Worksheets12 economics 1
Total questions: 158
Worksheet time: 1hrs 19mins
When was the planning commission set up?
1949
1950
1951
1850
Which of the following is not a goal of five year plan?
Growth
Equality
Land reforms
Modernisation
Capitalist Economy is controlled and operated by
Private sector
Public sector
Both A and B
None of the above
India adopted the ____________ economic system.
Capitalist
Mixed
Socialist
None of the above
Which one of these is a central problem of an Economy?
What to produce
How to produce
For whom to produce
All of the above
______________economy is the economy in which means of production are owned, controlled and operated by the government.
Mixed
Socialist
Capitalist
None of the above
Which of the following explains the term economic growth?
Increase in per capita production
Increase in per capita real income
Structural change in the economy
All of the above
Which of the following organisation looks after the credit needs of agriculture and rural development in India.
FCI
IDBI
NABARD
ICAR
Who is the governor of RBI at present.
Urjit Patel
Shakti Kant Das
Raghuram Rajan
Manmohan Singh
Which year is known as the"Year of Great Divide"
1921
1951
1981
1991
RBI doesn't consist of
Longevity
Knowledge
Life Expectancy
Standard of living
When was New Economic Policy introduced in India
1991
1981
1995
2000
GATT stands for
Genral Agreement on Trade and Tariff
Government Association for Trade and Tariff
General Agreement on terms of Trade
Government Agreement on terms of Trade
When was Navratna Policy announced
1992
1991
1995
1996
Name the Finance Minister of India
Arun Jetly
Nirmala Sitaraman
Urjit Patel
P.Chidambaram
What was the immediate crisis India faced in the beginning of the 1990s
Inflation
Debt Trap
Foreign exchange crisis
All of the above
How many industries are reserved for public sector at present
4
17
6
3
Mahalanobis Modal was started in ____________ Five year plan.
First
Second
Tenth
Eleventh
The opening of Suez canal served as a direct route for ships operating between:
India and America
India and Sri Lanka
India and Pakistan
India and Britain
Which year is described as a "Year of Great Divide"?
1931
1921
1941
1911
More than half of India's foreign trade during the British rule was restricted to:
China
Britain
Korea
Sri Lanka
India's jute industry suffered heavily due to __________ after partition.
Lack of Raw Material
Famines
Earthquakes
None of these
The main reason for decline in handicraft industry during the colonial rule was:
Lack of raw materials
Lack of Skilled workers
Discriminatory tariff policy
None of the above
Which of the following industry was adversely affected by partition:
Silk
Jute
Cotton
Nylon
The most important infrastructure during the British Rule in India was:
Airways
Railways
Waterways
None of the above
The rate of growth of per capita output per year in India during the first half of the twentieth century was:
0.8
1.5
0.5
2.3
Decline of handicrafts industries led to:
Export of finished goods
Massive unemployment
Both (a) and (b)
None of the above
Occupational Structure refers to:
Nature of workforce
Size of workforce
Number of people living in a country
Distribution of workforce among different occupations.
At the time of independence of our country in which industries did we excel?
Handicrafts
Precious stone work
Cotton
All of the above
Who among the following took attempts to calculate national income of India on the eve of independence?
Dadabhai Naoroji
VKRV Rao
Findlay Shirras
All of the above
When was TISCO incorporated?
1909
1908
1907
1906
In which year was the first official census conducted?
1881
1882
1883
1884
During the time of Indian independence what was the literacy rate?
less than 15%
less than 16%
less than 18%
less than 12%
During the time of Indian independence what was IMR?
216
218
220
214
When was railways introduced in India?
1856
1850
1851
1848
Which of the following is a cash crop?
Rice
Wheat
Cotton
None of the above
Which is regarded as the defining year to mark the demographic transition from its first to second decisive stage?
1922
1925
1926
1921
Were there any positive contributions made by the British in India?
Introduction to railways
Commercialization of agriculture
Promoted western culture
All of the above
The opening of the Suez canal served as a direct route for ships operating between_______.
India and America
India and Sri lanka
India and Britain
India and Pakistan
Opening of Suez Canal was in the year ________
1850
1969
1869
1853
The main reason for decline in handicraft industry during the colonial rule was:
Lack of raw materials
Lack of Skilled workers
Discriminatory tariff policy
None of the above
India's jute industry suffered heavily due to __________ after partition.
Lack of Raw Material
Famines
Earthquakes
None of these
Which of the following industry was adversely affected by partition:
Silk
Jute
Cotton
Nylon
The rate of growth of per capita output per year in India during the first half of the twentieth century was:
0.8
1.5
0.5
2.3
Decline of handicrafts industries led to:
Export of finished goods
Massive unemployment
Both (a) and (b)
None of the above
Occupational Structure refers to:
Nature of workforce
Size of workforce
Number of people living in a country
Distribution of workforce among different occupations.
