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Indian Economy on the Eve of Independence test - 3

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Indian Economy on the Eve of Independence test - 3
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  • Question 1
    1 / -0

    Iron and steel industries began coming up in

    Solution

    The iron and steel industry in India  had a real beginning in the year 1907 after the establishment of Tata Iron and  Steel Company (TISCO).

  • Question 2
    1 / -0

    Jute industries were located in

    Solution

    Jute Textile Industry is one of the major Industries in the Eastern India, particularly in Bengal.

  • Question 3
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    Infant mortality rate was

    Solution

    Infant mortality rate was quite alarming—about 218 per thousand in contrast to the present infant mortality rate of 40 per thousand.

  • Question 4
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    At the time of India independence mass illiteracy was

    Solution

     The population census of 1941 (which was last census under British Rule) estimated the literacy rate at 17 %. This means that 83 of the total population was illiterate.

  • Question 5
    1 / -0

    Largest share of work force which was 72% was engaged in

    Solution

    Agriculture was the main occupation of India on the eve of independence.Largest share of work force which was about 72% was engaged in Primary secor

  • Question 6
    1 / -0

    CAGR stands for

    Solution

    The compound annual growth rate (CAGR) is the mean annual growth rate of an investment over a specified period of time longer than one year.

  • Question 7
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    Jute industries were dominated by

    Solution

    The jute mills dominated by the foreigners were mainly concentrated in Bengal.

  • Question 8
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    ________ was developed by the British Raj as a means to enlarge the size of market for the British goods

    Solution

    This huge railway network altered India’s transport system. As a result, transport costs were greatly reduced thereby to enlarge the size of market for the British goods. 

  • Question 9
    1 / -0

    What is the value of GNP

    Solution

    Gross national product (GNP) is a broad measure of a nation's total economic activity.GNP is the value of all finished goods and services produced in a country in one year by its nationals.

  • Question 10
    1 / -0

    10 % _____ while 18% workforce were engaged in ______ sector

    Solution

    The three-sector is an economic theory which divides economies into three sectors of activity , manufacturing (secondary 10%), and services (tertiary 18%).

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