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12 economics 1

Total questions: 158

Worksheet time: 1hrs 19mins

Name
Class
Date
1.

When was the planning commission set up?

a)

1949

b)

1950

c)

1951

d)

1850

2.

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

a)

Growth

b)

Equality

c)

Land reforms

d)

Modernisation

3.

Capitalist Economy is controlled and operated by

a)

Private sector

b)

Public sector

c)

Both A and B

d)

None of the above

4.

India adopted the ____________ economic system.

a)

Capitalist

b)

Mixed

c)

Socialist

d)

None of the above

5.

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

6.

______________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

7.

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

8.

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

9.

Who is the governor of RBI at present.

a)

Urjit Patel

b)

Shakti Kant Das

c)

Raghuram Rajan

d)

Manmohan Singh

10.

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

a)

1921

b)

1951

c)

1981

d)

1991

11.

RBI doesn't consist of

a)

Longevity

b)

Knowledge

c)

Life Expectancy

d)

Standard of living

12.

When was New Economic Policy introduced in India

a)

1991

b)

1981

c)

1995

d)

2000

13.

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

14.

When was Navratna Policy announced

a)

1992

b)

1991

c)

1995

d)

1996

15.

Name the Finance Minister of India

a)

Arun Jetly

b)

Nirmala Sitaraman

c)

Urjit Patel

d)

P.Chidambaram

16.

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

17.

How many industries are reserved for public sector at present

a)

4

b)

17

c)

6

d)

3

18.

Mahalanobis Modal was started in ____________ Five year plan.

a)

First

b)

Second

c)

Tenth

d)

Eleventh

19.

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

20.

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

a)

1931

b)

1921

c)

1941

d)

1911

21.

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

a)

China

b)

Britain

c)

Korea

d)

Sri Lanka

22.

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

a)

Lack of Raw Material

b)

Famines

c)

Earthquakes

d)

None of these

23.

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

24.

Which of the following industry was adversely affected by partition:

a)

Silk

b)

Jute

c)

Cotton

d)

Nylon

25.

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

a)

Airways

b)

Railways

c)

Waterways

d)

None of the above

26.

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

27.

Decline of handicrafts industries led to:

a)

Export of finished goods

b)

Massive unemployment

c)

Both (a) and (b)

d)

None of the above

28.

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.

29.

At the time of independence of our country in which industries did we excel?

a)

Handicrafts

b)

Precious stone work

c)

Cotton

d)

All of the above

30.

Who among the following took attempts to calculate national income of India on the eve of independence?

a)

Dadabhai Naoroji

b)

VKRV Rao

c)

Findlay Shirras

d)

All of the above

31.

When was TISCO incorporated?

a)

1909

b)

1908

c)

1907

d)

1906

32.

In which year was the first official census conducted?

a)

1881

b)

1882

c)

1883

d)

1884

33.

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%

34.

During the time of Indian independence what was IMR?

a)

216

b)

218

c)

220

d)

214

35.

When was railways introduced in India?

a)

1856

b)

1850

c)

1851

d)

1848

36.

Which of the following is a cash crop?

a)

Rice

b)

Wheat

c)

Cotton

d)

None of the above

37.

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

38.

Were there any positive contributions made by the British in India?

a)

Introduction to railways

b)

Commercialization of agriculture

c)

Promoted western culture

d)

All of the above

39.

The opening of the Suez canal served as a direct route for ships operating between_______.

a)

India and America

b)

India and Sri lanka

c)

India and Britain

d)

India and Pakistan

40.

Opening of Suez Canal was in the year ________

a)

1850

b)

1969

c)

1869

d)

1853

41.

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

42.

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

a)

Lack of Raw Material

b)

Famines

c)

Earthquakes

d)

None of these

43.

Which of the following industry was adversely affected by partition:

a)

Silk

b)

Jute

c)

Cotton

d)

Nylon

44.

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

45.

Decline of handicrafts industries led to:

a)

Export of finished goods

b)

Massive unemployment

c)

Both (a) and (b)

d)

None of the above

46.

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.

47.

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

a)

China

b)

Britain

c)

Korea

d)

Sri Lanka

48.

The foundation of british empire in India was laid by Battle of Plassey fought in _____

a)

1775

b)

1857

c)

1756

d)

1757

49.

The rate of growth of real output during the first half of the 20th century in our country was ____________.

a)

Less than 1%

b)

Less than 2%

c)

Less than 3%

d)

Both (a) and (b)

50.

