Quiz on History of Indian Economy

During which period did the Indus Valley civilization flourish?

• 3500 BC to 1800 BC

• 600 BC to 300 BC

• 321 BC to 185 BC

• 1526 AD to 1858 AD

Which empire united most of the Indian subcontinent around 300 B.C.?

• British Empire

• Mughal Empire

• Maratha Empire

• Maurya Empire

What was the estimated gross domestic product of Mughal India in 1600 AD?

• 27.5% of the world economy

• 24.3% of the world economy

• 30.2% of the world economy

• 25.1% of the world economy

Under British colonial rule, what did India change from being an exporter of?

• Processed goods

• Raw materials

• Luxury items

• Handicrafts

When did India implement its first Five Year Plan for economic development?

• 1980

• 1952

• 1991

• 1947

What was the average annual growth rate of the Indian economy from 1951 to 1979?

• 1.0%

• 3.1%

• 2.5%

• 4.8%

In which decade did India experience a balance of payments crisis due to increased borrowing from foreign sources?

• 1960s

• 1970s

• 1980s

• 1990s

Who quoted Victor Hugo in 1991 while presenting the budget and mentioned the emergence of India as a major economic power?

• Manmohan Singh

• Indira Gandhi

• Jawaharlal Nehru

• Rajiv Gandhi

What is the current estimated GDP of India in trillion dollars?

• 1.85 trillion

• 1.75 trillion

• 1.50 trillion

• 1.25 trillion

According to projections, what is India's share in world output expected to be by 2040?

• 25.5%

• 20.8%

• 15.8%

• 10.3%