More than half of India's foreign trade during the British rule was restricted to:
China
Britain
Korea
Sri Lanka
The foundation of british empire in India was laid by Battle of Plassey fought in _____
1775
1857
1756
1757
The rate of growth of real output during the first half of the 20th century in our country was ____________.
Less than 1%
Less than 2%
Less than 3%
Both (a) and (b)
What was the percentage of people living in village and deriving their livelihood from agriculture during British period in India?
72%
88%
79%
25%
What was the life expectancy in India during British rule?
65
38
45
32
When was the first postage stamp released in India?
1830
1840
1847
1852
When were the railways introduced in India?
1769
1825
1850
1875
Which was the most important infrastructure developed during the British rule?
Railways
Air transport
Water transport
Roadways.
Introduction of ___________ tariff policy by the Britishers led to the decay of Indian handicraft industries.
Zamindari
Modernization
Discriminatory
None of these
Industries which produce machines and equipment's to help in further production of goods is called (a) industries.
The first census data were collected in __________ during the British rule.
1881
1891
1911
1921
_______________ is the year of divide between the first and the second stage of demographic transition.
1881
1891
1911
1921
The overall literacy level during the British rule was less than (a) .
Which of the following was the main features of Indian economy on the eve of independence?
Semi-feudal economy
Urbanized economy
Industrial economy
All of these
On the eve of independence, the proportion of population was engaged in industrial sector was:
approx. 10%
approx. 20%
approx. 15%
approx. 26%
Back ward economy is the one which shows:
high growth in income.
low level of productivity.
slow growth in income.
both (a) and (b)
Per Capital Income =
PopulationNational Income
PopulationNational Income ×100
National IncomeGross Domestic Product
National IncomeGDP×100
Economic infrastructure includes:
communication
banking
power
all of these.
Distribution of working population among different sectors of the economy is called:
occupational structure
output structure
population structure
gender structure.
Indian economy at the time of independence was a/an _________ economy.
Industrial
agricultural
only (a) and not (b)
both (a) and (b)
Mining as a production activity, belongs to __________ sector of the economy.
Primary
Secondary
Tertiary
None of these.
On the eve of independence, only heavy and basic industries were developed in the Indian economy.
True
False
None of these
Which year is described as year of great divide
1931
1921
1941
1911
Decline of handicraft industry lead to
Massive unemployment
Sale of finished goods
Export of finished goods
All of these
The first official census was conducted in the year
(a)
(a) of agriculture means production of crops for sale in the market rather than for self consumption
Which industry received the major set back during the the colonial rule ?
Cement
Handicraft
Paper
Iron and steel
The foundation of british empire in India was laid by Battle of Plassey fought in _____
1775
1857
1756
1757
The main reason for stagnation in agriculture sector during British rule was :
Land settlement system
De- industrialisation
Lack of technology
Commercialization of agriculture
More than 1/2 of India's foreign trade was restricted to (a) while the rest was allowed with few other countries .
What is another name for service sector
Tertiary
Primary
Secondary
Agriculture
What was the nature of indian economy on the eve of independence
Stagnant
Backward
Underdeveloped
All of these
Which year is known as the"Year of Great Divide"
1921
1951
1981
1991
Name the Finance Minister of India
Arun Jetly
Nirmala Sitaraman
Urjit Patel
P.Chidambaram
The opening of Suez canal served as a direct route for ships operating between:
India and America
India and Sri Lanka
India and Pakistan
India and Britain
More than half of India's foreign trade during the British rule was restricted to:
China
Britain
Korea
Sri Lanka
India's jute industry suffered heavily due to __________ after partition.
Lack of Raw Material
Famines
Earthquakes
None of these
The main reason for decline in handicraft industry during the colonial rule was:
Lack of raw materials
Lack of Skilled workers
Discriminatory tariff policy
None of the above
The most important infrastructure during the British Rule in India was:
Airways
Railways
Waterways
None of the above
Decline of handicrafts industries led to:
Export of finished goods
Massive unemployment
Both (a) and (b)
None of the above
At the time of independence of our country in which industries did we excel?
Handicrafts
Precious stone work
Cotton
All of the above
Who among the following took attempts to calculate national income of India on the eve of independence?
Dadabhai Naoroji
VKRV Rao
Findlay Shirras
All of the above
When was TISCO incorporated?
1909
1908
1907
1906
In which year was the first official census conducted?
