Reason (R): Economic growth does not automatically become economic development.
கூற்று–காரண வினாக்களுக்கான தேர்வுகள்
(A) கூற்றும் காரணமும் சரி; காரணம் கூற்றுக்குச் சரியான விளக்கம்
(B) கூற்றும் காரணமும் சரி; ஆனால் காரணம் சரியான விளக்கம் அல்ல
(C) கூற்று சரி; காரணம் தவறு
(D) கூற்று தவறு; காரணம் சரி
Options for Assertion–Reason questions
(A) Both A and R are true; R is the correct explanation of A
(B) Both A and R are true; R is not the correct explanation of A
(C) A is true; R is false
(D) A is false; R is true

Correct Answer: A []

Explanation:

The benefits of growth have not reached everyone.

15.  
Match the following (among States, Census 2011):
a. Highest density1. Kerala
b. Lowest density2. Haryana
c. Highest sex ratio3. Arunachal Pradesh
d. Lowest sex ratio4. Bihar

Correct Answer: B [4 3 1 2]

Explanation:

Bihar, Arunachal Pradesh, Kerala, Haryana.

? Full lessons and explanations – Indian Economy PDF textbook (₹299): www.shanmugamiasacademy.in/study-materials/tnpsc-gs-unit-5-indian-economy

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