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INDIAN ECONOMY ON THE EVE OF INDEPENDENCE

Total questions: 49

Worksheet time: 24mins

Name
Class
Date
1.

The opening of Suez canal served as a direct route for ships operating between:

a)

India and America

b)

India and Sri Lanka

c)

India and Pakistan

d)

India and Britain

2.

Which year is described as a "Year of Great Divide"?

a)

1931

b)

1921

c)

1941

d)

1911

3.

More than half of India's foreign trade during the British rule was restricted to:

a)

China

b)

Britain

c)

Korea

d)

Sri Lanka

4.

India's jute industry suffered heavily due to __________ after partition.

a)

Lack of Raw Material

b)

Famines

c)

Earthquakes

d)

None of these

5.

The main reason for decline in handicraft industry during the colonial rule was:

a)

Lack of raw materials

b)

Lack of Skilled workers

c)

Discriminatory tariff policy

d)

None of the above

6.

Which of the following industry was adversely affected by partition:

a)

Silk

b)

Jute

c)

Cotton

d)

Nylon

7.

The most important infrastructure during the British Rule in India was:

a)

Airways

b)

Railways

c)

Waterways

d)

None of the above

8.

The rate of growth of per capita output per year in India during the first half of the twentieth century was:

a)

0.8

b)

1.5

c)

0.5

d)

2.3

9.

Decline of handicrafts industries led to:

a)

Export of finished goods

b)

Massive unemployment

c)

Both (a) and (b)

d)

None of the above

10.

Occupational Structure refers to:

a)

Nature of workforce

b)

Size of workforce

c)

Number of people living in a country

d)

Distribution of workforce among different occupations.

11.

When was the planning commission set up?

a)

1949

b)

1950

c)

1951

d)

1850

12.

Which of the following is not a goal of five year plan?

a)

Growth

b)

Equality

c)

Land reforms

d)

Modernisation

13.

Capitalist Economy is controlled and operated by

a)

Private sector

b)

Public sector

c)

Both A and B

d)

None of the above

14.

India adopted the ____________ economic system.

a)

Capitalist

b)

Mixed

c)

Socialist

d)

None of the above

15.

Which one of these is a central problem of an Economy?

a)

What to produce

b)

How to produce

c)

For whom to produce

d)

All of the above

16.

______________economy is the economy in which means of production are owned, controlled and operated by the government.

a)

Mixed

b)

Socialist

c)

Capitalist

d)

None of the above

17.

Which of the following explains the term economic growth?

a)

Increase in per capita production

b)

Increase in per capita real income

c)

Structural change in the economy

d)

All of the above

18.

Which of the following organisation looks after the credit needs of agriculture and rural development in India.

a)

FCI

b)

IDBI

c)

NABARD

d)

ICAR

19.

Who is the governor of RBI at present.

a)

Urjit Patel

b)

Shakti Kant Das

c)

Raghuram Rajan

d)

Manmohan Singh

20.

Which year is known as the"Year of Great Divide"

a)

1921

b)

1951

c)

1981

d)

1991

21.

RBI doesn't consist of

a)

Longevity

b)

Knowledge

c)

Life Expectancy

d)

Standard of living

22.

When was New Economic Policy introduced in India

a)

1991

b)

1981

c)

1995

d)

2000

23.

GATT stands for

a)

Genral Agreement on Trade and Tariff

b)

Government Association for Trade and Tariff

c)

General Agreement on terms of Trade

d)

Government Agreement on terms of Trade

24.

When was Navratna Policy announced

a)

1992

b)

1991

c)

1995

d)

1996

25.

Name the Finance Minister of India

a)

Arun Jetly

b)

Nirmala Sitaraman

c)

Urjit Patel

d)

P.Chidambaram

26.

What was the immediate crisis India faced in the beginning of the 1990s

a)

Inflation

b)

Debt Trap

c)

Foreign exchange crisis

d)

All of the above

27.

How many industries are reserved for public sector at present

a)

4

b)

17

c)

6

d)

3

28.

Mahalanobis Modal was started in ____________ Five year plan.

a)

First

b)

Second

c)

Tenth

d)

Eleventh

29.
In the history of demographic transition, which year is regarded as the year of great divide?
a)
1901
b)
1902
c)
1921
d)
1923
30.
What was the life expectancy in India during British rule?
a)
65
b)
38
c)
32
d)
44
31.
Indian economy on the eve of Independence was
a)
underdeveloped
b)
deviloping
c)
stagnant
d)
semi feudal
32.
who made significant estimates about calculating national income I India during the British period?
a)
Dadabhai naoroji
b)
Findley Shirras
c)
William Digby
d)
V K R V Rao
33.
Suez canal was opened for transport in---------
a)
1850
b)
1853
c)
1869
d)
1901
34.
Land ceiling refers to--
a)
fixing rural land holding at the existing level
b)
fixing qantum of land held by an individual
c)
fixing urban land holding at the existing level
d)
fixing land area for irrigation purpose
35.
which of the following industry was not reserved for the government in industrial policy resolution 1956?
a)
Iron and steel
b)
Transport
c)
Atomic energy
d)
Railways transport
36.

India's jute industry suffered heavily due to __________ after partition.

a)

Lack of Raw Material

b)

Famines

c)

Earthquakes

d)

None of these

37.

More than half of India's foreign trade during the British rule was restricted to:

a)

China

b)

Britain

c)

Korea

d)

Sri Lanka

38.

The main reason for decline in handicraft industry during the colonial rule was:

a)

Lack of raw materials

b)

Lack of Skilled workers

c)

Discriminatory tariff policy

d)

None of the above

39.

Which of the following industry was adversely affected by partition:

a)

Silk

b)

Jute

c)

Cotton

d)

Nylon

40.

The most important infrastructure during the British Rule in India was:

a)

Airways

b)

Railways

c)

Waterways

d)

None of the above

41.

The rate of growth of per capita output per year in India during the first half of the twentieth century was:

a)

0.8

b)

1.5

c)

0.5

d)

2.3

42.

Decline of handicrafts industries led to:

a)

Export of finished goods

b)

Massive unemployment

c)

Both (a) and (b)

d)

None of the above

43.

Occupational Structure refers to:

a)

Nature of workforce

b)

Size of workforce

c)

Number of people living in a country

d)

Distribution of workforce among different occupations.

44.

Which is regarded as the defining year to mark the demographic transition from its first to second decisive stage?

a)

1922

b)

1925

c)

1926

d)

1921

45.

When was railways introduced in India?

a)

1856

b)

1850

c)

1851

d)

1848

46.

During the time of Indian independence what was IMR?

a)

216

b)

218

c)

220

d)

214

47.

During the time of Indian independence what was the literacy rate?

a)

less than 15%

b)

less than 16%

c)

less than 18%

d)

less than 12%

48.

Which of the following industry was adversely affected by partition:

a)

Silk

b)

Jute

c)

Cotton

d)

Nylon

49.

Occupational Structure refers to:

a)

Nature of workforce

b)

Size of workforce

c)

Number of people living in a country

d)

Distribution of workforce among different occupations.

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