Insights Revision Plan for Prelims 2016: Test – 21
27 June 2016
Questions Based on Day – 24 Syllabus
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Insights Prelims 2016 Revision Tests
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The following Quiz is based on Topics given under Insights Revision Plan for Prelims 2016 (Click Here for timetable)
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- Question 1 of 20
1. Question
2 pointsWith reference to Muslin, consider the following statements
- It’s a type of woollen textile
- The finest variety of muslin was called malmal and was produced in Bangladesh
Which of the above statements is/are correct?
CorrectSolution: b)
NCERT Class XI, Indian Economic Development, Page 4
It is a cotton textile. Gets is name from Mosul (Iraq).
IncorrectSolution: b)
NCERT Class XI, Indian Economic Development, Page 4
It is a cotton textile. Gets is name from Mosul (Iraq).
- Question 2 of 20
2. Question
2 pointsConsider the following statements:
- Periodically, the British government estimated India’s national and per capita income and published it in official gazette
- Most studies have found that the country’s growth of aggregate real output during the first half of the twentieth century was less than two per cent
Which of the above statements is/are correct?
CorrectSolution: b)
NCERT Class XI, Indian Economic Development, Page 5
British didn’t publish any such economic data for India.
IncorrectSolution: b)
NCERT Class XI, Indian Economic Development, Page 5
British didn’t publish any such economic data for India.
- Question 3 of 20
3. Question
2 pointsConsider the following statements:
- His estimates of the national and per capita incomes during the colonial period were considered very significant
- He established Delhi School of Economics
To which of the following personalities does above description refer?
CorrectSolution: c)
NCERT Class XI, Indian Economic Development, Page 5
IncorrectSolution: c)
NCERT Class XI, Indian Economic Development, Page 5
- Question 4 of 20
4. Question
2 pointsConsider the following statements:
- The opening of the Suez Canal weakened British control over India’s foreign trade
- The generation of a large export surplus was a significant feature of India’s foreign trade during the colonial period
Which of the above statements is/are correct?
CorrectSolution: b)
NCERT Class XI, Indian Economic Development, Page 8 – 9
The opening of the Suez Canal further intensified British control over India’s foreign trade. The most important characteristic of India’s foreign trade throughout the colonial period was the generation of a large export surplus. But this surplus came at a huge cost to the country’s economy. Several essential commodities—food grains, clothes, kerosene etc. — became conspicuous by their acute scarcity in the domestic market. Furthermore, this export surplus did not result in any flow of gold or silver into India. Rather, this was used to make payments for the expenses incurred by an office set up by the colonial government in Britain, expenses on war, again fought by the British government, and the import of invisible items, all of which led to the drain of Indian wealth.
IncorrectSolution: b)
NCERT Class XI, Indian Economic Development, Page 8 – 9
The opening of the Suez Canal further intensified British control over India’s foreign trade. The most important characteristic of India’s foreign trade throughout the colonial period was the generation of a large export surplus. But this surplus came at a huge cost to the country’s economy. Several essential commodities—food grains, clothes, kerosene etc. — became conspicuous by their acute scarcity in the domestic market. Furthermore, this export surplus did not result in any flow of gold or silver into India. Rather, this was used to make payments for the expenses incurred by an office set up by the colonial government in Britain, expenses on war, again fought by the British government, and the import of invisible items, all of which led to the drain of Indian wealth.
- Question 5 of 20
5. Question
2 pointsConsider the following statements:
- Railways started by the British in India fostered commercialisation of Indian agriculture which adversely affected the comparative self-sufficiency of the village economies in India
- In the 69 years since the country’s Independence, successive governments have managed to lay only around 10,000 km of new tracks
Which of the above statements is/are correct?
- Question 6 of 20
6. Question
2 pointsWhich of the following are features of a socialist society?
- Government decides what goods are to be produced
- Government owns every means of production
- Distribution will be based on what people need and not on what they can afford to purchase
Which of the above statements is/are correct?
