The Leadup to the Industrial Revolution

Q. The ${20}^{th}$ century is called the ___________.

1. age of planning
2. age of renaissance
3. age of revolution
4. age of freedom

Q.

The European countries were constantly engaged in conflict because _____

1. The countries were almost equal in military strength

2. The countries were in close proximity, there was not much geographical separation

3. They had excess resources that they could utilize for wars

4. Some European countries were opposed to Monarchy

Q. India was a leading exporter of .

1. cotton
2. jute
3. silk
4. tea

Q. According to the World Development Report 2006, brought out by the World Bank, countries with per capita income of Rs. 4, 53, 000 p.a. and above are called __________________.

1. Weak countries
2. Rich countries
3. Low income countries
4. All of them

Q.

What were the reasons behind the early economic dominance of India and China?

1. Geography which was conducive for agriculture

2. technological progress

3. socio-political superiority

4. large population

Q.

Which countries were the major exporters in the pre-industrial times?

1. USA

2. European nations

3. India and China

4. Arabian countries

Q. acted as the middlemen in spice trade in the 15th century.

1. Europeans
2. Indians
3. Arab nations
4. Mediterranean

Q. European countries were caught in conflict primarily due to.

1. cheap military
2. close proximity
3. monarchy opposition
4. excess resources

Q. In the pre-reforms period (i.e. before 1991), restrictions on import consisted of:

1. Import licenses
2. Quantitative restrictions
3. All of the above
4. Quota system

Q. A reason England was able to overcome its exclusionary institutions was .

1. opposition to taxes
2. power of the king
3. high coal deposits
4. tax restrictions

Q. The word 'Economics' is derived from two Greek words _____ and _____.

1. Okos and Nomos
2. Artha Shastra
3. Acro and polis
4. Geo and logy

Q. How many years it took to increase the population of the world from $1$ billion to $2$ billion?

1. $50$
2. $100$
3. $150$
4. $200$

Q. The leading cotton producing countries of the world are _____.

1. USA
2. Uzbekistan
3. All of these
4. Brazil
5. Pakistan

Q. Use the figure given to answer Questions.
Which points on or around PPF solve the problem of allocation of resources?

1. Points $A,B,P$ and $P_1$
2. Point $M$
3. Point $N$
4. None of the above

Q. According to world bank report 2004, what is the minimum per capita income (in dollars) for a country to be called a developing country ?

1. $ 480
2. $ 520
3. $ 735
4. $ 250