What was the percentage of people living in village and deriving their livelihood from agriculture during British period in India?

a)

72%

b)

88%

c)

79%

d)

25%

51.

What was the life expectancy in India during British rule?

a)

65

b)

38

c)

45

d)

32

52.

When was the first postage stamp released in India?

a)

1830

b)

1840

c)

1847

d)

1852

53.

When were the railways introduced in India?

a)

1769

b)

1825

c)

1850

d)

1875

54.

Which was the most important infrastructure developed during the British rule?

a)

Railways

b)

Air transport

c)

Water transport

d)

Roadways.

55.

Introduction of ___________ tariff policy by the Britishers led to the decay of Indian handicraft industries.

a)

Zamindari

b)

Modernization

c)

Discriminatory

d)

None of these

56.

Industries which produce machines and equipment's to help in further production of goods is called (a)   industries.

57.

The first census data were collected in __________ during the British rule.

a)

1881

b)

1891

c)

1911

d)

1921

58.

_______________ is the year of divide between the first and the second stage of demographic transition.

a)

1881

b)

1891

c)

1911

d)

1921

59.

The overall literacy level during the British rule was less than (a)   .

60.

Which of the following was the main features of Indian economy on the eve of independence?

a)

Semi-feudal economy

b)

Urbanized economy

c)

Industrial economy

d)

All of these

61.

On the eve of independence, the proportion of population was engaged in industrial sector was:

a)

approx. 10%

b)

approx. 20%

c)

approx. 15%

d)

approx. 26%

62.

Back ward economy is the one which shows:

a)

high growth in income.

b)

low level of productivity.

c)

slow growth in income.

d)

both (a) and (b)

63.

Per Capital Income =

a)

National IncomePopulation\frac{National\ Income}{Population}

b)

National Income Population×100\frac{National\ Income\ }{Population}\times100

c)

Gross Domestic Pr⁡oductNational Income\frac{Gross\ Domestic\ \Pr oduct}{National\ Income}

d)

GDPNational Income×100\frac{GDP}{National\ Income}\times100

64.

Economic infrastructure includes:

a)

communication

b)

banking

c)

power

d)

all of these.

65.

Distribution of working population among different sectors of the economy is called:

a)

occupational structure

b)

output structure

c)

population structure

d)

gender structure.

66.

Indian economy at the time of independence was a/an _________ economy.

a)

Industrial

b)

agricultural

c)

only (a) and not (b)

d)

both (a) and (b)

67.

Mining as a production activity, belongs to __________ sector of the economy.

a)

Primary

b)

Secondary

c)

Tertiary

d)

None of these.

68.

On the eve of independence, only heavy and basic industries were developed in the Indian economy.

a)

True

b)

False

c)

None of these

69.

Which year is described as year of great divide

a)

1931

b)

1921

c)

1941

d)

1911

70.

Decline of handicraft industry lead to

a)

Massive unemployment

b)

Sale of finished goods

c)

Export of finished goods

d)

All of these

71.

The first official census was conducted in the year

(a)  

72.

(a)   of agriculture means production of crops for sale in the market rather than for self consumption

73.

Which industry received the major set back during the the colonial rule ?

a)

Cement

b)

Handicraft

c)

Paper

d)

Iron and steel

74.

The foundation of british empire in India was laid by Battle of Plassey fought in _____

a)

1775

b)

1857

c)

1756

d)

1757

75.

The main reason for stagnation in agriculture sector during British rule was :

a)

Land settlement system

b)

De- industrialisation

c)

Lack of technology

d)

Commercialization of agriculture

76.

More than 1/2 of India's foreign trade was restricted to (a)   while the rest was allowed with few other countries .

77.

What is another name for service sector

a)

Tertiary

b)

Primary

c)

Secondary

d)

Agriculture

78.

What was the nature of indian economy on the eve of independence

a)

Stagnant

b)

Backward

c)

Underdeveloped

d)

All of these

79.

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

a)

1921

b)

1951

c)

1981

d)

1991

80.

Name the Finance Minister of India

a)

Arun Jetly

b)

Nirmala Sitaraman

c)

Urjit Patel

d)

P.Chidambaram

81.

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

82.

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

a)

China

b)

Britain

c)

Korea

d)

Sri Lanka

83.

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

a)

Lack of Raw Material

b)

Famines

c)

Earthquakes

d)

None of these

84.

