Tag: india's contemporary economic condition

Questions Related to india's contemporary economic condition

When was the first effective factory law was passed for the textile factories? 

  1. 1933

  2. 1836

  3. 1842

  4. 1853


Correct Option: A
Explanation:

The Factory Act of 1833, passed after Sadler had left Parliament, restricted the working day in textile mills to 12 hours for persons aged 13 through 17, and 8 hours for those aged 9 through 12. Sadler's health was fatally impaired by his strenuous work with the committee.The Factory Act of 1833, passed after Sadler had left Parliament, restricted the working day in textile mills to 12 hours for persons aged 13 through 17, and 8 hours for those aged 9 through 12. Sadler's health was fatally impaired by his strenuous work with the committee. Hence, Option A is correct. Among the rest, none of the dates correspond to the bill being passed, hence, incorrect.

Which among the following countries with great coordination showed enthusiasm in trade and exploiting the Indian markets due to Industrial revolution?

  1. England

  2. France

  3. Japan

  4. Germany


Correct Option: A

Which statement is not applicable for capitalism?

  1. Economic system based on mass production

  2. Means of production are Government owned

  3. Economic system is based on mass distribution

  4. The capitalist aims at maximizing profits


Correct Option: B
Explanation:

An economic system which is based on private ownership of the means of production and their operation for profit is known as capitalism. The maximization of profit is the main motive of the producer. Profit guides the production in this type of economy. There is no interference of government in the economic activities of the economy. This means producers and consumers are free to take decisions. 

Who discovered the sea route to India?

  1. Columbus

  2. Vasco-da-Gama

  3. Magellan

  4. John Cabot


Correct Option: B
Explanation:

Vasco-da-Gama a Portuguese explorer discovered the sea route to India In

  1. After sailing down the western coast of Africa and rounding the Cape of Good Hope, his expedition made numerous stops in Africa before reaching the trading post of Calicut, India, in May 1498.

After the name of which explorer, the continent of America was given its name?

  1. Amerigo Vespucci

  2. Christopher Columbus

  3. Vasco-da-gama

  4. John Cabot


Correct Option: A
Explanation:

America was named after Amerigo Vespucci, a Florentine navigator and explorer who played a prominent role in exploring the New World. Believing he had discovered a new continent, in a letter to Florence, Vespucci called South America the New World.