Economics Practice Quiz 83

Q1.Which of the following was an immediate impact of the withdrawal of US loans in Europe?

A. Collapse of currencies like the British pound sterling B. Increase in agricultural prices C. Rise in industrial production D. Expansion of international trade

Q2.How did the withdrawal of US loans affect Latin America and other regions?

A. It intensified the slump in agricultural and raw material prices B. It led to a boom in industrial output C. It stabilized local currencies D. It encouraged foreign investment

Q3.What measure did the US take to protect its economy during the depression, which also severely impacted world trade?

A. Doubling import duties B. Reducing export subsidies C. Nationalizing major industries D. Implementing a fixed exchange rate

Q4.In response to the fall in prices and the prospect of a depression, what action did US banks take domestically?

A. Slashed domestic lending and called back loans B. Increased interest rates on savings accounts C. Expanded credit availability for businesses D. Invested heavily in government bonds

Q5.Approximately how many banks had closed in the US by 1933 during the Great Depression?

A. Over 4,000 B. Around 1,000 C. Less than 500 D. Exactly 2,500

Q6.How many companies had collapsed in the US between 1929 and 1932?

A. About 110,000 B. Around 50,000 C. Over 200,000 D. Less than 10,000

Q7.By which year was a modest economic recovery underway in most industrial countries after the Great Depression?

A. 1935 B. 1930 C. 1929 D. 1938

Q8.How did the Great Depression immediately affect Indian trade?

A. It immediately affected Indian trade, particularly exports B. It led to a significant increase in Indian exports C. It had no noticeable impact on Indian trade D. It caused India to become a net importer of agricultural goods

Q9.By what percentage did wheat prices in India fall between 1928 and 1934, according to the provided text?

A. 25 per cent B. 40 per cent C. 50 per cent D. 60 per cent

Q10.During the economic depression between 1928 and 1934, which group suffered more in India?

A. Urban dwellers B. Industrial workers C. Peasants and farmers D. Government employees

Sign in with Email

Economics Practice Quiz 83