Economics Practice Quiz 100

Q1.What type of products are produced by weavers in their homes?

A. Only sarees and towels B. Only shirting and ladies dress material C. A variety of sarees, towels, shirting, ladies dress material and bedsheets D. Only bedsheets and ladies dress material

Q2.How many powerlooms are typically found in a weaving unit?

A. 1-2 powerlooms B. 2-8 powerlooms C. 10-15 powerlooms D. 20-25 powerlooms

Q3.What is the advantage of the putting-out system for weavers?

A. They have to spend their money on purchase of yarn B. They have to find their own markets for the finished cloth C. They do not have to spend their money on purchase of yarn and the problem of selling the finished cloth is taken care of D. They have the power to decide what cloth to make and how much to weave

Q4.What is the disadvantage of the putting-out system for weavers?

A. They have the power to decide what cloth to make and how much to weave B. They are paid a very high price for making the cloth C. The merchants have a lot of power and pay a very low price for making the cloth D. They do not have to work long hours on the looms

Q5.Where are the looms typically located?

A. In the merchant's shop B. In a separate factory C. In sheds adjacent to the weavers' houses D. In the market

Q6.What is the role of the weavers and their families in the production of cloth?

A. They only supply the yarn to the merchants B. They only purchase the finished cloth from the merchants C. They spend long hours working on the looms to weave the yarn into cloth D. They only export the finished cloth

Q7.What is the primary purpose of a weaver's cooperative?

A. To reduce dependence on the merchant and earn higher income B. To increase the number of looms per weaver C. To provide free schooling to children D. To export cloth abroad

Q8.What do foreign buyers demand from garment exporters?

A. Low prices and low standards of quality B. High prices and high standards of quality C. Low prices and high standards of quality D. No demands

Q9.Why do garment exporters agree to the demands made by foreign buyers?

A. Because they want to supply high-quality garments B. Because they want to maximize their profits C. Because they have to meet the conditions set by the powerful buyers D. Because they want to cut costs

Q10.How do garment exporters meet the conditions set by foreign buyers?

A. By increasing the wages of workers B. By decreasing the workload of workers C. By getting the maximum work out of the workers at the lowest possible wages D. By supplying low-quality garments

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Economics Practice Quiz 100