12th Class Economics Foreign Trade Question Bank

done Assertion - Reason - India's Foreign Trade (1947-1990) Total Questions - 23

• question_answer1)

  Directions : Read the following statements: Assertion [A] and Reason [R]. Choose one of the correct alternative.

  Assertion (A): On the eve of independence Indian economy was Stagnant economy.

  Reason (R): Between 1860 – 1925 it was as low as 0.5% per annum and between 1925-1950 it was 0.1% per annum.

  A)
  Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A]. done clear
  B)
  Both Assertion [A] and Reason [R] are true but Reason [R] is not the correct explanation of Assertion [A]. done clear
  C)
  Assertion [A] is true but Reason [R] is false. done clear
  D)
  Assertion [A] is false but Reason [R] is true. done clear
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• question_answer2)

  Directions : Read the following statements: Assertion [A] and Reason [R].Choose one of the correct alternative.

  Assertion (A): On the eve of independence Indian agriculture was backward.

  Reason (R): Indian agriculture was backward because neither the Britishers nor the Zamindars invested any money for the development of agriculture.

  A)
  Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A]. done clear
  B)
  Both Assertion [A] and Reason [R] are true but Reason [R] is not the correct explanation of Assertion [A]. done clear
  C)
  Assertion [A] is true but Reason [R] is false. done clear
  D)
  Assertion [A] is false but Reason [R] is true. done clear
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• question_answer3)

  Directions : Read the following statements: Assertion [A] and Reason [R].Choose one of the correct alternative.

  Assertion (A): Commercialisation of agriculture means production of crops for sale rather than for family consumption.

  Reason (R): Cash crops are food crops like wheat, rice, etc.

  A)
  Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A]. done clear
  B)
  Both Assertion [A] and Reason [R] are true but Reason [R] is not the correct explanation of Assertion [A]. done clear
  C)
  Assertion [A] is true but Reason [R] is false. done clear
  D)
  Assertion [A] is false but Reason [R] is true. done clear
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• question_answer4)

  Directions : Read the following statements: Assertion [A] and Reason [R].Choose one of the correct alternative.

  Assertion (A): Handicraft industries lost both domestic market as well as international markets.

  Reason (R): Britishers followed discriminatory foreign trade policy which means heavy duty on Indian export and no tariffs on Indian imports. There was elimination of Nawabs and Rajas who were the major buyers of handicraft goods.

  A)
  Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A]. done clear
  B)
  Both Assertion [A] and Reason [R] are true but Reason [R] is not the correct explanation of Assertion [A]. done clear
  C)
  Assertion [A] is true but Reason [R] is false. done clear
  D)
  Assertion [A] is false but Reason [R] is true. done clear
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• question_answer5)

  Directions : Read the following statements: Assertion [A] and Reason [R].Choose one of the correct alternative.

  Assertion (A): 1921 is regarded as the year of Great divide.

  Reason (R): The size of population kept on fluctuating, increasing in one census and decreasing in the other. After 1921, the size of total population of India never dedined and it showed a consistent rise.

  A)
  Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A]. done clear
  B)
  Both Assertion [A] and Reason [R] are true but Reason [R] is not the correct explanation of Assertion [A]. done clear
  C)
  Assertion [A] is true but Reason [R] is false. done clear
  D)
  Assertion [A] is false but Reason [R] is true. done clear
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• question_answer6)

  Directions : Read the following statements: Assertion [A] and Reason [R].Choose one of the correct alternative.

  Assertion (A): India became an exporter of primary products and an importer of finished consumer and capital goods produced in Britain.

  Reason (R): Restrictive policies of commodity production, trade and tariff pursued by the colonial government adversely affected the structure, composition and volume of India's Foreign Trade.

  A)
  Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A]. done clear
  B)
  Both Assertion [A] and Reason [R] are true but Reason [R] is not the correct explanation of Assertion [A]. done clear
  C)
  Assertion [A] is true but Reason [R] is false. done clear
  D)
  Assertion [A] is false but Reason [R] is true. done clear
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• question_answer7)

  Directions : Read the following statements: Assertion [A] and Reason [R].Choose one of the correct alternative.

  Assertion (A): During the British rule, production of cash crops improved the economic condition of farmers.

  Reason (R): Farmers were given higher price to produce cash crops.

  A)
  Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A]. done clear
  B)
  Both Assertion [A] and Reason [R] are true but Reason [R] is not the correct explanation of Assertion [A]. done clear
  C)
  Assertion [A] is true but Reason [R] is false. done clear
  D)
  Assertion [A] is false but Reason [R] is true. done clear
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• question_answer8)

  Directions : Read the following statements: Assertion [A] and Reason [R].Choose one of the correct alternative.

  Assertion (A): Decline of Handicraft Industry Led to increase in import of manufactured goods from Britain.

  Reason (R): The Indian made goods could not withstand the foreign competition of machine made cheap goods.

