Economics Practice Quiz 97

Q1.Besides being the CAG Economics Chairperson, Sanjeev Sanyal is also identified as a member of which body in the text?

A. IIT Gandhinagar B. EAC-PM C. University of Delhi D. FLAME University

Q2.As per the provided text, who among the following is a Professor of Economics in the Department of Education in Social Sciences (DESS), NCERT, and also serves as CAG (Economics)?

A. M.V. Srinivasan B. Seema Shukla Ojha C. Jaya Singh D. Pratima Kumari

Q3.Under which main theme is the chapter 'Banks and the Magic of Finance' categorized?

A. Theme A — India and the World: Land and the People B. Theme B — Tapestry of the Past C. Theme D — Governance and Democracy D. Theme E — Economic Life Around Us

Q4.How were the specialists working at Chola temples, such as priests, garland makers, and musicians, primarily maintained?

A. Through direct royal treasury grants B. By collecting taxes from nearby villages C. From the produce of land endowed to the temples D. Through voluntary donations from devotees only

Q5.Which of the following statements accurately describes the economic condition of the Mughal Empire in the Seventeenth Century, according to international travellers?

A. It was a land of widespread poverty with no wealth B. It was a fabled land of wealth, but also had glaring inequalities and poverty C. It was economically stagnant due to military inefficiency D. It was known for its equitable distribution of wealth

Q6.In the Mughal Empire, what was the impact of the scale of revenue collection on primary producers like peasants and artisans?

A. It encouraged them to invest in additional resources B. It provided them with substantial income for savings C. It left very little for investment in their hands D. It led to an increase in their overall prosperity

Q7.What factor, as mentioned in the text, created new economic opportunities and led to improved social and economic positions for certain groups, enabling them to construct temples?

A. The coming of the European trading companies B. Increased agricultural productivity in the region C. Patronage from local kings and rulers D. Development of new internal trade routes

Q8.What paradox regarding the financial state of the Mughal Empire is highlighted by the phrase 'Rich harvests and empty coffers'?

A. Abundant agricultural production led to increased tax collection. B. Despite good agricultural output, the empire suffered from financial bankruptcy. C. The empire had vast gold reserves but lacked fertile land. D. Foreign trade flourished while domestic economy declined.

Q9.What is the definition of a Barter System according to the provided text?

A. It is a trade in which goods are exchanged without the use of money. B. It is a system where goods are bought and sold using a common currency. C. It is a method of trade involving the exchange of services for money. D. It is a commercial transaction facilitated by banks and financial institutions.

Q10.Which of these developments occurred after the invention of the wheel and production of surplus food?

A. Industrial revolution. B. Barter system emerged. C. Information revolution. D. Transportation became faster.

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Economics Practice Quiz 97