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Test: Indian Economy On The Eve Of Independence - 2 - UPSC MCQ


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20 Questions MCQ Test Indian Economy for UPSC CSE - Test: Indian Economy On The Eve Of Independence - 2

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Test: Indian Economy On The Eve Of Independence - 2 - Question 1

When was the first census data collected during British India

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 2 - Question 1

A systematic and modern population census, in its present form was conducted non synchronously between 1865 and 1872 in different parts of the country. This effort culminating in 1872 has been popularly labeled as the first population census of India However, the first synchronous census in India was held in 1881.

Test: Indian Economy On The Eve Of Independence - 2 - Question 2

TISCO stands for

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 2 - Question 2

TISCO - Tata Iron and Steel Company Limited.

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Test: Indian Economy On The Eve Of Independence - 2 - Question 3

Life expectancy at the eve of independence was:

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 2 - Question 3

The life expectancy rate was 32 years. The literacy rate of the country on the eve of Independence was 16% only.

Test: Indian Economy On The Eve Of Independence - 2 - Question 4

Which year regarded as Year of great divide

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 2 - Question 4

The year 1921 is taken as the demographic divide for the reason that before this year, the population was not stable, sometimes it increased and at other times it decreased.
The growth rate of population was generally low before 1921. But after this year, there has been considerable and continuous increase in the population.
Between 1901 and 1911, the total increase in population was 5.9% and between 1911 and 1921, there was a decrease of 0.39%. In the decade of 1921-1931, the increase was 11.1%, from 1931 to 1941, it was 14.00% and during 1941-1951, it was 13.5%. It is going increasingly since then. Hence the year 1921 is rightly called the demographic divide.

Test: Indian Economy On The Eve Of Independence - 2 - Question 5

Opening of Suez Canal in ____ significantly reduced the cost f transportation of goods between Britain and India

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 2 - Question 5

The Suez Canal is an artificial sea-level waterway in Egypt the Mediterranean Sea through the Red Sea via the Gulf of Suez. Construction began in September 1859 and was completed in November of 1869, 10 and a half years later. The Suez Canal is around 190 km in length.

Test: Indian Economy On The Eve Of Independence - 2 - Question 6

How much percentage of import and export were restricted to be between India and Britain

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 2 - Question 6

More than half of India’s foreign trade was restricted to Britain while the rest was allowed with a few other countries like China, Ceylon (Sri Lanka) and Persia (Iran). The opening of the Suez Canal further intensified British control over India’s foreign trade

Test: Indian Economy On The Eve Of Independence - 2 - Question 7

Railways were introduced in India in

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 2 - Question 7

The history of Indian Railways dates back to over 160 years ago. On 16 th April 1853, the first passenger train ran between Bori Bunder (Bombay) abd Thane, a distance of 34 km.

Test: Indian Economy On The Eve Of Independence - 2 - Question 8

Census is conducted after every

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 2 - Question 8
Answer:
Census is a process of collecting, compiling, and analyzing data about a population. It provides valuable information about the demographic, social, and economic characteristics of individuals living in a country or region. Census data is crucial for planning and policy-making purposes.
The frequency at which a census is conducted varies from country to country. In general, a census is conducted at regular intervals to ensure accurate and up-to-date data. The question asks about the interval at which a census is conducted.
The correct answer is B: 10 years. Census is conducted after every 10 years in most countries, including the United States, India, and many others.
Here are the reasons why a census is conducted every 10 years:
- Population Changes: A lot can change in a population over a decade. People are born, die, migrate, and change their demographic characteristics. Conducting a census every 10 years allows for capturing these changes and updating the population data accordingly.
- Policy and Resource Allocation: Census data is used to inform policy decisions and allocate resources. By conducting a census every 10 years, governments can have an accurate understanding of the population's needs and distribute resources accordingly.
- Long-Term Planning: Census data is essential for long-term planning purposes. It helps in making projections, identifying trends, and planning for future infrastructure, healthcare, education, and other needs. Conducting a census every 10 years provides a reasonable timeframe for such planning.
- Data Accuracy: Conducting a census at regular intervals ensures that the data remains accurate and up-to-date. Waiting for too long between censuses can result in outdated information, which may not reflect the current population dynamics.
It is important to note that while most countries conduct a census every 10 years, there can be exceptions. Some countries may conduct a census more frequently, especially if they have a rapidly changing population or specific data requirements. Additionally, there may be interim surveys or sample studies conducted between censuses to gather specific information on certain topics.
Test: Indian Economy On The Eve Of Independence - 2 - Question 9

The estimate given by Dr Rao regarding per capita output was

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 2 - Question 9

After independence, the Government of India appointed the National Income Committee in August, 1949 with Prof. P.C. Mahalnobis as its chairman and Prof. D.R. Gadgil and Dr. V.K.R.V. Rao as its two members so as to compile a national income estimates rationally on scientific basis. The first report of this committee was prepared in 1951. The estimate given by Dr Rao regarding per capita output was 0.005.

*Multiple options can be correct
Test: Indian Economy On The Eve Of Independence - 2 - Question 10

Following were the main land tenure system prevailing during British colonial period:

A. Zamindari System

B. Mahalwari System

C. Ryotwari System

D. Consolidation land holding System

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 2 - Question 10

Under British Rule, there were three main types of land tenure systems in India. They were Zamindars, Mahalwari and Rayatwari.

Test: Indian Economy On The Eve Of Independence - 2 - Question 11

Iron and steel industries began coming up in

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 2 - Question 11

Tata Iron and Steel Company or TISCO is the first iron and steel manufacturing plant in India which was founded and established by Jamsetji Tata and Dorabji Tata respectively on 26th August 1907 at Jamshedpur, Jharkhand. 

