Tag: economics

Questions Related to economics

When was the first proposal of the Indian railways made?

  1. 1842

  2. 1832

  3. 1835

  4. 1840


Correct Option: B
Explanation:

 First proposals for railways in India were made in Madras in 1832. The first train in India ran from Red Hills to Chintadripet bridge in 1837. It was called Red Hill Railway and used a rotary steam locomotive manufactured by William Avery.

What was the route of the India's first passenger train?

  1. Bombay to Thane

  2. Bombay to Madras

  3. Bombay to Delhi

  4. None of the above


Correct Option: A
Explanation:

The first passenger train in India ran between Bombay (Bori Bunder) and Thane on 16 April 1853. The 14-carriage train was hauled by three steam locomotives: Sahib, Sindh and Sultan.

Which of the following is considered as Britain's biggest contribution to India?

  1. Construction of roads

  2. Construction of railways

  3. Abolishing the zamindari system

  4. Establishing of waterway routes


Correct Option: B
Explanation:

The British introduced the railway system in India because they felt the need for a fast and quick transportation to carry the raw materials across the country easily which was needed by them.  Railways led to increased agricultural output, export of food-grains, widening of markets, commercialization of agriculture, and, hence, cropping pattern. As railways widened the markets for the agricultural sectors, Indian agriculture became linked to the world trade cycles.

State whether the following statements are True or False.
Railway routes are unevenly distributed in India.

  1. True

  2. False


Correct Option: A
Explanation:
The uneven distribution pattern of the railway network in India  due to its diverse topography and geographical conditions Railways can't be fixed up everywhere.

Which of these cannot be a cause of high population growth in India?

  1. high birth rate

  2. low death rate

  3. illiteracy

  4. unemployment


Correct Option: D

One of the reasons for India's occupational structure remaining more or less the same over the years has been that ________________________.

  1. investment pattern has been directed towards capital intensive industries.

  2. productivity in agriculture has been high enough to induce people to stay with agriculture.

  3. ceiling-on land holdings have enabled more people to own land and hence their preference to stay with agriculture.

  4. people are largely unaware of the significance of transition from agriculture to industry for economic development.


Correct Option: A
Explanation:

It has been one of the chief criticisms of the planning. which emphasised the capital intensive industries in place of promoting the labour intensive industries.

In the Indian economy prior to $1947$, there was virtually no ___________ in the Indian economy.

  1. Public sector

  2. Socialist goal

  3. Agricultural development

  4. Government involvement


Correct Option: A
Explanation:

The British rule lasted for two centuries before India won its independence in 1947. The sole purpose of the British economic policy was to reduce India into a feeder economy for expansion of Britain’s own modern industrial base. There was virtually no public sector in the Indian economy. 

Pre-independence India had a flourishing economy based on agriculture and handicrafts. The quality of workmanship in the field on textiles and precious stones was high leading to a worldwide base for Indian products. The British policy was to turn India into an exporter of raw materials and consumer of finished goods. This led to the disruption of the Indian economy. The British never made any attempt to calculate the national or per capita income.

The first railway train journeyed between __________ and ___________.

  1. Mumbai, Goa

  2. Poona, Mumbai

  3. Poona, Nasik

  4. Mumbai, Thane


Correct Option: D
Explanation:

The first railway line in India was constructed during the rule of Lord Dalhousie.  The first passenger train in India ran between Bombay (Bori Bunder) and Thane on 16 April 1853.The first train started from Bori Bunder in Bombay at 3:35 pm on April 16, 1853 with a 21-gun salute. It had 14 carriages.

The theory which explains the relation between fertility and mortality is known as ________.

  1. Malthusian Theory of Population

  2. Optimum Theory of Population

  3. Theory of Demographic Transition

  4. Biological Theory of population


Correct Option: C
Explanation:

Theory of Demographic Transition is a theory that throws light on changes in birth rate and death rate and consequently on the growth rate of population. Along with the economic development, tendencies of birth-rate and death rate are different. Because of it, the growth rate of population is also different.

When was the first census conducted in India?

  1. 1905

  2. 1891

  3. 1881

  4. 1850


Correct Option: C
Explanation:

The first synchronous census in India was held in 1881. Since then, censuses have been undertaken uninterruptedly once every ten year. The 1881 India wide census enumerated the total number of males as 12,99,41,851 and of females as 12,39,49,970 in a total 1881 population of 25,38,91,821.