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The Economic Impact of British Rule in India-1 - Free MCQ Practice Test


MCQ Practice Test & Solutions: Test: The Economic Impact of British Rule in India-1 (10 Questions)

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Test Highlights:

  • - Format: Multiple Choice Questions (MCQ)
  • - Duration: 10 minutes
  • - Number of Questions: 10

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Test: The Economic Impact of British Rule in India-1 - Question 1

What impact did the East India Company's acquisition of Diwani of Bengal in 1765 have on trade?

Detailed Solution: Question 1

The acquisition of Diwani allowed the East India Company to establish a monopoly on foreign trade in Bengal, limiting opportunities for Indian merchants.

Test: The Economic Impact of British Rule in India-1 - Question 2

What action did British manufacturers take to protect their goods in England?

Detailed Solution: Question 2

British manufacturers pressured the government to restrict and even prohibit the sale of Indian goods in England, leading to laws forbidding the use of certain Indian fabrics.

Test: The Economic Impact of British Rule in India-1 - Question 3

When did the first railway line in India open for traffic?

Detailed Solution: Question 3

The first railway line in India opened in 1853 after the guarantee of interest to railway companies in 1848.

Test: The Economic Impact of British Rule in India-1 - Question 4

Why did Lord Ellenborough acknowledge the financial burden on India in 1840?

Detailed Solution: Question 4

Lord Ellenborough admitted in 1840 that India had to transmit large sums annually to Britain without substantial returns.

Test: The Economic Impact of British Rule in India-1 - Question 5

What was the state of India's industrial development before the arrival of Europeans?

Detailed Solution: Question 5

Before the Europeans arrived, India had a thriving industrial sector, with skilled craftsmen and wealthy rulers. The Industrial Commission of 1918 noted India's historical prowess in industrial and artistic skills.

Test: The Economic Impact of British Rule in India-1 - Question 6

What was the impact of the Charter Act of 1813 on the import duty of cotton piece-goods?

Detailed Solution: Question 6

While the duty on Indian cotton piece-goods was 17%, the Charter Act of 1813 significantly reduced the duty on imported cloth to 2.5%, protecting British manufacturers.

Test: The Economic Impact of British Rule in India-1 - Question 7

When did the first cotton mill start in India?

Detailed Solution: Question 7

The first cotton mill in India began operations in 1853 at Broach in the Bombay Presidency.

Test: The Economic Impact of British Rule in India-1 - Question 8

Which Act of 1900 aimed to restrict non-agriculturists from buying land from farmers for an extended period?

Detailed Solution: Question 8

The Punjab Land Alienation Act of 1900 prohibited non-agriculturists from buying land from farmers for more than twenty years.

Test: The Economic Impact of British Rule in India-1 - Question 9

When did the Reserve Bank of India come into existence?

Detailed Solution: Question 9

The Reserve Bank of India was established in 1935, leading to rapid progress in Indian joint-stock banks.

Test: The Economic Impact of British Rule in India-1 - Question 10

What type of banking institution was the Oudh Commercial Bank, started in 1881?

Detailed Solution: Question 10

The Oudh Commercial Bank, established in 1881, was the first Indian banking enterprise based on the joint-stock limited liability principle.

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