1881
1882
1883
1884
During the time of Indian independence what was the literacy rate?
less than 15%
less than 16%
less than 18%
less than 12%
Which of the following is a cash crop?
Rice
Wheat
Cotton
None of the above
In how many sectors is the occupational structure of India is divide
one
two
three
four
What is another name for the service sector?
(A) Tertiary
(B) Primary
(C) Secondary
(D) Agriculture
What was the nature of the Indian economy on the eve of independence?
Stagnant
Backward
Underdeveloped
All of these
What was the life expectancy at birth in India on the eve of Independence?
44 years
50 years
60 years
all of above
What was the growth rate of per capita income in India on the eve of Independence?
0.9 %
0.5 %
1.2 %
3 %
Which of the following activities is included in the primary sector?
Agriculture
Services
Industries
all of these
In which of the following sectors is manufacturing activity included?
Primary
Tertiary
Secondary
All of these
Where was the first iron and steel company established?
Kolkata
Jamshedpur
Patna
Ranchi
What is the tax or duty on imports called?
Tariff
Quota
Export
All of these
Which of the following was the major occupation on the eve of independence?
Industry
Services
Agriculture
None of above
1. Assertion: Colonial government levied 0% import duty on British goods imported in India.
Reason: Colonial government systematically destroyed Indian handicraft industry.
Both A and R are true and R is the correct explanation of A.
Both A and R are true but R is NOT the correct explanation of A.
A is true but R is false.
D - A is false but R is true
Both A and R are false
1. Read the following statement- Assertion (A) and Reason (R). Choose one of the correct alternatives given below
Assertion: Some efforts were made by the Colonial Regime to improve infrastructure facilities in India.
Reason: The real objective of the British was to subserve various Colonial interests.
Both A and R are true but R is the correct explanation of A.
Both A and R are true but R is not correct explanation of A.
A is true but R is false.
A is false bu
1. Assertion (A): The two important industries which were adversely affected by partition were Cotton textile and Jute industry.
Reason (R): India faced problem of rehabilitation of large number of refugees from Pakistan.
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion
Assertion (A) is true but Reason (R) is false.
Assertion (A) is false but Reason (R) is true
1. Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): The construction of railways led to huge economic losses to the Indian economy.
Reason (R): It enhanced commercialization of Indian agriculture, which adversely affected the comparative self-sufficiency of the village economies in India.
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A)
Assertion (A) is true but Reason (R) is false.
Assertion (A) is false but Reason (R) is true.
Assertion (A): During the colonial rule, the British built roads to create good infrastructure in the country
Reason (R): The main motive of building of roads by the British in India was to mobilise the army
Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).
Both Assertion (A) and Reason (R) are true, and Reason (R) is not the correct explanation of Assertion (A).
Assertion (A) is true, but Reason (R) is false.
Assertion (A) is false, but Reason (R) is true.
1. Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): The construction of railways led to huge economic losses to the Indian economy.
Reason (R): It enhanced commercialization of Indian agriculture, which adversely affected the comparative self-sufficiency of the village economies in India.
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A)
Assertion (A) is true but Reason (R) is false.
Assertion (A) is false but Reason (R) is true.
Assertion (A): Railways was the most important infrastructure developed during the British period.
Reason (R) : Railways enabled people to undertake long distance travel. It broke geographical and cultural barriers which promoted national integration.
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Both Assertion (A) and Reason (R) are true and Reason (R) is not the
Assertion (A) is true but Reason (R) is false. correct explanation of Assertion(A).
Assertion (A) is false but Reason (R) is true.
Assertion (A) : By introducing Indian railways, British government dug its own grave in India.
Reason (R) : Indian railways allowed Indians to get help from foreign countries.
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A)
Assertion (A) is true but Reason (R) is false.
Assertion (A) is false but Reason (R) is true.
What is GDP
Value of all final goods and services produced within the national territory of the country over one year period
Value of all final goods and services produced within the domestic territory of the country over one year period
Value of all final goods and services produced within the domestic territory of the country over ten year period
Value of all intermediate goods and services produced within the domestic territory of the country over one year period
10. Assertion (A): India inherited a well-developed infrastructure from the British.
Reason (R): Britishers developed roads and introduced railways in India.
A and R both correct. R is correct explanation of A.
A and R both correct. R is not the correct explanation of A.
A is true but R is false.
A is false but R is true.
1. Read the following statement- Assertion (A) and Reason (R). Choose one of the correct alternatives given below
Assertion: Some efforts were made by the Colonial Regime to improve infrastructure facilities in India.
Reason: The real objective of the British was to subserve various Colonial interests.
