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12th Grade > Economics - 2

PRE INDEPENDENCE MCQs

Total Questions : 26 | Page 3 of 3 pages
Question 21. Jute industries were located in _______.
  1.    Gujarat
  2.    Maharshtra
  3.    Bengal
  4.    Rajasthan
 Discuss Question
Answer: Option C. -> Bengal
:
C
Jute textile industry is one of the major industries in the eastern India, particularly in Bengal.
Question 22. Identify the industry/industries which were under the public sector during the colonial period. 
  1.    Capital goods
  2.    Railways
  3.    Information Technology
  4.    All of the above
 Discuss Question
Answer: Option B. -> Railways
:
B
A few industries like railways, power generation and communications were under the public sector during the colonial period.
Question 23. Which of the following is not part of the 'Standard Model of Development'?
  1.    Mass education
  2.    Creation of a national bank
  3.    High internal tarrifs
  4.    Adoption of technology
 Discuss Question
Answer: Option C. -> High internal tarrifs
:
C
High internal tariffs is not a part of the standard model of economic development. Internal tariffs are actually removed for the creation of a national market.
Question 24. The incentive for mechnanization was less in India because
  1.    wage rate relative to price of capital was high in India
  2.    wage rate relative to price of capital was low in India
  3.    wage rate and price of capital were compareable in India
  4.    none of these
 Discuss Question
Answer: Option B. -> wage rate relative to price of capital was low in India
:
B
Since labour was cheap in India, the incentive for mechanization was less in India, especially because of the capital-intensive nature of it.
Question 25.  Which of the following economists estimated per capita income during the colonial period?
  1.    Findlay Shirras
  2.    William Digby
  3.    Dadabhai Naoroji
  4.    All of these
 Discuss Question
Answer: Option D. -> All of these
:
D
All of these economists made an attempt to estimate the per capita income during the colonial period.
Question 26. ___, the spinning machine invented by Samuel Crompton became the basis of mechanical spinning for a century.
 Discuss Question

:
Mule,the spinning machine invented by Samuel Crompton became the basis of mechanical spinning for a century.

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