CorrectSolution: d)
NCERT Class XI, Indian Economic Development, Page 16 – 17
IncorrectSolution: d)
NCERT Class XI, Indian Economic Development, Page 16 – 17
- Question 7 of 20
7. Question
2 pointsWith reference to land reforms in India, consider the following statements:
- Land ceiling means fixing the maximum size of land which could be owned by an individual
- Land reforms which primarily refer to change in the ownership of landholdings
- It can be concluded that efforts to bring land reforms in India is a huge success
Which of the above statements is/are correct?
CorrectSolution: a)
NCERT Class XI, Indian Economic Development, Page 23
Please read this important article on Land Reforms: http://planningcommission.nic.in/reports/articles/venka/index.php?repts=m-land.htm
IncorrectSolution: a)
NCERT Class XI, Indian Economic Development, Page 23
Please read this important article on Land Reforms: http://planningcommission.nic.in/reports/articles/venka/index.php?repts=m-land.htm
- Question 8 of 20
8. Question
2 pointsWhich of the following will make a positive impact on economy?
CorrectSolution: c)
NCERT Class XI, Indian Economic Development, Page 25
IncorrectSolution: c)
NCERT Class XI, Indian Economic Development, Page 25
- Question 9 of 20
9. Question
2 pointsThe Karve committee formed in 1955 during the Second five-year plan was related to
CorrectSolution: a)
NCERT Class XI, Indian Economic Development, Page 29
In 1955, the Village and Small-scale Industries Committee, also called the Karve Committee, noted the possibility of using small-scale industries for promoting rural development.
IncorrectSolution: a)
NCERT Class XI, Indian Economic Development, Page 29
In 1955, the Village and Small-scale Industries Committee, also called the Karve Committee, noted the possibility of using small-scale industries for promoting rural development.
- Question 10 of 20
10. Question
2 pointsThe origin of the 1991 financial crisis in India was mainly the result of
CorrectSolution: b)
NCERT Class XI, Indian Economic Development, Page 39
IncorrectSolution: b)
NCERT Class XI, Indian Economic Development, Page 39
- Question 11 of 20
11. Question
2 pointsConsider the following statements:
- The 1991 economic reforms in India changed the role of RBI from facilitator to regulator
- Before 1991 reforms, banks needed to get permission from RBI to open their new branches
- As part of 1991 reforms, the rupee was devalued against foreign currencies
Which of the above statements is/are correct?
CorrectSolution: b)
NCERT Class XI, Indian Economic Development, Page 41 – 42
RBI’s role was reduced from regulator to facilitator (second statement is the hint)
IncorrectSolution: b)
NCERT Class XI, Indian Economic Development, Page 41 – 42
RBI’s role was reduced from regulator to facilitator (second statement is the hint)
- Question 12 of 20
12. Question
2 pointsThe 1991 reforms did not benefit agriculture sector. Which of the following is/are the reasons?
- Reduced public investment in infrastructure such as irrigation, power and roads during reforms period
- Implementation of certain WTO rules by India
- Removal of subsidies
- Export oriented policy in agriculture
Select the correct answer using codes below:
CorrectSolution: d)
Reforms in Agriculture: Reforms have not been able to benefit agriculture, where the growth rate has been decelerating. Public investment in agriculture sector especially in infrastructure, which includes irrigation, power, roads, market linkages and research and extension (which played a crucial role in the Green Revolution), has been reduced in the reform period. Further, the removal of fertiliser subsidy has led to increase in the cost of production, which has severely affected the small and marginal farmers. Moreover, since the commencement of WTO, this sector has been experiencing a number of policy changes such as reduction in import duties on agricultural products, removal of minimum support price and lifting of quantitative restrictions on agricultural products; these have adversely affected Indian farmers as they now have to face increased international competition. Moreover, because of exportoriented policy strategies in agriculture, there has been a shift from production for the domestic market towards production for the export market focusing on cash crops in lieu of production of food grains. This puts pressure on prices of food grains.