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

85.

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

a)

Airways

b)

Railways

c)

Waterways

d)

None of the above

86.

Decline of handicrafts industries led to:

a)

Export of finished goods

b)

Massive unemployment

c)

Both (a) and (b)

d)

None of the above

87.

At the time of independence of our country in which industries did we excel?

a)

Handicrafts

b)

Precious stone work

c)

Cotton

d)

All of the above

88.

Who among the following took attempts to calculate national income of India on the eve of independence?

a)

Dadabhai Naoroji

b)

VKRV Rao

c)

Findlay Shirras

d)

All of the above

89.

When was TISCO incorporated?

a)

1909

b)

1908

c)

1907

d)

1906

90.

In which year was the first official census conducted?

a)

1881

b)

1882

c)

1883

d)

1884

91.

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%

92.

Which of the following is a cash crop?

a)

Rice

b)

Wheat

c)

Cotton

d)

None of the above

93.

In how many sectors is the occupational structure of India is divide

a)

one

b)

two

c)

three

d)

four

94.

What is another name for the service sector?

a)

(A) Tertiary

b)

(B) Primary

c)

(C) Secondary

d)

(D) Agriculture

95.

What was the nature of the Indian economy on the eve of independence?

a)

Stagnant

b)

Backward

c)

Underdeveloped

d)

All of these

96.

What was the life expectancy at birth in India on the eve of Independence?

a)

44 years

b)

50 years

c)

60 years

d)

all of above

97.

What was the growth rate of per capita income in India on the eve of Independence?

a)

0.9 %

b)

0.5 %

c)

1.2 %

d)

3 %

98.

Which of the following activities is included in the primary sector?

a)

Agriculture

b)

Services

c)

Industries

d)

all of these

99.

In which of the following sectors is manufacturing activity included?

a)

Primary

b)

Tertiary

c)

Secondary

d)

All of these

100.

Where was the first iron and steel company established?

a)

Kolkata

b)

Jamshedpur

c)

Patna

d)

Ranchi

101.

What is the tax or duty on imports called?

a)

Tariff

b)

Quota

c)

Export

d)

All of these

102.

Which of the following was the major occupation on the eve of independence?

a)

Industry

b)

Services

c)

Agriculture

d)

None of above

103.

1. Assertion: Colonial government levied 0% import duty on British goods imported in India.

Reason: Colonial government systematically destroyed Indian handicraft industry.

a)

Both A and R are true and R is the correct explanation of A.

b)

Both A and R are true but R is NOT the correct explanation of A.

c)

A is true but R is false.

D - A is false but R is true

d)

Both A and R are false

104.

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.

a)

Both A and R are true but R is the correct explanation of A.

b)

Both A and R are true but R is not correct explanation of A.

c)

A is true but R is false.

d)

A is false bu

105.

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.

a)

Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)

b)

Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion

c)

Assertion (A) is true but Reason (R) is false.

d)

Assertion (A) is false but Reason (R) is true

106.

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.

a)

Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)

b)

Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A)

c)

Assertion (A) is true but Reason (R) is false.

d)

Assertion (A) is false but Reason (R) is true.

107.

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

a)

Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).

b)

Both Assertion (A) and Reason (R) are true, and Reason (R) is not the correct explanation of Assertion (A).

c)

Assertion (A) is true, but Reason (R) is false.

d)

Assertion (A) is false, but Reason (R) is true.

108.

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.

a)

Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)

b)

Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A)

c)

Assertion (A) is true but Reason (R) is false.

d)

Assertion (A) is false but Reason (R) is true.

109.

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.

a)

Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).

b)

Both Assertion (A) and Reason (R) are true and Reason (R) is not the

c)

Assertion (A) is true but Reason (R) is false. correct explanation of Assertion(A).

d)

Assertion (A) is false but Reason (R) is true.

110.

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.

a)

Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).

b)

Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A)

c)

Assertion (A) is true but Reason (R) is false.

d)

Assertion (A) is false but Reason (R) is true.

111.

What is GDP

a)

Value of all final goods and services produced within the national territory of the country over one year period

b)

Value of all final goods and services produced within the domestic territory of the country over one year period

c)

Value of all final goods and services produced within the domestic territory of the country over ten year period

d)

Value of all intermediate goods and services produced within the domestic territory of the country over one year period

112.

