Economic History Of India
1 .Explain the meaning of commercialization of agriculture showing the change in the pattern of traditional agriculture?
2 .How has decline in handicrafts lead to progressive ruralisation of the Indian economy?
3 .Explain how the agrarian classes (landlords, peasants, labourers) were affected by various agrarian systems under the British rule?
Case Detail:
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1. How does a famine lead to weakening of the economic condition of masses? Name the major famines and examine the death toll under it.
2. “Finance is the life – blood of an economy.” Elaborate the sentence in Indian context during the British rule.
Assignment C
Question No. 1
High Death rates and low birth rates are seen in which stage of demographic transition
Options
a) First
b) Second
c) Third
d) None of the above
Question No. 2
Traditional path of growth followed by developing economies is.
Options
a) Agriculture, Industry and then Service led growth
b) Agriculture, Serviceand then Industry led growth
c) Service, Agriculture and then, Industry led growth
d) Industry, Agriculture, and then Service led growth
Question No. 3
Share GDP from primary sector in overall GDP of India for 1950-51 was
Options
a) Over 50 percent
b) Over 40 percent
c) Under 50 percent
d) 50 percent
Question No. 4
Labour participation in agriculture sector declined from 73 percent in 1950-51 to
Options
a) Under 30 percent
b) Under 20 percent
c) Under 50 percent
d) None of the above.
Question No. 5
First trade union was formed in India in
Options
a) 1870
b) 1921
c) 1918
d) None of the above
Question No. 6
In 1934 India experienced
Options
a) Trade deficit
b) Trade surplus
c) Trade balance (exports=imports)
d) None of the above
Question No. 7
Home Charges were paid by______ to _________
Options
a) British to Indians
b) Indians to British
c) Poor India’s to Landlords
d) None of the above
Question No. 8
During 1950-51 agriculture contributed
Options
a) Under 30 percent of national income
b) Over 80 percent of national Income
c) Around 50 percent of national income
d) None of the above.
Question No. 9
The share of government sector in net domestic product for 1950-51 was:
Options
a) 6.9 percent
b) 7.6 percent
c) 9.0percent
d) None of the above
Question No. 10
Development of railways led to
Options
a) Dampening of economic growth
b) Price volatility
c) Development of ‘Social-Saving’ model
d) All the above.
Question No. 11
Railways was introduced in the Indian economy in
Options
a) 1843
b) 1850
c) 1853
d) None of the above
Question No. 12
Second phase of development in railways was during
Options
a) 1880-1915
b) 1886-1895
c) 1890-1945
d) None of the above
Question No. 13
First economist to put forward the concept of ‘social saving’ was
Options
a) Hurd
b) Maddison
c) Adam Smith
d) None the above.
Question No. 14
What kind of economy did India have in the pre British Era.
Options
a) Subsistence level
b) Mixed
c) Capitalist
d) Socialist
Question No. 15
Which business organization represented British interests in India?
Options
a) East India Company
b) Mackenzie and brothers
c) British royals
d) Indian group of industries
Question No. 16
Which continent traders dominated India in 14th and 15th century?
Options
a) America
b) Europe
c) Africa
d) Asia.
Question No. 17
Why were the towns more famous during the British rule?
Options
a) More employment opportunities
b) Pilgrimage
c) Seats of court and capital of province
d) All the above
Question No. 18
Identify the most important consequence of British interference in Indian economy?
Options
a) Loss of Trade
b) Decline of handicrafts
c) Increase of imports
d) Commercialization of agriculture
Question No. 19
When was the first jute mill set up in India.
Options
a) 1840s
b) 1850s
c) 1860s
d) 1870s
Question No. 20
Mention the causes of slow growth of private enterprise?
Options
a) Unimaginative private enterprise
b) Problem of capital and private enterprise
c) Private enterprise and the role of the government
d) Option a,b & c
Question No. 21
Name the major industries that initially started working in India
Options
a) Cotton textiles.
b) Heavy industries
c) Consumer goods industries.
d) a, b ,& c
Question No. 22
India is in which stage of demographic transition.
Options
a) First
b) Second
c) Third
d) Fourth
Question No. 23
Rapid population growth results in which of the following:
Options
a) Increased employment
b) Burden on infrastructure
c) Increased per capita income
d) Lower Cost of Production
Question No. 24
During 1921-1951 India experienced
Options
a) Steady Growth of population
b) Stagnant Growth of population
c) Rapid Growth of population
d) None of the above
Question No. 25
High Death rates and low birth rates are seen in which stage of demographic transition
Options
a) First
b) Second
c) Third
d) None of the above
Question No. 26
Traditional path of growth followed by developing economies is.
Options
a) Agriculture, Industry and then Service led growth
b) Agriculture, Serviceand then Industry led growth
c) Service, Agriculture and then, Industry led growth
d) Industry, Agriculture, and then Service led growth
Question No. 27
Share GDP from primary sector in overall GDP of India for 1950-51 was
Options
a) Over 50 percent
b) Over 40 percent
c) Under 50 percent
d) 50 percent
Question No. 28
Labour participation in agriculture sector declined from 73 percent in 1950-51 to
Options
a) Under 30 percent
b) Under 20 percent
c) Under 50 percent
d) None of the above.
Question No. 29
First trade union was formed in India in
Options
a) 1870
b) 1921
c) 1918
d) None of the above
Question No. 30
In 1934 India experienced
Options
a) Trade deficit
b) Trade surplus
c) Trade balance (exports=imports)
d) None of the above
Question No. 31 Marks - 10
Measurement of ………….uses national income accounting
Options
a) economic growth
b) economic development
c) both
d) none
Question No. 32 Marks - 10
………………... is no guarantee of escaping poverty
Options
a) employment
b) income
c) expense
d) all
Question No. 33 Marks - 10
Increases in employment without………... in productivity leads to a rise in the number of working poor,
Options
a) increases
b) decrease
c) fall
d) all
Question No. 34 Marks - 10
The ……………..cycle is made up of booms and drops in production that occur over a period of months or years.
Options
a) business
b) operating
c) cash
d) bicycle
Question No. 35 Marks - 10
……….is the study of the economic aspects of the development process in low-income countries
Options
a) economic growth
b) economic development
c) both
d) none
Question No. 36 Marks - 10
Measuring national income at ………. may overcome this problem at the risk of overvaluing basic goods and services, for example subsistence farming.
Options
a) GDP
b) ERP
c) IRP
d) PPP
Question No. 37 Marks - 10
Comparison of GDP from one country to another may be distorted by movements in …………………
Options
a) prices
b) costs
c) exchange rates
d) all
Question No. 38 Marks - 10
GDP takes ……..account of the inputs used to produce the output.
Options
a) a single
b) no
c) one
d) two
Question No. 39 Marks - 10
Measures of GDP typically ………... unpaid economic activity, most importantly domestic work
Options
a) forget
b) exclude
c) include
d) reject
Question No. 40 Marks - 10
Countries with higher GDP may be more likely to also score ………. on other measures of welfare, such as life expectancy
Options
a) high
b) low
c) one
d) zero
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