Both A and R are true but R is the correct explanation of A.
Both A and R are true but R is not correct explanation of A.
A is true but R is false.
1) A is false but R is true.
10. Assertion (A) : The restrictive policies of commodity production, trade and tariff pursued by the Colonial government adversely affected the structure, composition and volume of India’s foreign trade.
Reason (R) : The export surplus generated during colonial period did not result in any flow of gold or silver into India.
a)
b)
c)
d)
Both Assertion (A) and Reason (R) are true and the Reason (R) is the correct explanation of Assertion (A)
Both Assertion (A) and Reason (R) are true and the Reason (R) is not the correct explanation of Assertion (A)
Assertion (A) is true but Reason (R) is false
Assertion (A) is false but Reason (R) is true
The second stage of demographic transition began after (a) in India.
Which year is described as a "Year of Great Divide"?
1931
1921
1941
1911
More than half of India's foreign trade during the British rule was restricted to:
China
Britain
Korea
Sri Lanka
The main reason for decline in handicraft industry during the colonial rule was:
Lack of raw materials
Lack of Skilled workers
Discriminatory tariff policy
None of the above
The most important infrastructure during the British Rule in India was:
Airways
Railways
Waterways
None of the above
Occupational Structure refers to:
Nature of workforce
Size of workforce
Number of people living in a country
Distribution of workforce among different occupations
Railways was introduced in the year
(a)
Literacy rate for female was during the British rule was
(a)
Birth rate during British rule was
(a)
State the reasons why death rate was high during British rule.( Any 2)
First official census was conducted in the year
(a)
Give reasons for low level of agricultural productivity during colonial rule ( any 2)
(a) industry was adversely affected during partition
The main interest of zamindars was to collect (a) regardless of the economic condition of the cultivators.
(a) of agriculture means production of crops for sale in the market rather than for self consumption
Worst affected famine on India was
(a)
The opening of Suez canal served as a direct route for ships operating between:
India and America
India and Sri Lanka
India and Pakistan
India and Britain
Which year is described as a "Year of Great Divide"?
1931
1921
1941
1911
More than half of India's foreign trade during the British rule was restricted to:
China
Britain
Korea
Sri Lanka
India's jute industry suffered heavily due to __________ after partition.
Lack of Raw Material
Famines
Earthquakes
None of these
The main reason for decline in handicraft industry during the colonial rule was:
Lack of raw materials
Lack of Skilled workers
Discriminatory tariff policy
None of the above
The most important infrastructure during the British Rule in India was:
Airways
Railways
Waterways
None of the above
The rate of growth of per capita output per year in India during the first half of the twentieth century was:
0.8
1.5
0.5
2.3
Decline of handicrafts industries led to:
Export of finished goods
Massive unemployment
Both (a) and (b)
None of the above
When was the planning commission set up?
1949
1950
1951
1850
Capitalist Economy is controlled and operated by
Private sector
Public sector
Both A and B
None of the above
India adopted the ____________ economic system.
Capitalist
Mixed
Socialist
None of the above
Which of the following explains the term economic growth?
Increase in per capita production
Increase in per capita real income
Structural change in the economy
All of the above
What was the percentage of people living in village and deriving their livelihood from agriculture during British period in India?
72%
88%
79%
25%
What was the life expectancy in India during British rule?
65
38
45
32
When was the first postage stamp released in India?
1830
1840
1847
1852
When were the railways introduced in India?
1769
1825
1850
1875
Industries which produce machines and equipment's to help in further production of goods is called (a) industries.
The first census data were collected in __________ during the British rule.
1881
1891
1911
1921
The overall literacy level during the British rule was less than (a) .
Economic infrastructure includes:
communication
banking
power
all of these.
Indian economy at the time of independence was a/an _________ economy.
Industrial
agricultural
only (a) and not (b)
both (a) and (b)
On the eve of independence, only heavy and basic industries were developed in the Indian economy.
True
False
None of these
(A): the zamindari system which was implemented in the then Bengal Presidency comprising parts of India’s present-day eastern states, the profit accruing out of the agriculture sector went to the zamindars instead of the cultivators.
(R) : this caused immense misery and social tension among the landless labourers.
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
Assertion (A) is true but Reason (R) is false
Assertion (A) is false but Reason (R) is true
What is deindustrialisation? What was the primary objective of deindustrialisation? [ 1+ 2= 3m]
Discuss the foreign trade which was prevalent in India before independence. [ 3 m]
Did export surplus help in the growth of the economy? Explain. { 2m}
Explain the occupational structure. [ 3m]
The Indian Railways was constructed by the British to boost the Indian economy. Defend or refute. [3 m]
