MULTIPLE CHOICE QUESTIONS
Q.1. ‘Globalisation’ today mainly refers to :
(a) Trade, migration of people
in search of work
(b) Movement of capital
(c) An economic system that
has emerged in the last 50 years
(d) Cultural links among world
societies
Ans.
(c)
Q.2. Who were the first people to link the world in ancient times and why?
(a) Priests and pilgrims
travelled vast distances for knowledge and spiritual fulfilment
(b) Travellers, traders,
priests and pilgrims travelled vast distances for knowledge, opportunity,
spiritual fulfilment or to escape persecution
(c) Traders
(d) All the above
Ans.
(b)
Q.3. The main reason why the world “shrank” in the 1500s is :
(a) Emergence of Europe as the
centre of world trade
(b) China’s retreat into
isolation and its reduced role in politics
(c) Slaves working in
plantations, growing sugar and cotton for European markets
(d) European sailors found a
sea route to Asia, and also crossed the Atlantic and discovered America.
Ans.
(d)
Q.4. Which of the following statements is a true definition of what the
economists identify as “flows”?
(a) Trade in goods (cloth or
wheat), migration of people in search of employment and movement of capital for
short-term or long-term investments over long distances
(b) Economic, social, cultural
and technological exchanges
(c) Self-sufficiency in food
and no imports of food
(d) All the above
Ans.
(a)
Q.5. The two evidences we have of India carrying on an active coastal trade in
ancient times are :
(a) Indians carried goods,
money, skills and ideas abroad
(b) An active coastal trade,
as early as 3000 BC, linked Indus Valley Civilisation with presentday West Asia
(c) Both (a) and (b)
(d) For more than a
millennium, cowries (a form of Indian currency) found its way from Maldives, to
China and East Africa.
Ans.
(c)
Q.6. The most powerful weapon, which the Spanish conquerors of America had, was
:
(a) superiority in
conventional weapons
(b) germs, such as those of
small pox, proved a deadly killer and paved the way for conquest
(c) America’s original
inhabitants had no immunity against diseases that came from Europe
(d) both (b) and (c)
Ans.
(d)
Q.7. Beside clearing land, what else was needed to increase food production in
the world in the 19th century?
(a) Railways to link
agricultural regions, harbours to be expanded or built for new cargoes
(b) Building homes and
settlements for those working on land
(c) Capital and labour
(d) All the above
Ans.
(d)
Q.8. The number of people who migrated from Europe to America and Australia and
other parts of the world in the 19th century was nearly
(a) 10 million from Europe and
100 million from all over the world.
(b) 20 million from Europe and
about 150 million from all over the world
(c) 50 million people from
Europe to America and Australia and 150 million from all over the world migrate
(d) The number is not certain,
not enough proof
Ans.
(c)
Q.9. The dramatic changes in global agricultural economy by 1890, were :
(a) Food no longer came from a
nearby village but from thousands of miles away, grown by a migrant recently
arrived
(b) Food was transported by
railways recently built and ships manned by low-paid workers from southern
Europe, Asia, Africa
(c) Forests were converted
into large farms, leading to ecological changes
(d) All the above
Ans.
(d)
Q.10. Indentured labour means :
(a) Labour, which is marked by
identification marks on their bodies
(b) A bonded labourer, under
contract to work for a specific time for his employer, to pay off his passage to
a new country or home
(c) A slave brought in a share
market
(d) All the above
Ans.
(b)
Q.11. The example of indentured labour’s migration from India illustrates :
(a) The two-sided nature of
the 19th century world
(b) A world of faster economic
growth as well as great misery, higher income for some and poverty for others
(c) Technological advances in
some areas, new forms of coercion in others
(d) All the above
Ans.
(d)
Q.12. In the 19th century hundreds of thousands of Indian and Chinese labourers
went to work on :
(a) Farms all around the world
(b) In factories, in Africa
(c) In mines, plantations,
road and railway construction projects around the world
(d) In the diamond and gold
mines of South America
Ans.
(c)
Q.13. Indian nationalist leaders began opposing the system of indentured labour
migration from the 1900s because :
(a) They considered it
abusive, cruel and a new form of slavery
(b) Indian indentured workers
were considered “coolies” in the Caribbean
(c) The minority migrants were
given few legal rights, and their living and working conditions
were harsh
(d) All the above.
Ans.
(a)
Q.14. Name one Nobel Prize winning writer who was a descendant of indentured
labour migrants :
(a) Shivnaraine Chander Paul
(b) Ramnaresh Sarwan
(c) V.S. Naipaul (d) Ram
Narain Tewary
Ans.
