The Great Depression

Q.

What are the features of business cycles?

Q. The prices of agricultural products started to climb due to overproduction, making the situation worse during the Great Depression.

1. True
2. False

Q. Explain the causes of the Great Depression.

Q. Why is the period from 1929 to mid-1930s known as the Great Depression?

1. It resulted in unemployment.
2. There was a decline in production.
3. Number of civilian deaths increased.
4. An epidemic broke out.

Q. Which of the following factors led to the Great Economic Depression of 1929-1932?

1. Nazism
2. Brest-Litovsky Pact
3. Formation of Soviet Union
4. The US Stock Market Crash

Q. Which of the following statement(s) is/are true about the Great Depression?

1. There was a decline in the demand of goods which led to a decline in production.
2. There was a decline in demand due to decline in production.
3. The prices of goods were low throughout the Great Depression.
4. The Great Depression resulted in massive unemployment.

Q. Which of the following could be true about the role of women during World War I?

1. Women were confined to their homes due to the violent circumstances.
2. Women took on new roles in the workforce, in war production and agriculture.
3. Women were sent to the frontlines of the war to serve in combat roles, all across the world.
4. Women served as nurses in military hospitals during the war.

Q. Identify the features of the welfare states from the following:

1. Ensuring employment opportunities
2. Food security
3. Healthcare
4. Accumulating weapons

Q. S1: Farmers produced more agricultural products in order to compensate for lower prices in the market.

S2: The lowered rates of crops and farm incomes was a major factor that led to the Great Depression around the world.

Select the most appropriate option from the following:

1. S1: True; S2: True; S1 is the reasons for S2
2. S1: True; S2: True; S1 and S2 are independent sentence
3. S1: True; S2: False
4. S1: False; S2: True

Q. Which of the following was a factor that contributed to the Great Economic Depression (1929-1932)?

1. Nazism
2. Brest-Litovsk Pact
3. Formation of the Soviet Union
4. Collapse of Wall Street Exchange

Q. I was born in the summer of 1929, in one of today's global powers. My arrival was felt all around the world. I travelled across different countries but my birthplace arguably felt my presence the most. I was responsible for a rise in unemployment across the globe. Who am I?

1. The Spanish Flu
2. World War I
3. World War II
4. The Great Depression
5. Rinderpest

Q. How did the US revive its economy after its entry into the Second World War?

1. By reducing the expenditure on army
2. By increasing the expenditure on army
3. By eliminating farm produce
4. By reducing the demand for farm produce

Q. Women won their right to vote in ___________.

1. 1918, Germany.
2. 1917, Britain
3. 1918, Britain
4. 1917, Britain

Q. 29 October, 1929 is also known as .

1. Black Monday
2. Black Tuesday
3. Black Thursday
4. Black Friday

Q.

Explain any five fields other than income where development is needed.

Q. Imperialism refers to extending control over other countries through military forces or by gaining political or economic control.

1. True
2. False

Q. Which of the following statement(s) is/are true regarding the ideas of the economist JM Keynes?

1. He rejected the role of the state in creating employment opportunities.
2. He came up with a relief program called the New Deal.
3. He wanted the state to invest money and generate more employment.
4. He believed that the state is responsible for keeping the economy healthy.

Q. The world spiralled into Great Depression on Black Tuesday. Arrange the following events in chronological order that led to this:

1) Investors traded 16 million in a day.

2) USA got its economy on track after the First World War.

3) The economy of USA was booming and it attracted more investors.

4) New York Stock Exchange crashed.

5) Investors went broke.

1. 1, 2, 3, 4, 5
2. 2, 4, 3, 1, 5
3. 3, 4, 2, 1, 5
4. 2, 3, 4, 1, 5

Q. In which year did the Great Depression begin?

1. 1931
2. 1929
3. 1925
4. 1921

Q. Capitalism led to , where the countries exerted their power through in order to gain control of other regions.

1. treaties
2. wars
3. military force
4. imperialism

Q. Which among the following statement(s) is/are true about Russia after the First World War?

1. The entire working class supported capitalism.
2. India signed a treaty with Russia
3. The Bolshevik government came into power under the leadership of Vladimir Lenin.
4. Ideologies like Socialism and communism flourished.

Q. Identify the features of the welfare states from the following.

1. Ensuring employment opportunities
2. Food security
3. Healthcare
4. Accumulating weapons

Q. The US stock market exchange faced a huge crash in ________.

1. 1929
2. 1928
3. 1927
4. 1926

Q. Marxists argued thatwas the root cause of the Great Depression.

1. socialism
2. capitalism
3. feudalism

Q. Which of the following statement(s) is/are true regarding the social security system in the USA?

1. Permanent system of universal retirement pensions
2. Unemployment insurance
3. Welfare benefits for all children
4. Employment insurance

Q. The Second World War was fought between ___________ and ___________.

1. The Central powers and the Axis powers
2. The Central powers and the Allied powers
3. Germany and the Axis powers
4. The Allied powers and the Axis powers

Q.

mention the impact of first world war on agricultural economics?

Q. On which commodity the Government can not pass ordinance and raise prices ?

1. Petroleum products
2. Vegetables
3. Electricity
4. Natural gas

Q. Which of the following was a factor that contributed to the Great Economic Depression (1929-1932)?

1. Nazism
2. Brest-Litovsk Pact
3. Formation of the Soviet Union
4. Collapse of Wall Street Exchange

Q. In which year did the Great Depression begin?

1. 1931
2. 1929
3. 1925
4. 1921