Table of Contents
NCERT MCQ ON Indian Economy on the Eve of Independence:
Question1 : Which of the following economist estimated per capita income during colonial period
A. William Digby
B. Findley Shirras
C. Dada Bhai Naoroji
D. All of these
Answer : D
Question 2: Tata Airlines established in the year?
A. 1932
B. 1931
C. 1930
D. 1953
Answer : A
Question3 : What was the condition of foreign trade under British rule
A. Net exporter of raw materials
B. Net importer of finished goods reproduced by British India
C. All of these
D. Surplus on account of foreign trade was spent on war expenses
Answer : C
Question3 : Cotton textile mills were mainly located in
A. South
B. North
C. Western
D. Eastern
Answer : C
Question4 : Cotton textile mills were dominated by
A. None
B. Britishers
C. Foreigners
D. Indians
Answer : D
Question 5: _______ refers to relative distribution of a country’s workforce among various sectors of economic activity
A. Demographic structure
B. Income structure
C. Occupational structure
D. None of these
Answer : C
Question6 : Industrial sector creates infrastructure which helps in growth of
A. Primary
B. Tertiary
C. Secondary
D. All of these
Answer : D
Question7 : Which of the following is false regarding Positive effect of British rule was
A. Provision of post and telegraph service
B. Monopoly on foreign trade
C. Development of ports
D. Provide transport facilities
Answer : B
Question 8: . The financial sector in India is primarily controlled by the Reserve Bank of India (RBI). Which of the following institutions are a part of financial sector?
1. Commercial banks
2. Money Lenders
3. Investment banks
4. Stock exchange operations
5. Insurance
6. Foreign exchange market
Code:
A. 1, 2, 3 and 6
B. 1, 3, 4, 5 and 6
C. 1, 3, 4 and 6
D. All of the above
Answer : D
Question9 : What was the percent growth of per capita income in a year during first half of 20th century.
A. 1%
B. .5%
C. 2%
D. None
Answer : B
Question10 : During major part of British period
A. Exports were more than imports
B. None of these
C. Imports were more than exports
D. Exports were equal to imports
Answer : A
Question11 : When were the railways Introduced in India?
A. 1769
B. 1825
C. 1850
D. 1875
Answer : C
Question 12: Aam Admi Bima Yojana was launched on:
A. November 14, 2011
B. March 5, 2009
C. March 10, 2008
D. October 2, 2007
Answer : D
Question13 : When was the first census data collected during British India
A. 1882
B. 1982
C. 1881
D. 1981
Answer : C
Question14 : Death rate and birth rate at the time of independence was
A. High birth rate and Low death rate
B. Low birth rate and low death rate
C. Low birth rate and high death rate
D. High birth rate and high death rate
Answer : D
Question15 : India on the eve of independence was
A. Vibrant economy
B. Stagnant economy
C. None
D. Both
Answer : B
Question16 : Who is responsible for establishing and maintaining astound and efficient accounting and financial reporting system in India?
A. The Comptroller General of Accounts
B. NITI Ayog
C. RBI
D. None of these
Answer : A
Question 17: Iron and steel industries began coming up in
A. Twentieth century
B. Seventieth century
C. Eighteenth century
D. Nineteenth century
Answer : A
Question18 : TISCO stands for
A. Tata Iron and silver Company
B. Tata Iron and silver Corporation
C. Tata Iodine and silver Company
D. Tata Iron and steel Company
Answer : D
Question 19: Consider the following statements about India’s approach in dealing with 1991 crisis.
1. India approached the international bank for reconstruction and development popularly known as IMF for loan to manage the crisis.
2. India came up with new economic policies which were based on the conditionality of international institutions.
3. Conditionality of international institutions was not as a punishment but were towards creating more competitive environment in the economy.
Select the correct ones.
A. All the above
B. 2 and 3
C. 1 and 2
D. 1 and 3
Answer : B
Question 20: Which of the following economists made an attempt to calculate India’s national & per capita income during colonial period?
A. William Digby
B. Dadabhai Naoroji
C. VKRV Rao
D. All of the above
Answer : D
Question21 : Life expectancy refers to
A. Both
B. Death rate of children below the age of one year
C. Average life of a person
D. None
Answer : C
Question22 : What was the motive behind the de-industrialisation by the colonial Govt. in India?
A. Both
B. None
C. To sell British manufactured goods in Indian market at high rate prices
D. To get raw material from India at cheap rate
Answer : A
Question23 : An important approach to addressing poverty is to provide minimum basic amenities to the people. Consider the following statements about schemes to provide basic amenities.
1. National Social Assistance Programme is a programme to give pension to elderly people who do not have anyone to take care of them.
2. Pradhan Mantri Gramodaya Yojana aims to provide better connectivity in the villages by improving roads.
Select the correct statements using codes below.
A. 1 only
B. 2 only
C. Both 1 and 2
D. None of the above
Answer : C
Question24 : Indian economy at the time of independence was
A. None
B. Developing economy
C. Developed economy
D. Backward economy
Answer : D
Question 25: What was the percentage of population dependent directly or indirectly on agriculture
A. 85
B. 60
C. 75
D. 65
Answer : A
Question26 : Indian economy on the eve of independence was:
A. Developed
B. Underdeveloped
C. Stagnant
D. Both B & C
Answer : D
Question27 : The theory of demographic transition has ____ stages.