10. Assertion (A): India inherited a well-developed infrastructure from the British.

Reason (R): Britishers developed roads and introduced railways in India.

a)

A and R both correct. R is correct explanation of A.

b)

A and R both correct. R is not the correct explanation of A.

c)

A is true but R is false.

d)

A is false but R is true.

113.

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.

a)

Both A and R are true but R is the correct explanation of A.

b)

Both A and R are true but R is not correct explanation of A.

c)

A is true but R is false.

d)

1) A is false but R is true.

114.

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)

a)

Both Assertion (A) and Reason (R) are true and the Reason (R) is the correct explanation of Assertion (A)

b)

Both Assertion (A) and Reason (R) are true and the Reason (R) is not the correct explanation of Assertion (A)

c)

Assertion (A) is true but Reason (R) is false

d)

Assertion (A) is false but Reason (R) is true

115.

The second stage of demographic transition began after (a)   in India.

116.

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

a)

1931

b)

1921

c)

1941

d)

1911

117.

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

a)

China

b)

Britain

c)

Korea

d)

Sri Lanka

118.

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

119.

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

a)

Airways

b)

Railways

c)

Waterways

d)

None of the above

120.

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

121.

Railways was introduced in the year

(a)  

122.

Literacy rate for female was during the British rule was

(a)  

123.

Birth rate during British rule was

(a)  

124.

State the reasons why death rate was high during British rule.( Any 2)

4 lines
125.

First official census was conducted in the year

(a)  

126.

Give reasons for low level of agricultural productivity during colonial rule ( any 2)

4 lines
127.

(a)   industry was adversely affected during partition

128.

The main interest of zamindars was to collect (a)   regardless of the economic condition of the cultivators.

129.

(a)   of agriculture means production of crops for sale in the market rather than for self consumption

130.

Worst affected famine on India was

(a)  

131.

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

132.

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

a)

1931

b)

1921

c)

1941

d)

1911

133.

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

a)

China

b)

Britain

c)

Korea

d)

Sri Lanka

134.

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

a)

Lack of Raw Material

b)

Famines

c)

Earthquakes

d)

None of these

135.

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

136.

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

a)

Airways

b)

Railways

c)

Waterways

d)

None of the above

137.

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

138.

Decline of handicrafts industries led to:

a)

Export of finished goods

b)

Massive unemployment

c)

Both (a) and (b)

d)

None of the above

139.

When was the planning commission set up?

a)

1949

b)

1950

c)

1951

d)

1850

140.

Capitalist Economy is controlled and operated by

a)

Private sector

b)

Public sector

c)

Both A and B

d)

None of the above

141.

India adopted the ____________ economic system.

a)

Capitalist

b)

Mixed

c)

Socialist

d)

None of the above

142.

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

143.

What was the percentage of people living in village and deriving their livelihood from agriculture during British period in India?

a)

72%

b)

88%

c)

79%

d)

25%

144.

What was the life expectancy in India during British rule?

a)

65

b)

38

c)

45

d)

32

145.

When was the first postage stamp released in India?

a)

1830

b)

1840

c)

1847

d)

1852

146.

When were the railways introduced in India?

a)

1769

b)

1825

c)

1850

d)

1875

147.

Industries which produce machines and equipment's to help in further production of goods is called (a)   industries.

148.

The first census data were collected in __________ during the British rule.

a)

1881

b)

1891

c)

1911

d)

1921

149.

The overall literacy level during the British rule was less than (a)   .

150.

Economic infrastructure includes:

a)

communication

b)

banking

c)

power

d)

all of these.

151.

Indian economy at the time of independence was a/an _________ economy.

a)

Industrial

b)

agricultural

c)

only (a) and not (b)

d)

both (a) and (b)

152.

On the eve of independence, only heavy and basic industries were developed in the Indian economy.

a)

True

b)

False

c)

None of these

153.

(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.

a)

Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).

b)

Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).

c)

Assertion (A) is true but Reason (R) is false

d)

Assertion (A) is false but Reason (R) is true

154.

What is deindustrialisation? What was the primary objective of deindustrialisation? [ 1+ 2= 3m]

4 lines
155.

Discuss the foreign trade which was prevalent in India before independence. [ 3 m]

4 lines
156.

Did export surplus help in the growth of the economy? Explain. { 2m}

4 lines
157.

Explain the occupational structure. [ 3m]

4 lines
158.

The Indian Railways was constructed by the British to boost the Indian economy. Defend or refute. [3 m]

4 lines