12th Class Economics Indian Economy On The Eve Of Independence Question Bank

done Case - Based - Indian Economy on the Eve of Independence Total Questions - 8

• question_answer1)

  India has seen a long and rich history of handicrafts. Years and years of evolution and refinement have made it possible for India to retain a coveted spot in the handicrafts landscape of the world. Where the ancients were exemplary in their craft, the contemporary craftsmen are adept in using the knowledge of the ancients by adding modem craft techniques to them. They have carefully preserved this age - old art that represents dignity, style and beauty of the Indian culture.

  Voyaging through the lanes of Indian handicrafts is a tempestuous affair. There are seen striking ups and downs throughout the late 2000s, had a grave impact on handicrafts industry.

  Despite the growth of handicraft industry in India and the measures taken by the government to promote handicrafts, the average earning of a craftsman when compared to that of other fields is very low. Hence, the younger generation is moving to other fields with only the elder craftsmen being left behind. The country needs younger generation of craftsmen to carry on the tradition of handicrafts, and this is only possible by ensuring the assistance of craftsmen to improve their techniques, availability of quality raw materials, direct marketing channels, credit and better wages and providing them with socio-economic benefits.

  Source: The statesman.com Nov. 1, 2018

  India had a world wide reputation of..........

  A)
  handicrafts done clear
  B)
  landscape done clear
  C)
  labour done clear
  D)
  None of these done clear
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• question_answer2)

  India has seen a long and rich history of handicrafts. Years and years of evolution and refinement have made it possible for India to retain a coveted spot in the handicrafts landscape of the world. Where the ancients were exemplary in their craft the contemporary craftsmen are adept in using the knowledge of the ancients by adding modem craft techniques to them. They have carefully preserved this age - old art that represents dignity style and beauty of the Indian culture.

  Voyaging through the lanes of Indian handicrafts is a tempestuous affair. There are seen striking ups and downs throughout the late 2000s had a grave impact on handicrafts industry.

  Despite the growth of handicraft industry in India and the measures taken by the government to promote handicrafts the average earning of a craftsman when compared to that of other fields is very low. Hence the younger generation is moving to other fields with only the elder craftsmen being left behind. The country needs younger generation of craftsmen to carry on the tradition of handicrafts and this is only possible by ensuring the assistance of craftsmen to improve their techniques availability of quality raw materials direct marketing channels credit and better wages and providing them with socio-economic benefits.

  Source: The statesman.com Nov. 1, 2018

  To preserve handicrafts industry and to promote it the country should encourage younger generation of craftsmen helping them with:

  A)
  availability of quality raw materials done clear
  B)
  better wages done clear
  C)
  direct marketing channels done clear
  D)
  All of the above done clear
  View Solution play_arrow

• question_answer3)

  India has seen a long and rich history of handicrafts. Years and years of evolution and refinement have made it possible for India to retain a coveted spot in the handicrafts landscape of the world. Where the ancients were exemplary in their craft the contemporary craftsmen are adept in using the knowledge of the ancients by adding modem craft techniques to them. They have carefully preserved this age - old art that represents dignity style and beauty of the Indian culture.

  Voyaging through the lanes of Indian handicrafts is a tempestuous affair. There are seen striking ups and downs throughout the late 2000s had a grave impact on handicrafts industry.

  Despite the growth of handicraft industry in India and the measures taken by the government to promote handicrafts the average earning of a craftsman when compared to that of other fields is very low. Hence the younger generation is moving to other fields with only the elder craftsmen being left behind. The country needs younger generation of craftsmen to carry on the tradition of handicrafts and this is only possible by ensuring the assistance of craftsmen to improve their techniques availability of quality raw materials direct marketing channels credit and better wages and providing them with socio-economic benefits.

  Source: The statesman.com Nov. 1, 2018

  During British rule Indian handicrafts were discouraged by ......... on their exports.

  A)
  Removal of Rajas done clear
  B)
  Nawabs done clear
  C)
  Giving subsidies done clear
  D)
  None of these done clear
  View Solution play_arrow

• question_answer4)

  India has seen a long and rich history of handicrafts. Years and years of evolution and refinement have made it possible for India to retain a coveted spot in the handicrafts landscape of the world. Where the ancients were exemplary in their craft, the contemporary craftsmen are adept in using the knowledge of the ancients by adding modem craft techniques to them. They have carefully preserved this age - old art that represents dignity, style and beauty of the Indian culture.

  Voyaging through the lanes of Indian handicrafts is a tempestuous affair. There are seen striking ups and downs throughout the late 2000s, had a grave impact on handicrafts industry.

  Despite the growth of handicraft industry in India and the measures taken by the government to promote handicrafts, the average earning of a craftsman when compared to that of other fields is very low. Hence, the younger generation is moving to other fields with only the elder craftsmen being left behind. The country needs younger generation of craftsmen to carry on the tradition of handicrafts, and this is only possible by ensuring the assistance of craftsmen to improve their techniques, availability of quality raw materials, direct marketing channels, credit and better wages and providing them with socio-economic benefits.

