The US Story

Q.

The native population of the Americas dropped from almost 57 million to 5 million. What was the single most important reason for this?

1. None of these

2. Starvation caused by the influx of western settlers

3. Wars and conflicts with the western settlers

4. Epidemics like small pox, measles etc. which came from Europe

Q.

What were the geographical advantages which benefitted USA in its early stages?

1. Location which was sufficiently close to UK for maritime trade

2. Vast land and resources

3. Relative isolation and hence security from external invasion

4. All of these

Q.

The US standard model of development emphasized which of the following?

1. Increased imports

2. Development and spreading of religion

3. Mass education

4. Protective tariffs

Q.

Why did US adopt the UK's technology readily?

1. USA faced a lack of capital

2. Wages for labour were much lower in US compared to the UK

3. The US was forced to adopt the technology by the UK

4. Wages in the US were high and comparable to that of the UK.

Q.

The establishment of the US Federal Reserve is an example of which of the following aspects of the standard model?

1. Protectionism

2. Creation of national markets

3. Adoption of technology

4. Creation of national bank

Q.

What was the early socio-political advantages of the US settlers?

1. Strong trade relations with the Britain

2. A focus on education

3. All of these

4. The European settlers brought over cultural and institutional features like democracy.

Q.

The wages for labour were high in the US because of the ________.

1. Large availability of land

2. Highly educated population

3. Largely indigenous population

4. None of these

Q.

The British settlers in the US were dissatisfied with the British government of the colony. Why?

1. A large number of taxes were imposed on the colony by the British crown

2. The US settlers had no representation in the parliament which made important policy decisions for the US

3. The British governemnt went to war with the US

4. US settlers were not recognized as equal citizens by the British crown

Q.

Which of the following play a part in creating a strong national market?

1. Abolishing internal tariffs

2. Protective tariffs

3. Better transportation

4. Better healthcare facilities

Q.

Ensuring capital investment and a supply of credit for the many investment opportunities was important for the economic growth of the US. ___ banks were set up for this purpose.