Economics Practice Quiz 89

Q1.What was a significant consequence of the seasonality of work in many industries during the Age of Industrialisation?

A. Increased demand for skilled labour B. Prolonged periods without work for many C. Stable income for urban workers D. Reduced migration to rural areas

Q2.Besides the wage rate, what other factor was critical in determining the average daily income of workers?

A. The cost of living B. The number of days of work C. The type of industry D. The worker's skill level

Q3.What was the main impact of the Spinning Jenny on the spinning process and labour demand?

A. It slowed down the spinning process and increased labour demand. B. It speeded up the spinning process and reduced labour demand. C. It had no significant effect on either process or demand. D. It diversified the types of threads produced.

Q4.What was the primary role of Indian merchants and bankers in the pre-colonial export trade network?

A. Financing production, carrying goods, and supplying exporters B. Establishing factories and managing labor C. Negotiating treaties with European powers D. Collecting taxes for local courts

Q5.What was the approximate gross value of trade that passed through Surat in the last years of the seventeenth century?

A. Rs 16 million B. Rs 3 million C. Rs 10 million D. Rs 25 million

Q6.By the 1740s, to what amount had the gross value of trade passing through Surat slumped from its late seventeenth-century value?

A. Rs 3 million B. Rs 16 million C. Rs 1 million D. Rs 8 million

Q7.What percentage of India’s exports did piece-goods account for in 1811-12?

A. 3% B. 15% C. 33% D. 50%

Q8.Why did industrial groups in England pressurize their government to impose import duties on cotton textiles in the early nineteenth century?

A. To protect Indian weavers from foreign competition. B. To increase the revenue for the British government. C. To ensure Manchester goods could sell in Britain without competition from outside. D. To promote the export of raw cotton from India.

Q9.At the end of the eighteenth century, what was the status of import of cotton piece-goods into India?

A. It was a major import item. B. There was virtually no import. C. Imports were increasing dramatically. D. It constituted over 50% of Indian imports.

Q10.By the 1870s, what was the approximate percentage of the value of Indian imports constituted by cotton piece-goods?

A. Around 15% B. Around 30% C. Over 50% D. Less than 5%

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Economics Practice Quiz 89