Economics Practice Quiz 79

Q1.From which financial centre did capital primarily flow to support the global expansion of agriculture and related infrastructure during the mid-nineteenth century?

A. New York B. Paris C. London D. Frankfurt

Q2.By how many times is world trade estimated to have multiplied between 1820 and 1914?

A. 5 to 10 times B. 10 to 15 times C. 25 to 40 times D. 50 to 75 times

Q3.What percentage of world trade between 1820 and 1914 comprised 'primary products'?

A. Nearly 20 per cent B. Nearly 40 per cent C. Nearly 60 per cent D. Nearly 80 per cent

Q4.Before the 1870s, what was a major problem associated with shipping live animals from America to Europe for meat trade?

A. The animals gained too much weight during the voyage. B. There was an oversupply of meat in Europe. C. Many animals died or became unfit to eat during the voyage. D. Shipping costs were exceptionally low, reducing profits.

Q5.What was a prerequisite for the export of meat, as exemplified by the ship Alexandra in 1878?

A. The availability of large port facilities. B. The invention of the telegraph. C. The refrigeration of ships. D. The establishment of global trade agreements.

Q6.What is highlighted as a destructive impact of colonialism on colonised people?

A. Promotion of local industries B. Improvement in traditional farming methods C. Destructive impact on the economy and livelihoods D. Introduction of new democratic governance

Q7.In the late nineteenth century, what were the primary resources that attracted Europeans to Africa, leading them to establish plantations and mines?

A. Abundant skilled labour and advanced technology B. Vast resources of land and minerals C. Strategic military bases and naval ports D. Unique wildlife and tourist attractions

Q8.By the 1890s, what percentage of the world's gold production was contributed by South Africa, specifically from the gold fields of Transvaal?

A. Approximately 10 percent B. Exactly 15 percent C. Over 20 percent D. Nearly 30 percent

Q9.In late-nineteenth-century Africa, why did individuals possessing land and livestock often see little reason to work for a wage?

A. They were legally prohibited from engaging in wage labor. B. There were few consumer goods that wages could buy. C. Their traditional beliefs forbade working for foreigners. D. They earned more through subsistence farming alone.

Q10.How did the loss of cattle due to Rinderpest primarily affect African livelihoods?

A. It destroyed African livelihoods and forced them into the labour market B. It led to increased trade opportunities with European powers C. It encouraged the development of new self-sufficient farming methods D. It resulted in a shift towards industrial employment within Africa

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Economics Practice Quiz 79