  A)
  Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A]. done clear
  B)
  Both Assertion [A] and Reason [R] are true but Reason [R] is not the correct explanation of Assertion [A]. done clear
  C)
  Assertion [A] is true but Reason [R] is false. done clear
  D)
  Assertion [A] is false but Reason [R] is true. done clear
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• question_answer9)

  Directions : Read the following statements: Assertion [A] and Reason [R].Choose one of the correct alternative.

  Assertion (A): The agricultural sector accounted for the largest share of workforce with approximately 75%.

  Reason (R): All the states witnessed an increase in dependence of workforce on the agricultural sector.

  A)
  Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A]. done clear
  B)
  Both Assertion [A] and Reason [R] are true but Reason [R] is not the correct explanation of Assertion [A]. done clear
  C)
  Assertion [A] is true but Reason [R] is false. done clear
  D)
  Assertion [A] is false but Reason [R] is true. done clear
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• question_answer10)

  Directions : Read the following statements: Assertion [A] and Reason [R].Choose one of the correct alternative.

  Assertion (A): The opening of Suez Canal in 1869 reduced the cost of transportation.

  Reason (R): Suez Canal provided a direct trade route for ships operating between Britain and India.

  A)
  Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A]. done clear
  B)
  Both Assertion [A] and Reason [R] are true but Reason [R] is not the correct explanation of Assertion [A]. done clear
  C)
  Assertion [A] is true but Reason [R] is false. done clear
  D)
  Assertion [A] is false but Reason [R] is true. done clear
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• question_answer11)

  Directions : Read the following statements: Assertion [A] and Reason [R].Choose one of the correct alternative.

  Assertion (A): The infrastructure facilities during British rule were highly developed.

  Reason (R): The main aim motive behind infrastrurtural development was to serve various colonial interests.

  A)
  Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A]. done clear
  B)
  Both Assertion [A] and Reason [R] are true but Reason [R] is not the correct explanation of Assertion [A]. done clear
  C)
  Assertion [A] is true but Reason [R] is false. done clear
  D)
  Assertion [A] is false but Reason [R] is true. done clear
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• question_answer12)

  Directions : Read the following statements: Assertion [A] and Reason [R].Choose one of the correct alternative.

  Assertion (A): Under the British rule, there was huge export surplus due to excess exports.

  Reason (R): India became an exporter of primary products and an importer of finished goods.

  A)
  Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A]. done clear
  B)
  Both Assertion [A] and Reason [R] are true but Reason [R] is not the correct explanation of Assertion [A]. done clear
  C)
  Assertion [A] is true but Reason [R] is false. done clear
  D)
  Assertion [A] is false but Reason [R] is true. done clear
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• question_answer13)

  Directions : Read the following statements: Assertion [A] and Reason [R].Choose one of the correct alternative.

  Assertion (A): Farmers were forced to produce cash crops like cotton or jute instead of conventional crops like rice and wheat during the British rule.

  Reason (R): Agriculture was exploited through Zamindari System under the Colonial rule.

  A)
  Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A]. done clear
  B)
  Both Assertion [A] and Reason [R] are true but Reason [R] is not the correct explanation of Assertion [A]. done clear
  C)
  Assertion [A] is true but Reason [R] is false. done clear
  D)
  Assertion [A] is false but Reason [R] is true. done clear
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• question_answer14)

  Directions : Read the following statements: Assertion [A] and Reason [R].Choose one of the correct alternative.

  Assertion (A): During the Colonial rule, India's exports exceeded imports, which resulted in surplus of balance of trade.

  Reason (R): Trade surplus was used for the development of Indian Economy.

  A)
  Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A]. done clear
  B)
  Both Assertion [A] and Reason [R] are true but Reason [R] is not the correct explanation of Assertion [A]. done clear
  C)
  Assertion [A] is true but Reason [R] is false. done clear
  D)
  Assertion [A] is false but Reason [R] is true. done clear
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• question_answer15)

  Directions : Read the following statements: Assertion [A] and Reason [R].Choose one of the correct alternative.

  Assertion (A): India's renowned handicraft industry was systematically destroyed due to discriminatory tariff policies of the British Government.

  Reason (R): Colonial Government imposed heavy duty on import of finished goods from Britain.

  A)
  Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A]. done clear
  B)
  Both Assertion [A] and Reason [R] are true but Reason [R] is not the correct explanation of Assertion [A]. done clear
  C)
  Assertion [A] is true but Reason [R] is false. done clear
  D)
  Assertion [A] is false but Reason [R] is true. done clear
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• question_answer16)

  Directions : Read the following statements: Assertion [A] and Reason [R].Choose one of the correct alternative.

  Assertion (A): 1921 is regarded as the 'Year of the Great Divide'.

  Reason (R): After 1921, the total population in India never declined.

