Economy and Finance Questions and Answers for TNPSC Exam Part 3
41. What is the main objective of the Atal Pension Yojana (APY) in India?
Providing a pension to workers in the unorganized sector
42. What is the term for the total value of
all final goods and services produced within a country's borders in a specific
time period?
Gross National Product (GNP)
43. Which government body in India is
responsible for regulating and supervising the capital market, including stock
exchanges?
Securities and Exchange Board of India (SEBI)
44. What is the term for the condition where
there is a sustained decrease in the general price level of goods and services
in an economy?
Deflation
45. What is the primary function of the National
Bank for Agriculture and Rural Development (NABARD) in India?
Financing rural and agricultural development projects
46. What is the term for a tax levied on the
production and sale of goods and services in India?
Indirect Tax
47. What is the main objective of the Pradhan
Mantri Kisan Samman Nidhi (PM-KISAN) scheme in India?
Providing income support to farmers
48. What is the term for a situation where the
value of a currency rises relative to other currencies, leading to lower prices
of imports?
Currency Appreciation
49. What is the purpose of the Pradhan Mantri
Awas Yojana (PMAY) in India?
Providing affordable housing to economically weaker sections
50. What is the term for a tax levied on the
transfer of goods and services in India?
Value Added Tax (VAT)
51. What is the main objective of the Pradhan
Mantri Shram Yogi Maan-dhan (PM-SYM) scheme in India?
Providing a pension to unorganized sector workers
52. What is the term for the rate at which the
central bank borrows money from commercial banks in India?
Reverse Repo Rate
53. What is the purpose of the National Rural
Health Mission (NRHM) in India?
Improving healthcare services in rural areas
54. What is the term for the process of
converting government-owned enterprises into privately-owned enterprises?
Privatization
55. What is the main objective of the Pradhan
Mantri Ujjwala Yojana (PMUY) in India?
Providing LPG connections to below-poverty-line households
56. What is the term for the practice of
investing in a diverse range of assets to reduce risk?
Diversification
57. What is the purpose of the Swavalamban
Yojana (NPS Lite) in India?
Promoting pension savings among unorganized sector workers
58. What is the term for the rate at which
banks lend money to each other for short-term loans in India?
Interbank Rate
59. What is the main objective of the Pradhan
Mantri Krishi Sinchai Yojana (PMKSY) in India?
Promoting efficient water use in agriculture
60. What is the term for a tax levied on the
profit earned by businesses in India?
Corporate Tax
