I am doing preparation for Group II Examination of TNPSC. I need important notes of Economics Subject. So will you please provide important notes on Economics Subject for TNPSC Group II Examination?

I am providing important notes of Economics Subject for TNPSC Group II Examination for your reference:

TNPSC Group II Exam Economics Important Questions:

1. In recent years, how have the capital outlays for the defence service?
Increasing steadily
2. Which tax is not levied by the Union Government?
Profession Tax
3. Which organizations agency is involved in drafting the Union Budget of India?
Administrative Ministries only
4. Which agency has the power to declare any industrial unit as a potentially sick unit?
BIFR
5. What is the mean of Invisible Export?
Export Services
6. Consequent upon the recommendations of the Working Group on Rural Banks, in which year were 5 Rural Regional Banks initially set up?
1975
7. Through which methods is the national income of India estimated mainly?
Production and income methods
8. From when was the Zero Base Budgeting in India first experimented?
April, 1987
9. On which do Companies pay Corporation Tax?
Incomes
10. Why is the Gross National Income always more than Net National Income?
Direct taxes
11. Which is at the apex of Industrial Finance in India?
Industrial Development Bank of India
12.Which bank gives long term loan to farmers?
Land Development Bank
13. During whose viceroyalty was the system of Budget introduced in India?
Canning
14. Who is the chairman of 13th Finance Commission?
Vijay Kelkar
15.Main’ bearers of the burden of indirect tax are?
Consumers
16.CENVAT is associated with which rate?
Rate of indirect tax
17.What does National income ignore?
Salary of employees
18. How is Indian economy ?
Mixed economy
19. Upon which development the Second Five Year Plan laid mote stress?
Industrialisation
20.Which is the amount of insurance cover provided to the workers of the unorganized sector under Rashtriya Swasthya Bima Yojana ?
Rs. 30,0007
21.Which sector of Indian Economy has shown remarkable expansion during the last decade?
Tertiary Sector
22.Hindu Rate of growth refers to the rate of growth of which sector?
GDP
23.In India, Hindu Rate of Growth is associated with which income?
National Income
24.What is the base year for computation of National Income in India?
1993-94
25.As the economy develops, what happens in the share of the tertiary sector in the GDP?
Increases

1. Which Mahatma Gandhi series of currency notes issued by the RBI has “ecology” depicted on it ?
Rs. 100
2. To prevent recurrence of scams in Indian Capital Market, To whom has the Government assigned regulatory powers?
SEBI
3. In 1921, the Presidency Banks of Bengal, Madras and Bombay were nationalised to give birth to which bank?
State Bank of India
4. From which sector does the highest sector wise contribution to gross domestic saving comes?
Household sector
5. In the short run, a producer,’ how long continues his production?
Fixed cost
6. What does Inflation imply?
Rise in general price index
7. When was the decimal system of currency introduced in India?
1957
8. What is the mean of Cheap Money?
Low Rate of Interest
9. Which bank is the Banker of the Banks?
RBI
10. From where does the National Stock Exchange functions?
Mumbai
11. In which activity percentage share of cooperative sector is the highest?
Sugar production
12. Economic Planning is a subject of which list?
Union List
13. When was the Rolling plan designed?
1978-83
14. Why is Poverty in less developed countries largely?
Due to income inequality
15. Among the Remedies of Inflation, what can we Include?
Lowering bank rate
16. Who sings on One-rupee Currency Notes?
Finance Secretary of India
17. Terms of economics, which recession occurring two times with a small gap in between?
Deep Recession
18. In India, which first bank of limited liability managed by Indians and founded in 1881?
Oudh Commercial Bank
19. Bouncing of cheques has become an offence. What is the punishment for the same?
6 months imprisonment
20. Which Public Sector bank’ emblem figures a dog and the words ‘faithful, friendly’ in it?
Syndicate Bank
21. Which is the updated base for Wholesale Price Index (WPI)?
2004-2005
22. After Textiles, which is India’s second Important Industry?
Iron and steel
23. Which Committee was formed to suggest means for Eradicating Black Money?
Cheiliah Committee
24. What is the mean of Ad Valorem?
According to value
25. The ‘Uruguay Round’ negotiations resulted in the establishment of which organization?
WTO

1. Poverty level in India is established on the basis of which expenditure?
House-hold consumer expenditure
2. Mid-Day Meal is a scheme to provide Nutrious food to which Childran?
school going children
3. Which is the largest single source of the Government’s earning from tax revenue?
Central excise
4. Which Taxes/duties is NOT under the jurisdiction of the Central Government?
Land Revenue
5. Which is the highest body that approves Five Years Plans in the country?
National Development Council
6. By whom was the Rolling Plan for backward country suggested?
Gunnar Myrdal
7. In which Five Year Plan, the main objective was the eradication of poverty?
Fifth Five Year Plan
8. Durgapur, Bhibei and Rourkela iron steel-plants were setup during which plan?
First Five Year Plan
9. The iron and Steel plants of Rourkela and Durgapur were conceived under which plan?
Second Five Year Plan
10. For which purpose, the Government has launched the Rajiv Awas Yojana?
To provide affordable houses to rural poor
11. What is the effect of inflation on tax revenue results in a situation?
Fiscal drag
12. By which band is Monetary policy regulated?
Central Bank
13. Immediately prior to change in the measure of Food Inflation, which index was being used for measuring it?
Wholesale Price Index
14. Who is responsible for the collection and publication of monetary and financial information?
Reserve Bank of India
15. Which bank provides the largest credit to agriculture and allied sectors?
Commercial Banks
16. Which is the apex institution in the sphere of Agriculture credit?
NABARD
17. The Bonded Labour System (Abolition) Act was legislated in which year?
1976
18. The Green Revolution in India was the outcome of the efforts of which person?
M. S. Swaminathan
19. Who is known as Father of White Revolution in India?
V. Kurien
20. The real introduction of Decentralized Planning in India was made for the first time during the which plan?
9th Plan
21. Planning Commission was established in 1950 through which order?
An executive order
22. The slogen ‘Garibi Hatao’ (Poverty abolition) was given in which Five Year Plan?
Fifth plan
23. In which one of year ‘Rolling Plan’ was on operation in India?
1978-79
24. The major emphasis in the First Five Year Plan was on which field?
Agriculture
25. National Rural Employment Guarantee Act (NREGA) does not promote?
Promote inclusive growth