Indian Economy on the Eve of Independence - Online Test
Q1. CAGR stands for
Answer : Option D
Explaination / Solution:
The compound annual growth rate (CAGR) is the mean annual growth rate of an investment over a specified period of time longer than one year.
Q2. Jute industries were dominated by
Answer : Option D
Explaination / Solution:
The jute mills dominated by the foreigners were mainly concentrated in Bengal.
Q3. ________ was developed by the British Raj as a means to enlarge the size of market for the British goods
Answer : Option C
Explaination / Solution:
This huge railway network altered India’s transport system. As a result, transport costs were greatly reduced thereby to enlarge the size of market for the British goods.
Q4. What is the value of GNP
Answer : Option D
Explaination / Solution:
Gross national product (GNP) is a broad measure of a nation's total economic activity.GNP is the value of all finished goods and services produced in a country in one year by its nationals.
Q5. 10 % _____ while 18% workforce were engaged in ______ sector
Answer : Option A
Explaination / Solution:
The three-sector is an economic theory which divides economies into three sectors of activity , manufacturing (secondary 10%), and services (tertiary 18%).
Q6. During major part of British period
Answer : Option A
Explaination / Solution:
During major part of British period exports was more than imports. The resulted in favourable balance of trade.
Q7. Death rate and birth rate at the time of independence was
Answer : Option D
Explaination / Solution:
High birth rate and high death rate are treated as an index of backwardness of India, at the time of independence (1947)
Q8. Life expectancy refers to
Answer : Option C
Explaination / Solution:
Life expectancy refers to the number of years a person is expected to live based on the statistical average.
Q9. Indian economy at the time of independence was
Answer : Option D
Explaination / Solution:
High growth of population, lower level of human development, agricultural dominance, unequal distribution of income and wealth, scarce resources of production, high rate of unemployment, high dependency ratio, lack of entrepreneurs and low level of technology reflect Backward economies at the time of independence.
Q10. Partition resulted to in dislocation of entire industrial structure which leads
Answer : Option B
Explaination / Solution:
The partition of India caused a rude setback, it created manifold problems.