A. 2
B. 3
C. 4
D. 5
Answer : C
Question28 : Which of the following was the major occupation on the eve of independence?
A. Industry
B. Services
C. Agriculture
D. None of these
Answer : C
Question 29: In accordance with the goal of the state controlling the commanding heights of the economy, the industrial policy resolution of 1956 was adopted consider the following statements about 1956- industrial policy resolution?
1. This resolution formed the basis of the second five year plan, the plan which tried to build the basis for a capitalist pattern of society.
2. This policy was used for promoting industries in backward regions.
3. License to expand production achieved easily.
Select the correct answer from the code given below:
A. 1 and 2
B. 2 only
C. 2 and 3
D. 1 and 3
Answer : B
Question 30: Which of the following statement is true regarding the condition of Infrastructure
A. Balanced regional development in infrastructure in all areas
B. Barter system was still prevailing
C. Development in the area of transport and communication
D. No developments in the areas of roads and railways
Answer : C
Question31 : Jute industries were located in
A. Maharashtra
B. Rajasthan
C. Gujarat
D. Bengal
Answer : D
Question 32.What was the life expectancy in India during the British rule?
A. 65
B. 38
C. 32
D. 44
Answer : D
Question 33. Per capita income means:
A. National income / population
B. Population / national income
C. Total capital /population
D. None of these
Answer : A
Question34 : Which year regarded as Year of great divide
A. 1931
B. 1911
C. 1921
D. 1941
Answer : C
Question 35: In India, which of the following is having highest share in the disbursement of credit to agriculture and allied activities?
A. Cooperative Banks
B. Regional Rural Banks
C. Commercial Banks
D. Microfinance institutions
Answer : C
Question36 : India followed a planned economy from the time of independence. Consider the following statements.
1. India‘s plans were of five years and lacked a perspective approach.
2. Directive principles of Indian constitution reflect the planned outlook of India.
3. Our five year plans do not spell out how much of each and every good and service is to be produced.
Select the correct statements using codes below.
A. Only 2
B. 2 and 3
C. 1 and 3
D. All the above
Answer : B
Question37 : Decay of handicrafts was caused by:
A. British tarrif policy
B. Competition from man made machines
C. New demand patterns
D. All of the above
Answer : D
Question38 : % _____ while 18% workforce were engaged in ______ sector
A. Manufacturing , Service
B. Service, Manufacturing
C. Primary, Service
D. Manufacturing , Primary
Answer : A
Question 39: During colonial period India’s demographic profile showed __
A. high birth rate
B. low death rate
C. low infant mortality rate
D. high literacy rate
Answer : D
Question40 : Capital goods industries are those
A. None
B. Which can produce consumer goods
C. Both
D. Which can produce machine tools
Answer : D
Question41 : Buffer stock is the stock of foodgrains procured by the government through Food Corporation of India (FCI). Consider the following statements in relation to the FCI procurements.
1. The FCI purchases wheat and rice from the states where there is a surplus.
2. Minimum support price is the price announced by the FCI before the sowing season.
3. Issue price is the price issued by the FCI for their procurements based on the market price.
Select the correct ones.
A. 1 and 2
B. Only 2
C. Only 1
D. All the above
Answer : C
Question42 .Who made significant estimates about calculating national income in India during the British period?
A. V.K.R.V. Rao
B. Dadabhai Naoroji
C. Findlay Shirras
D. William Digby
Answer : A
Question43 : In which of the following sectors is manufacturing activity included?
A. Primary
B. Tertiary
C. Secondary
D. All of these
Answer : C
Question44 : Which year is referred to as ‘Year of Great Divide’?
A. 1881
B. 1891
C. 1921
D. 1951
Answer : C
Question 45: Economy of a country is classified into various sectors based on different types of economic activity undertaken in each. Consider the following statements related to some of them.
1. All Agricultural activities are included in Primary sector
2. All Industrial activities are included in secondary sector.
3. Service sector includes only those activities that help in production of goods.
Select the incorrect statements using codes given below.
A. 1 and 2
B. 1 and 3
C. 2 and 3
D. All of the above
Answer : C
Question 46: Life expectancy during colonial period in India?
A. 30yrs
B. 50 yrs
C. 60 yrs
D. 63yrs
Answer : A
Question47 : In order to bring stability in Agriculture the Britishers introduced land settlement in 1773. Where was it first introduced?
A. fertile lands of Punjab province
B. Bombay province
C. all directly British ruled areas
D. Bengal
E. none of these.
Answer : D
Question 48: Which of the following(s) is/are cause(s) of slow growth of private enterprises in India’s industrialization (1850-1957)?
A. Unimaginative private enterprise, short-sighted Indian industrialists.
B. complete absense of financial institutions to help transfer of savings to industrial investment.
C. Banking was not highly developed & was more concerned with commerce rather than industry.
D. Lack of support from British government
E. All of these
Answer : E
Question49 : RBI’s first census of India’s foreign Assets & Liability as on 30 June 1948 revealed total foreign business investments of Rs 302 cr, out of it what was the % of British investments in India?
A. 51%
B. 60%
C. 72%
D. 91%
E. 100%.
Answer : C
Question50 : First train on India soil was run on 1853 between?
A. Bombay to Thane.
B. Thane to Bombay.
C. Bombay to Surat.
D. None of these.
Answer : A
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