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Test: Indian Economy On The Eve Of Independence - 1


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10 Questions MCQ Test Indian Economy for UPSC CSE | Test: Indian Economy On The Eve Of Independence - 1

Test: Indian Economy On The Eve Of Independence - 1 for Teaching 2022 is part of Indian Economy for UPSC CSE preparation. The Test: Indian Economy On The Eve Of Independence - 1 questions and answers have been prepared according to the Teaching exam syllabus.The Test: Indian Economy On The Eve Of Independence - 1 MCQs are made for Teaching 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Indian Economy On The Eve Of Independence - 1 below.
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Test: Indian Economy On The Eve Of Independence - 1 - Question 1

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

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

Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao and R.C. Desai are the economists who estimated India’s national income and per capita income during the colonial period. Among these estimations, Rao’s estimates were considered more significant.

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

What was the rate of growth of real output in our country during the first half of the twentieth century

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

The growth of the aggregate real output (GDP) was less than 2% during the first half of the 20th century and growth of per capita income was just 0.5%.

Test: Indian Economy On The Eve Of Independence - 1 - Question 3

What was the percentage of population dependent directly or indirectly on agriculture

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 1 - Question 3

India's economy under British rule remained primarily agrarian - around 85% country's population lived in villages and derived livelihood directly or indirectly through agriculture.

Agriculture, with its allied sectors, is the largest source of livelihoods in India. 70 percent of its rural households still depend primarily on agriculture for their livelihood, with 82 percent of farmers being small and marginal. In 2017-18, total food grain production was estimated at 275 million tonnes (MT).

Test: Indian Economy On The Eve Of Independence - 1 - Question 4

Reason for low productivity in agriculture sector

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 1 - Question 4

Low productivity in agriculture is due to low level of technology. In India farm farmers are still using poor and old agriculture technology of farming. in some areas farmer still do agriculture for survival

Test: Indian Economy On The Eve Of Independence - 1 - Question 5

Capital goods industries are those

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 1 - Question 5

Capital goods industry means industries which can produce machine, tools etc. which are, in turn, used for producing articles for current consumption.

Test: Indian Economy On The Eve Of Independence - 1 - Question 6

GDP stands for

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 1 - Question 6

The gross domestic product (GDP) is one of the primary indicators used to gauge the health of a country's economy. It represents the total dollar value of all goods and services produced over a specific time period, often referred to as the size of the economy.

Test: Indian Economy On The Eve Of Independence - 1 - Question 7

What is GDP

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 1 - Question 7

Gross Domestic Product (GDP) is the broadest quantitative measure of a nation's total economic activity. More specifically, GDP represents the monetary value of all goods and services produced within a nation's geographic borders over a specified period of time.

Test: Indian Economy On The Eve Of Independence - 1 - Question 8

TISCO was incorporated in

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 1 - Question 8

Tata Iron and Steel Company was founded  and established on 26 August 1907.

Test: Indian Economy On The Eve Of Independence - 1 - Question 9

Identify the industries which were under the public sector during the colonial period

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 1 - Question 9

Railways industries which were under the public sector during the colonial period.

Test: Indian Economy On The Eve Of Independence - 1 - Question 10

Which of the following contributed to the dismal level of agricultural productivity during the colonial times?

i) Low levels of technology,

ii) Lack of irrigation facilities

iii) Abundant use of fertilisers

Detailed Solution for Test: Indian Economy On The Eve Of Independence - 1 - Question 10

The use of fertilizers was negligible. It also added up to aggravate the plight of the farmers.

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