Impacts of Colonial Rule

Q.

Indicate the volume and direction of trade at the time of independence.

Q.

Explain the reason for the decline of the handicraft industry in India.

Q.

The traditional handicrafts industries were ruined under the British rule. Do you agree with this view? Give reasons in support of your answer.

Q.

Explain the objectives of Britain for developing the railways in India.

Q.

What is export surplus? How did it prove disadvantageous to India?

Q.

"The railways affected the structure of the Indian economy positively as well as negatively.' Discuss.

Q.

Briefly discuss the main features of international trade during the British rule.

Q.

The composition of foreign trade of any country tells us about the nature of commodities that are exported and imported.
What can you state about the composition of India's foreign trade at the time of Independence?

Q.

APJ Abdul Kalam said, "YOUR BEST TEACHER IS YOUR LAST MISTAKE." Explain.

Q.

Do you think India has scope in handloom and handicrafts exports?

Q. The main objective of the First Five-Year Plan was to ______________.

1. Remove poverty
2. Increase India's GDP
3. Correct the damage done to the economy by partition
4. Provide better health and educational facilities

Q. Explain the importance of India's foreign trade.

Q. Along with India, , which was a manufacturing hub, was reduced to an underdeveloped economy because of colonialism.

1. USA
2. China
3. Spain
4. France

Q. The latest industrial policy reforms have reduced the industrial licensing requirements, removed restrictions on investment and expansion, and facilitated easy access to foreign technology and foreign direct investment.

1. False
2. True
3. None of above
4. Partly true

Q. The most important of the non-tariff trade barriers are __________.

1. quotas
2. health regulations
3. pollution standards
4. labelling and packaging regulations

Q. Define Buffer Stock

Q.

In the 19th century, almost 20% of the Indian population was literate.

1. False

2. True

Q. Define monopoly. Give an example.

Q. By 1913, USA, UK and Western Europe accounted for percentage of global output.

1. 25
2. 50
3. 75
4. 100

Q.

Identify the industry/industries which were under the public sector during the colonial period.

1. Capital goods

2. Railways

3. Information Technology

4. All of the above

Q. A very small percentage of the working population is engaged in which of the two sectors?

1. Primary and secondary
2. None of these
3. tertiary and primary
4. Secondary and tertiary

Q. Goods that a country gets from other countries are called______.

1. Exports
2. Imports
3. Foreign Trade
4. None of these

Q. The Railways were established in India in order to and connect interior regions to port-areas.

1. move troops
2. foster demand
3. build national market

Q. Name the trade protection strategy which limits imports coming into an country.

1. Tariffs
2. Quotas
3. Administrative barriers
4. Devaluation of currency

Q.

Britain invested heavily in educational institutions in India. State true or false.

1. False

2. True

Q.

Which of the following led to the destruction of the Indian markets?

1. The shift from a major exporter to a major importer of cotton

2. Integration of the global markets

3. The industrialisation of Britain, bringing down the cotton prices

4. All of these

Q. According to the 2011 census, India's labour force was _____ per cent of its population.

1. 50%
2. 52.5%
3. 45%
4. 55%

Q. The trade policy reforms aimed at _____.

1. reduction of tariff rates
2. all of the above
3. removal of licensing procedures for imports
4. dismantling quantitative restrictions on imports and exports

Q. In order to catch up with fast-developing nations like UK, India had to bring about changes one of which was .

1. import tariffs
2. export restraints
3. low capital spending
4. market break-down

Q. Balance of trade of a country is equivalent to __________________.

1. difference between the inward and outward remittances made in foreign exchange
2. surplus generated shown in a trading account
3. none of the above
4. difference between exports and imports