Economics Practice Quiz 113

Q1.What was a consequence of India's export surplus during the colonial period?

A. It benefited the Indian economy B. It came at a huge cost to the country's economy C. It led to increased food grain imports D. It reduced British control

Q2.What was the impact of the Suez Canal's opening on trade with India?

A. Increased cost of transportation B. Reduced cost of transportation C. No change in transportation cost D. Eliminated sea trade routes

Q3.What did the export surplus from India during British rule lead to?

A. Inflow of gold and silver B. Drain of Indian wealth C. Increase in domestic availability of goods D. Reduction in foreign debt

Q4.Which sector accounted for the largest share of the occupational structure in India during the colonial period?

A. Agricultural sector B. Industrial sector C. Service sector D. Manufacturing sector

Q5.What was the share of the workforce in the agricultural sector in India at the time of independence?

A. 50-60 per cent B. 70-75 per cent C. 80-85 per cent D. 60-65 per cent

Q6.What were the shares of the manufacturing and services sectors in the workforce at the time of independence?

A. Manufacturing 10%, Services 15-20% B. Manufacturing 15%, Services 10% C. Manufacturing 20%, Services 10% D. Manufacturing 10%, Services 25%

Q7.How did the railways affect the structure of the Indian economy?

A. They promoted self-sufficiency of village economies B. They enabled long distance travel and fostered commercialisation of agriculture C. They reduced regional disparities in development D. They increased the share of manufacturing in GDP

Q8.What was the condition of the agricultural sector at the time of India's independence?

A. High productivity and modern technology B. Surplus labour and extremely low productivity C. Self-sufficient with no surplus labour D. Rapidly growing with mechanization

Q9.What did the industrial sector need at the time of independence?

A. Nationalization and closure B. Modernisation, diversification, capacity building and increased public investment C. Complete privatization D. Focus on handicraft industries

Q10.What did the independent Indian government need to do with the infrastructure base left by the British?

A. Dismantle it B. Build on it through planning C. Ignore it D. Privatize it

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Economics Practice Quiz 113