Foundation of Business

. The maritime routes linked the _____ and the ____ by sea and were used for the trade of spices and known as ‘spice route’.

• East , West

• North, South

• Europe , India

• China, India

Indigenous banking system played a prominent role in ancient time in

• lending money and financing domestic and foreign trade with currency and letter of credit

• depositing money , lending money , locker , banking facility

• lending money and financing domestic trade with currency and letter of credit, along with deposit of precious metals

• lending money and financing domestic and foreign trade with currency , along with deposit of precious metals

_______ and _______ were important components of the economic life of ancient people.

• Agriculture,the domestication of animals

• Agriculture ,trading

• Agriculture , domestication and trading

• none of these

Skilled artisans worked and converted raw materials into finished goods which were high in demand that time in (a)   .

(a)   was particularly valued in the Roman Empire and was known as ‘Black Gold’.

Which of the following is not the correct option with respect to Exports carried out by India

• —hides, skin, furs, horns, tortoise shells, pearls,

• horns, tortoise shells, pearls, sapphires, quartz, crystal,

• horns, tortoise shells, pearls, sapphires, quartz, crystal,

• horns, tortoise shells, tin, copper, lead

The country was often referred to as (a)   in the writings of many travellers, such as Megasthenes, Faxian

The British empire began to take roots in India in the

• early 18th century

• mid – 18th century.

• late 18th century

India relied heavily on borrowings from foreign sources and finally, agreed to economic liberalisation in (a)  

The Government of India started programs and campaign such as ‘Make in India’, Skill India’, ‘Digital India’ in (a)   .