Free Indian Economy till Independence 03 Practice Test - 12th Grade - Commerce
Question 1
The Malthusian trap occurs because
Population grows at a higher rate than resources.
Resources grows at a higher rate than population.
Either A or B
None of these
SOLUTION
Solution : A
The Malthusian trap occurs because population grows at a higher rate than resources.
Question 2
SOLUTION
Solution :Mule, the spinning machine invented by Samuel Crompton became the basis of mechanical spinning for a century.
Question 3
The incentive for mechnanization was less in India because
wage rate relative to price of capital was high in India
wage rate relative to price of capital was low in India
wage rate and price of capital were compareable in India
none of these
SOLUTION
Solution : B
Since labour was cheap in India, the incentive for mechanization was less in India, especially because of the capital-intensive nature of it.
Question 4
In which year was the US declaration of Independence?
1737
1756
1776
1787
SOLUTION
Solution : C
The US declared its independence from Britain on July 4, 1776.
Question 5
Which of the following is not part of the 'Standard Model of Development'?
Mass education
Creation of a national bank
High internal tarrifs
Adoption of technology
SOLUTION
Solution : C
High internal tariffs is not a part of the standard model of economic development. Internal tariffs are actually removed for the creation of a national market.
Question 6
Why did US adopt the UK's technology readily?
Wages for labour were much lower in US compared to the UK
The US was forced to adopt the technology by the UK
USA faced a lack of capital
Wages in the US were high and comparable to that of the UK.
SOLUTION
Solution : D
The UK technology was capital intensive and labour saving and made sense in a high wage US economy.
Question 7
The systems of settlements employed in India were the Zamindari, the Mahalwari and the
SOLUTION
Solution :The systems of settlements employed in India were the Zamindari, Mahalwari and the Ryotwari systems.
Question 8
Which of the following economists estimated per capita income during the colonial period?
Findlay Shirras
William Digby
Dadabhai Naoroji
All of these
SOLUTION
Solution : D
All of these economists made an attempt to estimate the per capita income during the colonial period.
Question 9
Identify the industry/industries which were under the public sector during the colonial period.
Capital goods
Railways
Information Technology
All of the above
SOLUTION
Solution : B
A few industries like railways, power generation and communications were under the public sector during the colonial period.
Question 10
Jute industries were located in _______.
Gujarat
Maharshtra
Bengal
Rajasthan
SOLUTION
Solution : C
Jute textile industry is one of the major industries in the eastern India, particularly in Bengal.