IncorrectSolution: d)
Reforms in Agriculture: Reforms have not been able to benefit agriculture, where the growth rate has been decelerating. Public investment in agriculture sector especially in infrastructure, which includes irrigation, power, roads, market linkages and research and extension (which played a crucial role in the Green Revolution), has been reduced in the reform period. Further, the removal of fertiliser subsidy has led to increase in the cost of production, which has severely affected the small and marginal farmers. Moreover, since the commencement of WTO, this sector has been experiencing a number of policy changes such as reduction in import duties on agricultural products, removal of minimum support price and lifting of quantitative restrictions on agricultural products; these have adversely affected Indian farmers as they now have to face increased international competition. Moreover, because of exportoriented policy strategies in agriculture, there has been a shift from production for the domestic market towards production for the export market focusing on cash crops in lieu of production of food grains. This puts pressure on prices of food grains.
- Question 13 of 20
13. Question
2 pointsConsider the following statements:
- In India, the urban poor are largely the overflow of the rural poor
- The poverty line concept in India has failed to address needs and problems of urban poor
Which of the above statements is/are correct?
- Question 14 of 20
14. Question
2 pointsConsider the following statements:
- In India, due to unequal distribution of land and other assets, the benefits from direct poverty alleviation programmes have been appropriated by the non-poor
- According to the Rangarajan committee estimates, poverty in India is 29.5 per cent (2011 – 12)
Which of the above statements is/are correct?
CorrectSolution: c)
NCERT Class XI, Indian Economic Development, Page 75
http://www.thehindu.com/business/Economy/rangarajan-defends-poverty-estimates/article6186614.ece
IncorrectSolution: c)
NCERT Class XI, Indian Economic Development, Page 75
http://www.thehindu.com/business/Economy/rangarajan-defends-poverty-estimates/article6186614.ece
- Question 15 of 20
15. Question
2 pointsThe Tapas Majumdar Committee of 1999 was concerned with which of the following sector?
CorrectSolution: b)
Tapas Majumdar Committee was set up in 1999 to look into the financial implications of operationalising the 83rd Amendment Bill introduced by union government in 1997, seeking to make the right to free and compulsory education up to the age of 14 a fundamental right.
http://www.thehindu.com/features/education/issues/rte-act-heavily-underfunded-cry/article389638.ece
IncorrectSolution: b)
Tapas Majumdar Committee was set up in 1999 to look into the financial implications of operationalising the 83rd Amendment Bill introduced by union government in 1997, seeking to make the right to free and compulsory education up to the age of 14 a fundamental right.
http://www.thehindu.com/features/education/issues/rte-act-heavily-underfunded-cry/article389638.ece
- Question 16 of 20
16. Question
2 pointsDirections for the following 4 (four) items:
The following graph shows the average profit of two fruit-sellers A and B in thousands (Rs.) per year from the year 1995 to 2000.
Consider the graph and answer the 4 (four) items that follow:
16) In which year is the average profit of A and B same?
CorrectSolution: b)
IncorrectSolution: b)
- Question 17 of 20
17. Question
2 pointsWhat is the difference between the average profit of B and A in the year 1998?
CorrectSolution: c)
IncorrectSolution: c)
- Question 18 of 20
18. Question
2 pointsHow much more average profit did A make in the year 2000 than in the year 1999?
CorrectSolution: d)
IncorrectSolution: d)
- Question 19 of 20
19. Question
2 pointsWhat is the trend of the average profit of B from the year 1997 to the year 2000?
CorrectSolution: b)
IncorrectSolution: b)
- Question 20 of 20
20. Question
2 pointsA worker reaches his factory 3 minutes late if his speed from his house to the factory is 5 km/hr. If he walks at a speed of 6 km/hr then he reaches the factory 7 minutes early the distance of the factory from his house is
Correct- Solution: c)
Incorrect- Solution: c)