1 . Explain the meaning of the commercialization of agriculture showing the change in the pattern of traditional agriculture?    

2 .How has a decline in handicrafts lead to progressive ruralization of the Indian economy?    

3 .Explain how the agrarian classes (landlords, peasants, labourers) were affected by various agrarian systems under the British rule?    

Case Detail:  
AS IT IS A HISTORICALLY BASED THEORY PAPER THERE IS NO CASE STUDY.
 Give Answer following Questions
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1. How does a famine lead to the weakening of the economic condition of masses? Name the major famines and examine the death toll under it. 

2. “Finance is the life – blood of an economy.” Elaborate the sentence in Indian context during the British rule. 

Assignment C
Question No.  1    
High Death rates and low birth rates are seen in which stage of demographic transition    
 
Options    
    
First
Second
Third
None of the above

Question No.  2    
Traditional path of growth followed by developing economies is.    
 
Options    
    
Agriculture, Industry and then Service led growth
Agriculture, Serviceand then Industry led growth
Service, Agriculture and then, Industry led growth
Industry, Agriculture, and then Service led growth

Question No.  3    
Share GDP from primary sector in overall GDP of India for 1950-51 was    
 
Options    
    
Over 50 percent
Over 40 percent
Under 50 percent
50 percent

Question No.  4    
Labour participation in agriculture sector declined from 73 percent in 1950-51 to    
 
Options    
    
Under 30 percent
Under 20 percent
Under 50 percent
None of the above.

Question No.  5    
First trade union was formed in India in    
 
Options    
    
1870
1921
1918
None of the above

Question No.  6    
In 1934 India experienced    
 
Options    
    
Trade deficit
Trade surplus
Trade balance (exports=imports)
None of the above

Question No.  7    
Home Charges were paid by______ to _________    
 
Options    
    
British to Indians
Indians to British
Poor India’s to Landlords
None of the above

Question No.  8    
During 1950-51 agriculture contributed    
 
Options    
    
Under 30 percent of national income
Over 80 percent of national Income
Around 50 percent of national income
None of the above.

Question No.  9    
The share of government sector in net domestic product for 1950-51 was:    
 
Options    
    
6.9 percent
7.6 percent
9.0percent
None of the above

Question No.  10    
Development of railways led to    
 
Options    
    
Dampening of economic growth
Price volatility
Development of ‘Social-Saving’ model
All the above.

Question No.  11    
Railways was introduced in the Indian economy in    
 
Options    
    
1843
1850
1853
None of the above

Question No.  12    
Second phase of development in railways was during    
 
Options    
    
1880-1915
1886-1895
1890-1945
None of the above

Question No.  13    
First economist to put forward the concept of ‘social saving’ was    
 
Options    
    
Hurd
Maddison
Adam Smith
None the above.

Question No.  14    
What kind of economy did India have in the pre British Era.    
 
Options    
    
Subsistence level
Mixed
Capitalist
Socialist

Question No.  15    
Which business organization represented British interests in India?    
 
Options    

East India Company
Mackenzie and brothers
British royals
Indian group of industries

Question No.  16    
Which continent traders dominated India in 14th and 15th century?    
 
Options    
    
America
Europe
Africa
Asia.

Question No.  17    
Why were the towns more famous during the British rule?    
 
Options    
    
More employment opportunities
Pilgrimage
Seats of court and capital of province
All the above

Question No.  18    
Identify the most important consequence of British interference in Indian economy?    
 
Options    
    
Loss of Trade
Decline of handicrafts
Increase of imports
Commercialization of agriculture

Question No.  19    
When was the first jute mill set up in India.    
 
Options    
    
1840s
1850s
1860s
1870s

Question No.  20    
Mention the causes of slow growth of private enterprise?    
 
Options    
    
Unimaginative private enterprise
Problem of capital and private enterprise
Private enterprise and the role of the government
Option a,b & c

Question No.  21    
Name the major industries that initially started working in India    
 
Options    
    
Cotton textiles.
Heavy industries
Consumer goods industries.
a, b ,& c

Question No.  22    
India is in which stage of demographic transition.    
 
Options    
    
First
Second
Third
Fourth

Question No.  23    
Rapid population growth results in which of the following:    
 
Options    
    
Increased employment
Burden on infrastructure
Increased per capita income
Lower Cost of Production

Question No.  24    
During 1921-1951 India experienced    
 
Options    
    
Steady Growth of population
Stagnant Growth of population
Rapid Growth of population
None of the above

Question No.  25    
High Death rates and low birth rates are seen in which stage of demographic transition    
 
Options    
    
First
Second
Third
None of the above

Question No.  26    
Traditional path of growth followed by developing economies is.    
 
Options    
    
Agriculture, Industry and then Service led growth
Agriculture, Serviceand then Industry led growth
Service, Agriculture and then, Industry led growth
Industry, Agriculture, and then Service led growth

Question No.  27    
Share GDP from primary sector in overall GDP of India for 1950-51 was    
 
Options    
    
Over 50 percent
Over 40 percent
Under 50 percent
50 percent

Question No.  28    
Labour participation in agriculture sector declined from 73 percent in 1950-51 to    
 
Options    
    
Under 30 percent
Under 20 percent
Under 50 percent
None of the above.

Question No.  29    
First trade union was formed in India in    
 
Options    
    
1870
1921
1918
None of the above

Question No.  30    
In 1934 India experienced    
 
Options    
    
Trade deficit
Trade surplus
Trade balance (exports=imports)
None of the above

Question No.  31    Marks - 10
Measurement of ………….uses national income accounting    
 
Options    
economic growth    
economic development    
both    
none

Question No.  32    Marks - 10
………………... is no guarantee of escaping poverty    
 
Options    
employment    
income    
expense    
all

Question No.  33    Marks - 10
Increases in employment without………... in productivity leads to a rise in the number of working poor,     
 
Options    
increases    
decrease    
fall    
all

Question No.  34    Marks - 10
 The ……………..cycle is made up of booms and drops in production that occur over a period of months or years.     
 
Options    
business    
operating    
cash    
bicycle

Question No.  35    Marks - 10
……….is the study of the economic aspects of the development process in low-income countries    
 
Options    
economic growth    
economic development    
both    
none

Question No.  36    Marks - 10
 Measuring national income at ………. may overcome this problem at the risk of overvaluing basic goods and services, for example subsistence farming.    
 
Options    
GDP    
ERP    
IRP    
PPP

Question No.  37    Marks - 10
Comparison of GDP from one country to another may be distorted by movements in …………………    
 
Options    
prices    
costs    
exchange rates    
all    

Question No.  38    Marks - 10
GDP takes ……..account of the inputs used to produce the output.     
 
Options    
a single    
no    
one    
two

Question No.  39    Marks - 10
Measures of GDP typically ………... unpaid economic activity, most importantly domestic work    
 
Options    
forget    
exclude    
include    
reject

Question No.  40    Marks - 10
Countries with higher GDP may be more likely to also score ………. on other measures of welfare, such as life expectancy    
 
Options    
high    
low    
one    
zero