Economics Practice Quiz 80

Q1.Which of the following was a reason for the migration of poor people from regions like eastern Uttar Pradesh and Bihar in the mid-nineteenth century, leading to indentured labour?

A. Decline of cottage industries B. Government incentives for overseas migration C. Discovery of new mineral resources in their home regions D. Improved agricultural practices leading to surplus labor

Q2.Which of the following groups of Indian bankers and traders financed export agriculture in Central and Southeast Asia?

A. Marwari Seths and Gujarati Baniyas B. Shikaripuri Shroffs and Nattukottai Chettiars C. Parsi Merchants and Bohra Traders D. Sindhi Amils and Bhaibands

Q3.What type of goods did Hyderabadi Sindhi traders primarily sell at their emporia in busy ports worldwide?

A. Raw materials B. Industrial machinery C. Local and imported curios D. Agricultural produce

Q4.Historically, which Indian product was primarily exported to Europe before industrialisation in Britain?

A. Spices B. Indigo C. Fine cottons D. Tea

Q5.What measure did British industrialists pressurise their government to impose on cloth imports into Britain to protect local industries?

A. Subsidies for British manufacturers B. Tariffs on cloth imports C. Export bans on raw cotton D. Quotas on British textile production

Q6.Besides financing export agriculture, what other significant capabilities did Indian bankers like Shikaripuri Shroffs and Nattukottai Chettiars possess?

A. They established large industrial factories B. They developed advanced military technologies C. They had a sophisticated system to transfer money over large distances and developed indigenous forms of corporate organisation D. They controlled major shipping routes

Q7.Between 1812 and 1871, how did the share of raw cotton exports from India change?

A. It rose from 5 per cent to 35 per cent. B. It declined from 30 per cent to 15 per cent. C. It dropped from 15 per cent to below 3 per cent. D. It remained steady at 35 per cent.

Q8.Which of the following accurately describes the trade relationship between Britain and India during the nineteenth century?

A. Indian manufactures flooded the British market B. British manufactures flooded the Indian market C. India primarily imported finished goods from China D. Britain primarily imported food grains from China

Q9.Based on the provided text, what condition led to Britain having a 'trade surplus' with India during the nineteenth century?

A. The value of British imports from India was much higher than its exports to India B. The value of British exports to India was much higher than its imports from India C. India had a trade surplus with Britain due to high exports D. Both countries had balanced trade with each other

Q10.How did Britain utilize its trade surplus with India during the nineteenth century?

A. To invest in Indian infrastructure projects B. To pay for its imports from India C. To balance its trade deficits with other countries D. To provide financial aid to India

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Economics Practice Quiz 80