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Test: The Economic Impact of British Rule in India-1 - SSC CGL MCQ


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

Test: The Economic Impact of British Rule in India-1 for SSC CGL 2024 is part of SSC CGL preparation. The Test: The Economic Impact of British Rule in India-1 questions and answers have been prepared according to the SSC CGL exam syllabus.The Test: The Economic Impact of British Rule in India-1 MCQs are made for SSC CGL 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: The Economic Impact of British Rule in India-1 below.
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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 for Test: The Economic Impact of British Rule in India-1 - 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 for Test: The Economic Impact of British Rule in India-1 - 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.
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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 for Test: The Economic Impact of British Rule in India-1 - 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 for Test: The Economic Impact of British Rule in India-1 - 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 for Test: The Economic Impact of British Rule in India-1 - 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 for Test: The Economic Impact of British Rule in India-1 - 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 for Test: The Economic Impact of British Rule in India-1 - 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 for Test: The Economic Impact of British Rule in India-1 - 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 for Test: The Economic Impact of British Rule in India-1 - 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 for Test: The Economic Impact of British Rule in India-1 - 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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