  A)
  Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A]. done clear
  B)
  Both Assertion [A] and Reason [R] are true but Reason [R] is not the correct explanation of Assertion [A]. done clear
  C)
  Assertion [A] is true but Reason [R] is false. done clear
  D)
  Assertion [A] is false but Reason [R] is true. done clear
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• question_answer17)

  Directions : Read the following statements: Assertion [A] and Reason [R].Choose one of the correct alternative.

  Assertion (A): India could not develop a sound industrial base under British Rule.

  Reason (R): The colonial government reduced India to the status of a mere exporter of raw materials to be used by upcoming modern industries in Britain.

  A)
  Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A]. done clear
  B)
  Both Assertion [A] and Reason [R] are true but Reason [R] is not the correct explanation of Assertion [A]. done clear
  C)
  Assertion [A] is true but Reason [R] is false. done clear
  D)
  Assertion [A] is false but Reason [R] is true. done clear
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• question_answer18)

  Directions : Read the following statements: Assertion [A] and Reason [R].Choose one of the correct alternative.

  Assertion (A): India's economy under the British colonial rule remained fundamentally agrarian. However, despite being the occupation of about 85% of the country's population, the agricultural sector continued to experience stagnation and deterioration.

  Reason (R): Lack of govt. initiative to develop means of irrigation, production of cash crops, exploitation of tillers of the soil by extraction of high land revenue by Zamindars, adverse impact of partition at the time of independence affected Indian agriculture on the eve of independence.

  A)
  Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A]. done clear
  B)
  Both Assertion [A] and Reason [R] are true but Reason [R] is not the correct explanation of Assertion [A]. done clear
  C)
  Assertion [A] is true but Reason [R] is false. done clear
  D)
  Assertion [A] is false but Reason [R] is true. done clear
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• question_answer19)

  Directions : Read the following statements: Assertion [A] and Reason [R].Choose one of the correct alternative.

  Assertion (A): Roads constructed in India during the British rule were built primarily for the purpose of mobilising the army within India and drawing out raw materials from the countryside to the nearest railway station or the port of send these to England or other lucrative foreign destinations.

  Reason (R): There was always an acute shortage of all weather roads to reach out of rural areas during the rainy season, due to which people living in these areas suffered badly during natural calamities and famines.

  A)
  Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A]. done clear
  B)
  Both Assertion [A] and Reason [R] are true but Reason [R] is not the correct explanation of Assertion [A]. done clear
  C)
  Assertion [A] is true but Reason [R] is false. done clear
  D)
  Assertion [A] is false but Reason [R] is true. done clear
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• question_answer20)

  Assertion (A): The Green Revolution resulted in multiple rise in food production. It helped in recovering the country from regular food shortages in the pre-revolution period. Green Revolution resulted in Marketable or Marketed surplus.

  Reason (R): The use of High Yielding Variety (HYV) seeds, fertiliser and pesticide in the correct quantities as well as regular supply of water caused large increase in production and productivity of food grains in India.

  A)
  Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). done clear
  B)
  Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A). done clear
  C)
  Assertion (A) is true but Reason (R) is false. done clear
  D)
  Assertion (A) is false but Reason (R) is true. done clear
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• question_answer21)

  Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternative.

  Assertion (A): Domestic industries were protected from foreign competition through heavy duty on imports to make these costlier in order to discourage imports and fixation of import quotas to specify the quantity of goods which can be imported.

  Reason (R): Industries in India were not able to world competition and if these industries were given protection they would be able to face world competition and foreign exchange could also be saved.

  A)
  Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). done clear
  B)
  Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A). done clear
  C)
  Assertion (A) is true but Reason (R) is false. done clear
  D)
  Assertion (A) is false but Reason (R) is true. done clear
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• question_answer22)

  Directions : Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternative.

  Assertion (A): To overcome economic crisis and accelerate the growth rate of Indian Economy, New Economic Policy was adopted by the government in July 1991 with elements of Liberalisation, Privatisation and Globalisation.

  Reason (R): In 1991, India met with an economic crisis relating to its external debt. The government was not able to make repayments on its borrowings from abroad. Foreign exchange reserves dropped to levels that were not sufficient for even a fortnight.

  A)
  Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). done clear
  B)
  Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A). done clear
  C)
  Assertion (A) is true but Reason (R) is false. done clear
  D)
  Assertion (A) is false but Reason (R) is true. done clear
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• question_answer23)

  Directions : Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternative.

  Assertion (A): Globalisation is an outcome of the set of various policies that are aimed at transforming the world towards greater interdependence and integration. It involves creation of networks and activities transcending economic, social and geographical boundaries.

  Reason (R): Globalisation is a strategy of the developed countries to expand and their markets in other countries.

  A)
  Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). done clear
  B)
  Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A). done clear
  C)
  Assertion (A) is true but Reason (R) is false. done clear
  D)
  Assertion (A) is false but Reason (R) is true. done clear
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