Tag: history

Questions Related to history

The Great Depression was a period of ______.

  1. Political crisis

  2. Social crisis

  3. Environmental crisis

  4. Economic crisis

  5. None of these


Correct Option: D
Explanation:

The Great Depression was an economic slump in North America, Europe, and other industrialised areas of the world that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialised Western world. Factories shut down, exports fell, farmers were badly hit and speculators withdrew their money from the market.

What was the important goal of The Federal Deposit Insurance Corp (FDIC), which was an integral part of The Banking Act of 1933?

  1. To prevent massive bank failure such as what was experienced between 1929 and 1932.

  2. To encourage Americans to refrain from using their savings to invest in the stock market.

  3. To offer cheap mortgage insurance to struggling Americans.

  4. To increase bank reserves in order to banks to lend credit to American businesses.

  5. To convince skeptical Americans about the safety of depositing their money in re-opened banks.


Correct Option: A
Explanation:

The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation providing deposit insurance to depositors in US banks. The FDIC was created by the 1933 Banking Act after the Great Depression to restore trust in the American banking system; more than one-third of banks failed in the years before the FDIC's creation, and bank runs were common.

 

Which city was called the fabled “City of Gold”?

  1. Peru

  2. Mexico

  3. El Dorado

  4. Spain


Correct Option: C
Explanation:

Legends spread in seventeenth-century Europe about South America’s fabled wealth. Many expeditions set off in search of El Dorado, the fabled city of gold. 

Which of the following is not a economic exchange?

  1. Flow of labour

  2. Flow of capital

  3. Flow of knowledge

  4. Flow of trade


Correct Option: C

What is the growth rate of economy?

  1. 8%

  2. 7%

  3. 6%

  4. 5%


Correct Option: A
Explanation:

Globalization is a boon for developing nations. The growth rate of economy is 8%. New technology has added to growth of cities, but villages are deprived of development.

What were the advantages of invention of refrigerated ship?

  1. This reduced the shipping costs and lowered meat prices in Europe.

  2. The poor in Europe could now consume a more varies diet.

  3. To the earlier, monotony of Bread and potatoes many, not all could add meat, butter or egg.

  4. All of above


Correct Option: D
Explanation:

Advantages of invention of refrigerated ship-
1-This reduced the shipping costs and lowered meat prices in Europe.
2-The poor in Europe could now consume a more varies diet.
3-To the earlier, monotony of Bread and potatoes many, not all could add meat, butter or egg.
4- Better living conditions promoted social peace within the country and supported for imperialism abroad.

What was 'Corn Laws'?

  1. Restriction on import of corn

  2. Permission on import of corn

  3. Restriction on export of corn

  4. Permission on export of corn.


Correct Option: A
Explanation:

Population growth from the late eighteenth century had increased the demand for food grains in Britain. As urban centers expanded and industry grew, the demand for agricultural products went up, pushing up food grains prices. Under pressure from landed groups, the government also restricted the import of corn. The laws allowing the government to do this were commonly known as the 'Corn Laws'.

Who adopted the concept of assembly line to produce automobiles?

  1. Samuel Morse

  2. Henry Ford

  3. T. Cuppla

  4. Imam Husain


Correct Option: B

Which system was based on fixed exchange rate?

  1. Bretton wood system

  2. Political system

  3. Military system

  4. None of thses


Correct Option: A
Explanation:

The Bretton wood system was based on fixed exchange rates. In this system the national currencies were pegged to the dollar at a fixed exchange rate. The Bretton woods system inaugurated an era of unprecedented growth of trade and incomes for the western industrial nations.

Wines were famous in ______.

  1. India

  2. China

  3. Europe

  4. Arabia


Correct Option: C
Explanation:
 Wine is famous all over Europe with French having its one of best wines.  France is one of the largest wine producers in the world. French wine traces its history to the 6th century BCE, with many of French regions dating their wine-making history to Roman times. The wines produced range from expensive wines sold internationally to modest wines usually only seen within France such as the Margnat wines were during the post war period.
Romans also had trade relations with India. At Arikamedu in Tamil Nadu, large amphorae jars are found which are supposed to be the containers of wine bought from the Roman empire for the Indian Princes.