This quiz works best with JavaScript enabled. Home > General Knowledge > Indian Economy > History > Indian Economy On The Eve Of Independence – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economy On The Eve Of Independence Quiz 2 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In how many sectors is the occupational structure of India is divided? A) One. B) Two. C) Three. D) None of above. Show Answer Correct Answer: C) Three. 2. ..... is the year of divide between the first and the second stage of demographic transition. A) 1921. B) 1911. C) 1891. D) 1881. Show Answer Correct Answer: A) 1921. 3. When was TISCO incorporated? A) 1907. B) 1906. C) 1909. D) 1908. Show Answer Correct Answer: A) 1907. 4. ..... 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. Show Answer Correct Answer: B) Socialist. 5. Capitalist Economy is controlled and operated by A) Private sector. B) Public sector. C) Both A and B. D) None of the above. Show Answer Correct Answer: A) Private sector. 6. Occupational Structure refers to: A) Nature of workforce. B) Number of people living in a country. C) Size of workforce. D) Distribution of workforce among different occupations. Show Answer Correct Answer: D) Distribution of workforce among different occupations. 7. Which of the following industry was not reserved for the government in industrial policy resolution 1956? A) Iron and steel. B) Transport. C) Atomic energy. D) Railways transport. Show Answer Correct Answer: A) Iron and steel. 8. 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. Show Answer Correct Answer: C) Discriminatory tariff policy. 9. 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. Show Answer Correct Answer: C) Assertion (A) is true but Reason (R) is false. 10. What was the impact of colonial policies on the Indian economy? A) Transformation into a supplier of raw materials. B) Increased national income. C) Development of infrastructure. D) Promotion of Indian industries. Show Answer Correct Answer: A) Transformation into a supplier of raw materials. 11. Which was the most important infrastructure developed during the British rule? A) Roadways. B) Air transport. C) Water transport. D) Railways. Show Answer Correct Answer: D) Railways. 12. Pick the correct event for the given year:1850 A) TISCO. B) Railways. C) Suez Canal. D) Year of great divide. Show Answer Correct Answer: B) Railways. 13. Name the Finance Minister of India A) Arun Jetly. B) Nirmala Sitaraman. C) Urjit Patel. D) P.Chidambaram. Show Answer Correct Answer: B) Nirmala Sitaraman. 14. During the time of Indian independence what was the literacy rate? A) Less than 18%. B) Less than 12%. C) Less than 15%. D) Less than 16%. Show Answer Correct Answer: D) Less than 16%. 15. What was the role of the public sector in industrial development in India? A) Providing capital for private entrepreneurs. B) Promoting foreign investment. C) Controlling all industries. D) Undertaking capital investment through public sector undertakings. Show Answer Correct Answer: D) Undertaking capital investment through public sector undertakings. 16. Who made the first attempt to estimate India's national income? A) V.K.R.V.Rao. B) Dadabhai Naroji. C) William Digby. D) R.C Desai. Show Answer Correct Answer: B) Dadabhai Naroji. 17. 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. Show Answer Correct Answer: D) All of the above. 18. In which year was the first official census conducted? A) 1882. B) 1884. C) 1881. D) 1883. Show Answer Correct Answer: C) 1881. 19. The first official census of India occurred in the year A) 1921. B) 1821. C) 1881. D) 1871. Show Answer Correct Answer: C) 1881. 20. On the eve of independence, only heavy and basic industries were developed in the Indian economy. A) True. B) False. Show Answer Correct Answer: B) False. 21. On the eve of independence, the proportion of population was engaged in industrial sector was: A) Approx. 20%. B) Approx. 15%. C) Approx. 26%. D) Approx. 10%. Show Answer Correct Answer: D) Approx. 10%. 22. Suez canal was opened for transport in ..... A) 1901. B) 1850. C) 1853. D) 1869. Show Answer Correct Answer: D) 1869. 23. 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. Show Answer Correct Answer: C) India and Britain. 24. What is another name for the service sector? A) Primary sector. B) Tertiary sector. C) Secondary sector. D) None of above. Show Answer Correct Answer: B) Tertiary sector. 25. On the eve of independence Indian economy was a: A) Feudal economy. B) Semi feudal economy. C) Mixed economy. D) Both b and c. Show Answer Correct Answer: D) Both b and c. 26. Which industry received the major set back during the the colonial rule? A) Cement. B) Handicraft. C) Paper. D) Iron and steel. Show Answer Correct Answer: B) Handicraft. 27. The secondary sector accounted for only 10.1 percent of the working population on the eve of independence. A) False. B) True. Show Answer Correct Answer: B) True. 28. Elements of infrastructural change during the British rule included: A) Railways. B) Roads. C) Post and telegraphs. D) All of these. Show Answer Correct Answer: D) All of these. 29. At the time of independence India's import included: A) Silk clothes. B) Woolen clothes. C) Cotton clothes. D) All of these. Show Answer Correct Answer: D) All of these. 