Test: Indian Economy On The Eve Of Independence - 2 - Question 12

Jute industries were located in

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 2 - Question 12

Jute Textile Industry is one of the major Industries in the Eastern India, particularly in West Bengal.

Test: Indian Economy On The Eve Of Independence - 2 - Question 13

Which statement is false?

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 2 - Question 13

The false statement is B: Indian economy at the time of independence was an industrial economy.
Explanation:
- On the eve of independence, agriculture was the principal occupation of people: This statement is true. Agriculture was the primary occupation of the majority of the Indian population at the time of independence. It was the main source of livelihood for people in rural areas.
- Indian economy at the time of independence was an industrial economy: This statement is false. The Indian economy at the time of independence was primarily agrarian in nature, with agriculture being the mainstay. The industrial sector was underdeveloped and contributed only a small portion to the overall economy.
- Railways was developed by the British Raj as a means to enlarge the size of the market for British India: This statement is true. The British Raj developed the railway infrastructure in India to facilitate the transportation of goods and raw materials, thereby expanding the market for British India and promoting colonial trade.
- Indian economy served as a source of raw material for the British industry and market for its finished goods: This statement is true. During the colonial period, India served as a supplier of raw materials, such as cotton, jute, and tea, to the British industry. Additionally, India was also a market for finished goods manufactured in Britain.
In conclusion, statement B is false as the Indian economy was primarily agrarian at the time of independence and not an industrial economy.
Test: Indian Economy On The Eve Of Independence - 2 - Question 14

Which of the following economist estimated per capita income during colonial period 

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 2 - Question 14

India’s per capita income during colonial period was estimated by some individual. Among the notable estimators — Dadabhai Naoroji, William Digby, Findlay Shirras.

Test: Indian Economy On The Eve Of Independence - 2 - Question 15

Largest share of work force which was 72% was engaged in

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 2 - Question 15

To determine the largest share of the workforce, we can look at the options given and analyze each sector to see which one had the highest percentage of workers.
The options are:
A: Secondary sector
B: Tertiary sector
C: Primary sector
D: None of these
To find the answer, we need to understand what each sector represents:
1. Secondary sector: This sector includes industries that engage in manufacturing and construction activities.
2. Tertiary sector: This sector comprises services such as banking, education, healthcare, tourism, etc.
3. Primary sector: This sector involves activities related to natural resources and raw materials, such as agriculture, mining, fishing, etc.
To determine the largest share of the workforce, we need to consider which sector employs the most people.
Given that the largest share of the workforce is 72%, we can conclude that the answer is C: Primary sector. This means that the majority of the workforce is engaged in activities related to natural resources and raw materials such as agriculture, mining, fishing, etc.
Test: Indian Economy On The Eve Of Independence - 2 - Question 16

CAGR stands for

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 2 - Question 16
CAGR stands for Compound Annual Growth Rate.
The Compound Annual Growth Rate (CAGR) is a financial metric used to measure the annual growth rate of an investment over a specific period of time. It represents the average rate at which an investment has grown or is expected to grow over multiple periods.
Here is a detailed explanation of the term:
1. Definition:
- Compound: The growth rate is compounded over the given period, meaning that it takes into account the effect of compounding.
- Annual: The growth rate is calculated on an annual basis.
- Growth Rate: It represents the rate at which an investment has grown or is expected to grow.
2. Calculation:
- The formula to calculate CAGR is: CAGR = (Ending Value / Beginning Value)^(1 / Number of Years) - 1
- It involves taking the ratio of the ending value of an investment to its beginning value, raising it to the power of 1 divided by the number of years, and then subtracting 1.
3. Example:
- Let's say you invested $1,000 in a stock that grew to $1,500 over a period of 5 years. The CAGR would be:
- CAGR = ($1,500 / $1,000)^(1 / 5) - 1
- CAGR = 0.1487 or 14.87%
4. Significance:
- CAGR provides a standardized way to compare the growth rates of different investments.
- It eliminates the impact of volatility and gives a more accurate representation of the investment's performance over time.
- It is commonly used in finance and investing to assess the performance of mutual funds, stocks, and other investment vehicles.
In conclusion, CAGR stands for Compound Annual Growth Rate, which is a financial metric used to measure the annual growth rate of an investment. It is calculated by taking the ratio of the ending value to the beginning value, raising it to the power of 1 divided by the number of years, and then subtracting 1. CAGR is a useful tool for comparing the performance of different investments and understanding their growth rates over time.
Test: Indian Economy On The Eve Of Independence - 2 - Question 17

Jute industries were dominated by

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 2 - Question 17

The cotton textile mills, mainly dominated by Indians, were located in the western parts of the country, namely, Maharashtra and Gujarat, while the jute mills dominated by the foreigners were mainly concentrated in Bengal.

Test: Indian Economy On The Eve Of Independence - 2 - Question 18

________ was developed by the British Raj as a means to enlarge the size of market for the British goods

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 2 - Question 18

The correct option is Option B

Railways assisted British industries to widen the market for their finished products. 

Post and telegraphs were developed to enhance the efficiency and effectiveness of the British administration.

Test: Indian Economy On The Eve Of Independence - 2 - Question 19

What is the value of GNP

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 2 - Question 19

GNP means gross national product. it is clear that it is on national level and a nation's resident should be included only. A another word is GDP it is gross domestic product. It includes every Product that has been made in our country it does not matter that who has made it resident or non resident.

Test: Indian Economy On The Eve Of Independence - 2 - Question 20

10 % _____ while 18% workforce were engaged in ______ sector

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 2 - Question 20

The three-sector is an economic theory which divides economies into three sectors of activity, manufacturing (secondary 10%), and services (tertiary 18%).

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