This quiz works best with JavaScript enabled. Home > General Knowledge > Indian Economy > History > Indian Economy On The Eve Of Independence – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economy On The Eve Of Independence Quiz 1 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the tax or duty on imports called? A) Tariff. B) Quota. C) Export. D) None of above. Show Answer Correct Answer: A) Tariff. 2. Read the following statements, Assertion (A) and reason (R). choose the correct alternatives(A):Indian became an exporter of primary products and an importer of finished consumers and capital goods produced on Britain.(R):Restrictive policies of commodity production, trade and tariff pursued by the colonial govt adversely affected the structure, composition and volume of India's foreign trade. A) Both A and R are true and R is the correct explanation of A. B) Both A and R are true and R is not the correct explanation of A. C) A is false but R is false. D) A is false but R is true. Show Answer Correct Answer: A) Both A and R are true and R is the correct explanation of A. 3. 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. Show Answer Correct Answer: D) All of the above. 4. The first train in India linked ..... A) Calcutta to Thane. B) Bombay to Durgapur. C) Bombay to Thane. D) Calcutta to Durgapur. Show Answer Correct Answer: C) Bombay to Thane. 5. What was the objective of the Green Revolution in India? A) Increase industrial production. B) Promote self-reliance in food grains. C) Expand foreign trade. D) Improve infrastructure. Show Answer Correct Answer: B) Promote self-reliance in food grains. 6. When was the first postage stamp released in India? A) 1852. B) 1847. C) 1840. D) 1830. Show Answer Correct Answer: A) 1852. 7. India was a prosperous and wealthy economy prior to the advent of British rule. A) False. B) True. Show Answer Correct Answer: B) True. 8. Which of the following was the main feature of industrial sector on the eve of independence? A) Non existence of capital good industry. B) Bleak expansion of modern industry. C) Discriminatory tariff policy of the British government. D) All of these. Show Answer Correct Answer: D) All of these. 9. 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. Show Answer Correct Answer: C) Foreign exchange crisis. 10. During the time of Indian independence what was IMR? A) 214. B) 218. C) 216. D) 220. Show Answer Correct Answer: B) 218. 11. Before the advent of the British rule, India was particularly well known for which of the following industries? A) Service industry. B) Manufacturing. C) Capital goods. D) Handicrafts. Show Answer Correct Answer: D) Handicrafts. 12. Last census operation conducted by British in india A) 1941. B) 1881. C) 1951. D) None of above. Show Answer Correct Answer: A) 1941. 13. The most important infrastructure during the British Rule in India was: A) Airways. B) Railways. C) Waterways. D) None of the above. Show Answer Correct Answer: B) Railways. 14. Colonialism is a system of political ans social relationship between two countries. A) No. B) Yes. Show Answer Correct Answer: B) Yes. 15. 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. Show Answer Correct Answer: D) All of the above. 16. When was TISCO established in India? A) 1869. B) 1907. C) 1881. D) None of above. Show Answer Correct Answer: B) 1907. 17. India was merely an exporter of which kind of products on the eve of independence A) Agricultural products. B) Capital goods. C) Primary sector products. D) None of these. Show Answer Correct Answer: C) Primary sector products. 18. 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. Show Answer Correct Answer: A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). 19. In the history of demographic transition, which year is regarded as the year of great divide? A) 1901. B) 1902. C) 1923. D) 1921. Show Answer Correct Answer: D) 1921. 20. What was the condition of agriculture sector on the eve of independence? A) High productivity. B) Abundance of irrigation facilities. C) Large and consolidated land holdings. D) Low productivity. Show Answer Correct Answer: D) Low productivity. 21. Which of the following industry was adversely affected by partition: A) Cotton. B) Jute. C) Silk. D) Nylon. Show Answer Correct Answer: B) Jute. 22. Stagnant economy is the one which shows little or no growth in income. A) No. B) Yes. Show Answer Correct Answer: B) Yes. 23. Land settlement introduced by the colonial government resulted in stagnation in the agricultural sector. A) True. B) False. Show Answer Correct Answer: A) True. 24. DURING BRITISH RULE BOTH BIRTH RATE AND DEATH RATE WERE HIGH. IS THE STATEMENT ..... A) FALSE. B) TRUE. Show Answer Correct Answer: B) TRUE. 25. 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). Show Answer Correct Answer: B) Less than 2%. 26. The sole purpose of the British colonial rule in India was: A) To increase production of capital goods. B) To increase handicraft business. C) To increase the country's supply of finished consumer goods. D) To reduce the country to being a raw material supplier for Britain. Show Answer Correct Answer: D) To reduce the country to being a raw material supplier for Britain. 27. Which year is described as a "Year of Great Divide" ? A) 1921. B) 1941. C) 1931. D) 1911. Show Answer Correct Answer: A) 1921. 28. Which of the following highlights the backwardness of the agriculture on the eve of independence? A) Gulf between the owners of the soil and the tiller of the soil. B) Small and fragmented holdings. C) Exploitative land settlement system under the British Raj. D) Forced commercialisation of agriculture. Show Answer Correct Answer: B) Small and fragmented holdings. 