This quiz works best with JavaScript enabled. Home > Indian Economy > 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 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. 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%. 2. 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. 3. Which year is described as a "Year of Great Divide" ? A) 1931. B) 1921. C) 1941. D) 1911. Show Answer Correct Answer: B) 1921. 4. 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. 5. Economic infrastructure includes: A) Communication. B) Banking. C) Power. D) All of these. Show Answer Correct Answer: D) All of these. 6. 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. 7. Landholdings at the time of independence were A) Large. B) Economic. C) Fragmented. D) None of these. Show Answer Correct Answer: C) Fragmented. 8. 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). 9. 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. 10. 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. 11. The colonial rule destroyed India's traditional handicraft industry. A) True. B) False. Show Answer Correct Answer: A) True. 12. 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. 13. The first census data were collected in ..... during the British rule. A) 1881. B) 1891. C) 1911. D) 1921. Show Answer Correct Answer: A) 1881. 14. Estimation of national income by ..... is considered most significant. A) Dadabhai naoroji. B) William digby. C) A.K.R.V Rao. D) R.C.Desai. Show Answer Correct Answer: C) A.K.R.V Rao. 15. 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. 16. 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. 17. When did the British East India Company get permission to trade in India? A) 1618. B) 1757. C) 1907. D) 1615. Show Answer Correct Answer: A) 1618. 18. On the eve of independence Indian economy was heavily dependent upon A) Exports. B) Imports. C) Either A or B. D) Neither a nor b. Show Answer Correct Answer: B) Imports. 19. What is another name for service sector A) Tertiary. B) Primary. C) Secondary. D) Agriculture. Show Answer Correct Answer: A) Tertiary. 20. ..... mode of production leads to low productivity. A) Feudalistic. B) Capitalist. C) Socialist. D) All of these. 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