Economy and Finance Questions and Answers for TNPSC Exam Part 2
21. What is the main objective of the Pradhan
Mantri Mudra Yojana (PMMY) in India?
Providing loans to small and micro-enterprises
22. Which government body in India is
responsible for formulating and implementing the country's fiscal policies?
Ministry of Finance, Government of India
23. What is the term for a situation where an
individual or organization cannot meet its financial obligations and repay
debts?
Bankruptcy
24. What is the purpose of the National Rural
Livelihoods Mission (NRLM) in India?
Reducing poverty through livelihood promotion and skill development
25. Which government body in India is
responsible for issuing currency notes and coins?
Reserve Bank of India (RBI)
26. What is the primary objective of the
Pradhan Mantri Jan Arogya Yojana (PMJAY) in India?
Providing health insurance coverage to vulnerable families
27. What is the term for the rate at which the
central bank lends money to commercial banks in India?
Repo Rate
28. What is the main function of the Small
Industries Development Bank of India (SIDBI)?
Promoting and financing small-scale industries in India
29. What is the term for a situation where the
value of a currency falls relative to other currencies, leading to higher
prices of imports?
Currency Depreciation
30. What is the purpose of the Pradhan Mantri
Fasal Bima Yojana (PMFBY) in India?
Providing crop insurance to farmers
31. What is the term for the total value of a
country's exports and imports of goods and services in a specific time period?
Balance of Payments
32. What is the full form of FDI, a term often
used in the context of foreign investments in India?
Foreign Direct Investment
33. Which organization is responsible for
regulating and supervising the insurance sector in India?
Insurance Regulatory and Development Authority of India (IRDAI)
34. What is the term for the measure of the
overall increase in the price level of a basket of goods and services over
time?
Consumer Price Index (CPI)
35. What is the purpose of the Swachh Bharat
Abhiyan (Clean India Campaign) launched by the Government of India?
Promoting cleanliness and sanitation
36. What is the term for the central bank's
ability to influence the money supply and interest rates in an economy?
Monetary Policy
37. What is the main objective of the Digital
India initiative launched by the Government of India?
Promoting digital literacy and digitalization of government services
38. What is the term for a market condition
where a single seller dominates the market for a particular product?
Monopoly
39. What is the purpose of the Pradhan Mantri
Suraksha Bima Yojana (PMSBY) in India?
Providing insurance coverage against accidental death and disability
40. What is the term for a tax levied on the
income of individuals and businesses by the central government in India?
Direct Tax