  Source: The statesman.com Nov. 1, 2018

  Decay of indigenous handicrafts during British rule was due to:

  A)
  introduction of discriminatory tariff policy done clear
  B)
  Industrial Revolution in Britain done clear
  C)
  commercialisation of agriculture done clear
  D)
  Both [a] and [b] done clear
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• question_answer5)

  Foreign Portfolio Investors (FPIs) have stepped up purchases of Indian stocks in the past six trading sessions following a meeting between Prime Minister Narendra Modi and top overseas funds on November 5. These investors have pumped in close to Rs. 30,200 crore since the meeting—where the government showcased recent reforms—as against Rs. 21,826 crore in the whole of October.

  In November so far, FPIs have invested Rs. 32,777 crore in domestic stocks, driving the Sensex and Nifty to record highs recently.

  "Lot of investors appreciated the reforms undertaken in agriculture and labour markets and appreciated the opportunities India offered" said a government official.

  Modi told the fund managers in the interaction that he is open to any feedback the investors may have according to the official.

  Modi's pitch to global investors comes amidst loose monetary policy followed by global Central Banks that has led to a chunk of that liquidity entering emerging market.

  Source: Economic Times, Nov. 17, 2020

  Reforms undertaken in agriculture and ......... markets have promoted foreign investments.

   
  A)
  labour done clear
  B)
  industry done clear
  C)
  manager done clear
  D)
  None of these done clear
  View Solution play_arrow

• question_answer6)

  Foreign Portfolio Investors (FPIs) have stepped up purchases of Indian stocks in the past six trading sessions following a meeting between Prime Minister Narendra Modi and top overseas funds on November 5. These investors have pumped in close to Rs. 30,200 crore since the meeting—where the government showcased recent reforms—as against Rs. 21,826 crore in the whole of October.

  In November so far, FPIs have invested Rs. 32,777 crore in domestic stocks, driving the Sensex and Nifty to record highs recently.

  "Lot of investors appreciated the reforms undertaken in agriculture and labour markets and appreciated the opportunities India offered" said a government official.

  Modi told the fund managers in the interaction that he is open to any feedback the investors may have according to the official.

  Modi's pitch to global investors comes amidst loose monetary policy followed by global Central Banks that has led to a chunk of that liquidity entering emerging market.

  Source: Economic Times, Nov. 17, 2020

  Inflow of liquidity in emerging market is due to monetary policy.

   
  A)
  strict done clear
  B)
  loose done clear
  C)
  simple done clear
  D)
  None of the above done clear
  View Solution play_arrow

• question_answer7)

  Foreign Portfolio Investors (FPIs) have stepped up purchases of Indian stocks in the past six trading sessions following a meeting between Prime Minister Narendra Modi and top overseas funds on November 5. These investors have pumped in close to Rs. 30,200 crore since the meeting—where the government showcased recent reforms—as against Rs. 21,826 crore in the whole of October.

  In November so far, FPIs have invested Rs. 32,777 crore in domestic stocks, driving the Sensex and Nifty to record highs recently.

  "Lot of investors appreciated the reforms undertaken in agriculture and labour markets and appreciated the opportunities India offered" said a government official.

  Modi told the fund managers in the interaction that he is open to any feedback the investors may have according to the official.

  Modi's pitch to global investors comes amidst loose monetary policy followed by global Central Banks that has led to a chunk of that liquidity entering emerging market.

  Source: Economic Times, Nov. 17, 2020

  Financial sector includes:

   
  A)
  investment banks done clear
  B)
  stock exchange operations done clear
  C)
  foreign exchange market done clear
  D)
  All of the above done clear
  View Solution play_arrow

• question_answer8)

  Foreign Portfolio Investors (FPIs) have stepped up purchases of Indian stocks in the past six trading sessions following a meeting between Prime Minister Narendra Modi and top overseas funds on November 5. These investors have pumped in close to Rs. 30,200 crore since the meeting—where the government showcased recent reforms—as against Rs. 21,826 crore in the whole of October.

  In November so far, FPIs have invested Rs. 32,777 crore in domestic stocks, driving the Sensex and Nifty to record highs recently.

  "Lot of investors appreciated the reforms undertaken in agriculture and labour markets and appreciated the opportunities India offered" said a government official.

  Modi told the fund managers in the interaction that he is open to any feedback the investors may have according to the official.

  Modi's pitch to global investors comes amidst loose monetary policy followed by global Central Banks that has led to a chunk of that liquidity entering emerging market.

  Source: Economic Times, Nov. 17, 2020

  Foreign institutional investors are..........

   
  A)
  merchant bankers done clear
  B)
  mutual funds done clear
  C)
  pension funds done clear
  D)
  All of the above done clear
  View Solution play_arrow