29. What was the life expectancy at birth in India on the eve of Independence? A) 44. B) 50. C) 60. D) None of above. Show Answer Correct Answer: A) 44. 30. Economic infrastructure includes: A) Communication. B) Banking. C) Power. D) All of these. Show Answer Correct Answer: D) All of these. 31. Decline of handicrafts industries led to: A) Export of finished goods. B) Massive unemployment. C) Both (a) and (b). D) None of the above. Show Answer Correct Answer: B) Massive unemployment. 32. Landholdings at the time of independence were A) Large. B) Economic. C) Fragmented. D) None of these. Show Answer Correct Answer: C) Fragmented. 33. 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. Show Answer Correct Answer: B) Both Assertion (A) and Reason (R) are true and the Reason (R) is not the correct explanation of Assertion (A). 34. 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. Show Answer Correct Answer: D) All of the above. 35. 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). Show Answer Correct Answer: B) Agricultural. 36. The colonial rule destroyed India's traditional handicraft industry. A) True. B) False. Show Answer Correct Answer: A) True. 37. 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. Show Answer Correct Answer: A) Both A and R are true and R is the correct explanation of A. 38. The first census data were collected in ..... during the British rule. A) 1921. B) 1881. C) 1911. D) 1891. Show Answer Correct Answer: B) 1881. 39. Estimation of national income by ..... is considered most significant. A) A.K.R.V Rao. B) Dadabhai naoroji. C) R.C.Desai. D) William digby. Show Answer Correct Answer: A) A.K.R.V Rao. 40. 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. Show Answer Correct Answer: C) Discriminatory. 41. When was first jute mill industry started in india A) 1881. B) 1855. C) 1890. D) None of above. Show Answer Correct Answer: B) 1855. 42. When did the British East India Company get permission to trade in India? A) 1907. B) 1757. C) 1618. D) 1615. Show Answer Correct Answer: C) 1618. 43. Who is the governor of RBI at present. A) Shakti Kant Das. B) Urjit Patel. C) Manmohan Singh. D) Raghuram Rajan. Show Answer Correct Answer: A) Shakti Kant Das. 44. On the eve of independence Indian economy was heavily dependent upon A) Imports. B) Exports. C) Neither a nor b. D) Either A or B. Show Answer Correct Answer: A) Imports. 45. Which of the following is not a goal of five year plan? A) Growth. B) Equality. C) Land reforms. D) Modernisation. Show Answer Correct Answer: C) Land reforms. 46. RBI doesn't consist of A) Longevity. B) Knowledge. C) Life Expectancy. D) Standard of living. Show Answer Correct Answer: C) Life Expectancy. 47. What is another name for service sector A) Agriculture. B) Tertiary. C) Secondary. D) Primary. Show Answer Correct Answer: B) Tertiary. 48. ..... mode of production leads to low productivity. A) Feudalistic. B) Capitalist. C) Socialist. D) All of these. Show Answer Correct Answer: A) Feudalistic. 49. What was the main source of livelihood in India before British rule? A) Agriculture. B) Handicraft industries. C) Mining. D) Trade. Show Answer Correct Answer: A) Agriculture. 50. In which of the following sectors is manufacturing activity included? A) Primary. B) Tertiary. C) Secondary. D) All of these. Show Answer Correct Answer: C) Secondary. 51. India's jute industry suffered heavily due to ..... after partition. A) Lack of Raw Material. B) Famines. C) Earthquakes. D) None of these. Show Answer Correct Answer: A) Lack of Raw Material. 52. Which of the following organisation looks after the credit needs of agriculture and rural development in India. A) ICAR. B) FCI. C) IDBI. D) NABARD. Show Answer Correct Answer: D) NABARD. 53. 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. Show Answer Correct Answer: D) 1) A is false but R is true. 54. The economic policies pursued by the colonial government in India were concerned more with the protection and promotion of the economic interests of India. A) True. B) False. Show Answer Correct Answer: B) False. 55. What was the percentage of people living in village and deriving their livelihood from agriculture during British period in India? A) 25%. B) 72%. C) 79%. D) 88%. Show Answer Correct Answer: B) 72%. 56. On the eve of independence Indian economy was considered as A) Developed economy. B) Developing economy. C) Underdeveloped. D) All the above. Show Answer Correct Answer: C) Underdeveloped. 57. When was New Economic Policy introduced in India A) 1991. B) 2000. C) 1981. D) 1995. Show Answer Correct Answer: A) 1991. 58. The rate of growth of per capita output per year in India during the first half of the twentieth century was: A) 0.5. B) 1.5. C) 2.3. D) 0.8. Show Answer Correct Answer: A) 0.5. 59. At the time of independence, bulk of workforce was engaged in: A) Agriculture. B) Industry. C) Service. D) None of these. Show Answer Correct Answer: A) Agriculture. 60. Which year is known as great division year in the history of demography or population growth of India A) 1911. B) 1881. C) 1991. D) 1921. Show Answer Correct Answer: D) 1921. Next →Related QuizzesIndian Economy QuizzesGeneral Knowledge QuizzesIndian Economy On The Eve Of Independence Quiz 2Indian Economy On The Eve Of Independence Quiz 3Indian Economy 1950 1990 QuizNew Economic Policy Of 1991 Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books