Tag: economics

Quizzes (361) Questions (3598)

Questions Related to economics

Multiple choice economics the state of the indian economy on the eve of independence diversification into productive activities policy of agriculture, industry and foreign trade under british rule cottage and small scale industries

After passing legislation, the rent charged from tenants was fixed between  _______.

  1. 25 to 60%

  2. 25 to 50%

  3. 35 to 60%

  4. 35 to 50%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Post-independence land reform legislation aimed to protect tenants by fixing rent ceilings, typically ranging between 25% and 50% of the gross produce.

Multiple choice economics the state of the indian economy on the eve of independence diversification into productive activities policy of agriculture, industry and foreign trade under british rule cottage and small scale industries

It is uncommon in a zamindari system _______________.

  1. for land to belong to the tiller

  2. for land not to belong to the tiller

  3. that all the cultivated land to belong to zamindar and uncultivated to the tiller

  4. none of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In the Zamindari system, the landlord (Zamindar) owned the land, and the actual tiller was merely a tenant or laborer. Therefore, it was very uncommon for the tiller to own the land they cultivated.

Multiple choice economics the state of the indian economy on the eve of independence diversification into productive activities policy of agriculture, industry and foreign trade under british rule cottage and small scale industries

Ceilings on land holdings were fixed as under ________.

  1. 18 acres of wetland & 54 acres of unirrigated land

  2. 18 acres of unirrigated & 54 acres of wetland

  3. 18 acres of both unirrigated & wetland

  4. 54 acres of both unirrigated & wetland
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Land ceiling acts were introduced to redistribute excess land. The standard limits were generally set at 18 acres for wetland and 54 acres for unirrigated land to account for differences in productivity.

Multiple choice economics the state of the indian economy on the eve of independence diversification into productive activities policy of agriculture, industry and foreign trade under british rule cottage and small scale industries

Around ______ percent of population of the country was engaged in agriculture sector at the time of independence.

  1. 40

  2. 50

  3. 60

  4. 72
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

At the time of independence in 1947, the Indian economy was overwhelmingly agrarian, with approximately 72% of the workforce engaged in the agricultural sector.

Multiple choice economics international economics indian economy during reforms liberalization, privatisation and globalisation: an appraisal structural changes in indian economy after liberalization

Select the correct statement/statements using the code given below:
1. Industrial lockouts caused by the striking contractual labour has increased during the last $5$ years, which indicates immediate need of labour reforms in India pending since long.
2. Increasing labour unrest in India is emerging as the main determinant in attracting FDI. 

  1. Only I

  2. Only 2

  3. I and 2

  4. Neither 1 nor 2
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Both the statements are incorrect. The number of strikes and lockouts show a decreasing trend at least in the instances of lockouts, in the country. Labour unrest in India is not seen as a major deterrent in attracting FDI to the country. 

Multiple choice economics international economics indian economy during reforms liberalization, privatisation and globalisation: an appraisal structural changes in indian economy after liberalization

Regional disparity in per capita income in India has increased in the post reform period due to many factors. Which among the following factors has not contributed to the growth in such disparity?

  1. Decline in the share of public investment.

  2. Change in policy regime regulating investment locations.

  3. Poor governance and poor infrastructure.

  4. Allocation of central government funds through the award of finance commission.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Finance Commission's role is to ensure equitable distribution of funds between the center and states. It is designed to reduce, not increase, regional disparities, making it the correct answer for a factor that did not contribute to disparity.

Multiple choice economics international economics indian economy during reforms liberalization, privatisation and globalisation: an appraisal structural changes in indian economy after liberalization

Growth in GDP during reform period was mainly driven by growth in _______.

  1. service sector

  2. agriculture sector

  3. industrial sector

  4. both A and C
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Growth in GDP during reform period was mainly driven by the growth in the service sector. During the reform period, the growth of agriculture and industrial sectors has declined whereas the growth of service sector has gone up.

Multiple choice economics international economics indian economy during reforms liberalization, privatisation and globalisation: an appraisal structural changes in indian economy after liberalization

As a result of foreign investment _____________.

  1. India has seen a tremendous rise in new technology

  2. India is the fifth largest foreign exchange reserve holder in the world

  3. rising prices could not be kept under control

  4. all of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation
The opening up of the economy has led to rapid increase in foreign direct investment and foreign exchange reserves. At present, India is the sixth largest foreign exchange reserve holder in the world. Rising prices have also been kept under control. and India has seen tremendous rise in new technology.
Multiple choice economics international economics indian economy during reforms liberalization, privatisation and globalisation: an appraisal structural changes in indian economy after liberalization

Developing countries don't have access to developed countries market because _______.

  1. high non-tariff barriers like quota restriction

  2. inability to produce

  3. lack of labour

  4. none of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation
A developing country like India still does not have the access to developed countries’ markets because of high non-tariff barriers. For example, although all quota restrictions on exports of textiles and clothing have been removed from India, U.S.A. has not removed their quota restriction on import of textiles from India and China.