30. The contribution of the new industrial sector to the Gross Domestic Product (GDP) expanded significantly during British rule. A) True. B) False. Show Answer Correct Answer: B) False. 31. ..... recorded an increase in workforce engaged in agriculture sector. A) Rajasthan. B) Punjab. C) Kerala. D) Both a and b. Show Answer Correct Answer: D) Both a and b. 32. When was cotton mill industry started in India A) 1947. B) 1854. C) 1881. D) None of above. Show Answer Correct Answer: B) 1854. 33. 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). Show Answer Correct Answer: D) Both (a) and (b). 34. What was the nature of indian economy on the eve of independence A) Stagnant. B) Backward. C) Underdeveloped. D) All of these. Show Answer Correct Answer: D) All of these. 35. 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. Show Answer Correct Answer: A) Land settlement system. 36. Which of the following activities is included in the primary sector? A) Agriculture. B) Industries. C) Service. D) None of above. Show Answer Correct Answer: A) Agriculture. 37. India adopted the ..... economic system. A) Capitalist. B) Mixed. C) Socialist. D) None of the above. Show Answer Correct Answer: B) Mixed. 38. Assertion (A):During the colonial rule, the British built roads to create good infrastructure in the countryReason (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. Show Answer Correct Answer: D) Assertion (A) is false, but Reason (R) is true. 39. Pick the correct event for the given year:1932 A) First census of India. B) TISCO. C) Tata Airlines. D) Battle of Plassey. Show Answer Correct Answer: C) Tata Airlines. 40. Infrastructure refers to A) Elements of economic change. B) Elements of social change. C) Both a and b. D) None of these. Show Answer Correct Answer: C) Both a and b. 41. More than half of India's foreign trade during the British rule was restricted to: A) Sri Lanka. B) Britain. C) Korea. D) China. Show Answer Correct Answer: B) Britain. 42. When was the Suez Canal built? A) 1617. B) 1757. C) 1869. D) 1907. Show Answer Correct Answer: C) 1869. 43. Which of the following was the major occupation on the eve of independence? A) Industry. B) Services. C) Agriculture. D) None of above. Show Answer Correct Answer: C) Agriculture. 44. What was the major drawback of the land revenue system implemented by the British? A) Excessive taxation on farmers. B) Lack of land ownership for farmers. C) Lack of irrigation facilities. D) Lack of market access for farmers. Show Answer Correct Answer: A) Excessive taxation on farmers. 45. Where was the first iron and steel company established? A) Ranchi. B) Kolkata. C) Patna. D) Jamshedpur. Show Answer Correct Answer: D) Jamshedpur. 46. Indian handicraft products enjoyed a world wide market based on: A) The reputation of the fine quality of the material used. B) The high standards of the craftsmanship. C) Both of the above. D) None of the above. Show Answer Correct Answer: C) Both of the above. 47. When did the first railway line start in India? A) 1854. B) 1850. Show Answer Correct Answer: A) 1854. 48. When was Navratna Policy announced A) 1995. B) 1992. C) 1996. D) 1991. Show Answer Correct Answer: C) 1996. 49. Who made significant estimates about calculating national income I India during the British period? A) V K R V Rao. B) William Digby. C) Dadabhai naoroji. D) Findley Shirras. Show Answer Correct Answer: A) V K R V Rao. 50. Which sector of the Indian economy was well known for its cotton and silk textiles, metal and precious stone works? A) Agriculture. B) Handicraft industries. C) Mining. D) Trade. Show Answer Correct Answer: B) Handicraft industries. 51. When was modern postal system start in india A) 1937. B) 1947. C) 1940. D) None of above. Show Answer Correct Answer: A) 1937. 52. (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. Show Answer Correct Answer: A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). 53. ..... were developed to enhance administrative efficiency. A) Ports. B) Post and telegraphs. C) Roads. D) Railways. Show Answer Correct Answer: B) Post and telegraphs. 54. 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. Show Answer Correct Answer: D) India and Britain. 55. What was the life expectancy in India during British rule? A) 45. B) 38. C) 32. D) 65. Show Answer Correct Answer: C) 32. 56. 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. Show Answer Correct Answer: B) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion. 57. Indian economy on the eve of Independence was A) Underdeveloped. B) Semi feudal. C) Deviloping. D) Stagnant. Show Answer Correct Answer: A) Underdeveloped. 58. Per Capital Income = A) $\frac{National\ Income}{Population}$. B) $\frac{GDP}{National\ Income}\times100$. C) $\frac{National\ Income\ }{Population}\times100$. D) $\frac{Gross\ Domestic\ \Pr oduct}{National\ Income}$. Show Answer Correct Answer: A) $\frac{National\ Income}{Population}$. 59. In how many sectors is the occupational structure of India is divide A) Two. B) Three. C) Four. D) One. Show Answer Correct Answer: B) Three. 60. Land holdings on the eve of independence were: A) Small. B) Fragmented. C) Both a and b. D) None of these. Show Answer Correct Answer: C) Both a and b. ← PreviousNext →Related QuizzesIndian Economy QuizzesGeneral Knowledge QuizzesIndian Economy On The Eve Of Independence Quiz 1Indian 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