(c)
Q.15. Indentured labour system was abolished in India in :
(a) 1900 (b) 1920 (c) 1921 (d)
1922
Ans.
(c)
Q.16. The reasons why the inflow of fine Indian cotton into Britain and other
countries declined in the 19th century were :
(a) Industrialisation and
expansion of cotton manufacture in Britain
(b) Imposition of tariff on
cloth imported into Britain to protect local industries
(c) British manufacturers
began to seek overseas markets for their cloth, Indians faced stiff competition
in international markets
(d) All the above
Ans.
(d)
Q.17. Which Indian town is shown in the picture and why ?
(a) Mumbai, it was a big
industrial city in India
(b) Kolkata, a distant view
with the river in background
(c) A distant view of Surat
and its river— in the
17th and early 18th centuries,
it was the centre of overseas trade in western Indian ocean.
(d) Goa, a seaport, which
traded with other countries
Ans.
(c)
Q.18. The British ‘trade surplus’ with India in the 19th century helped Britain
:
(a) To balance its trade
deficits with other countries
(b) It helped to pay home
charges that included private remittances by British officials and traders
(c) Britain could pay interest
payments on India’s external debts and pensions of British officials in India
(d) All the above
Ans.
(d)
Q.19. The foods introduced in Europe after Christopher Columbus accidentally
discovered the vast continent, later known as America, were :
(a) Spaghetti and noodles
(b) Potatoes, soya,
groundnuts, maize, tomatoes, chillies and sweet potatoes
(c) Pasta and potatoes
(d) All the above
Ans.
(b)
Q.20. The Europeans brought to Africa a devastating disease which destroyed :
(a) Rinderpest, a disease
carried by infected cattle, imported from British Asia to feed Italian soldiers
(b) 90 percent of cattle in
Africa by 1897
(c) Both (a) and (b)
(d) None of the above
Ans.
(c)
Q.21. The Second World War was fought between :
(a) America and Europe
(b) USA & England and Germany
& Japan
(c) The Allies (Britain,
France, Soviet Union and the US) and the Axis powers (Nazi Germany, Japan and
Italy)
(d) The USA, England and
France and Germany and Italy
Ans.
(c)
Q.22. From whom could a humble Indian peasant borrow capital for growing food
and other crops for the world market?
(a) From Indian bankers like
Shikaripuri Shroffs and Nattu Kotai
(b) From traders and
moneylenders like Hyderabadi Sindhis, who followed European colonisers into
Africa
(c) Both (a) and (b)
(d) All the above
Ans.
(c)
Q.23. Which of the following statements support the view that the Second World
War was unlike other wars?
(a) More civilians than
soldiers died from war-related causes
(b) Vast parts of Europe and
Asia were devastated, several cities were destroyed by aerial bombardments and
artillery attacks
(c) Most of the deaths took
place outside the battlefields
(d) All the above
Ans.
(d)
Q.24. Post-war reconstruction was shaped by two crucial influences. They were :
(a) The US emerged as the
dominant economic, political and military power in the western world
(b) The capitalist world
collapsed
(c) The Soviet Union emerged
as a world power
(d) Both (a) and (c)
Ans.
(d)
Q.25. The dramatic change in global agricultural economy occurred in West
Punjab, India. The similarity was :
(a) Building of irrigation
canals to transform semi-deserts into fertile agricultural lands for
growing wheat and cotton for
export
(b) Peasants from other parts
of Punjab were settled in these canal colonies
(c) Both (a) and (b)
(d) Importing labour from
southern India
Ans.
(c)
Q.26. Trade in meat is chosen as an example of the role of technology in global
agricultural economy because :
(a) technology promoted better
living conditions at home and support for imperialism abroad
(b) frozen meat transported to
Europe reduced the cost of shipping meat and made it affordable for the poor
(c) Both (a) and (b)
(d) Live animals were shipped
from America to Europe, then slaughtered on arrival, this led to meat being
unfit to be eaten.
Ans.
(c)
Q.27. The decision-making in the IMF and the World Bank is controlled by :
(a) All the member-nations of
these two banks
(b) Western industrial powers
and the US’s right to veto over key IMF and World Bank decisions
(c) The Asian-African bloc
(d) A majority vote by all the
nations
Ans.
(b)
Q.28. Which of the following statements is true about the international monetary
system?
(a) A system which links
national currencies and monetary system
(b) A system based on fixed
exchange rates, for example, Indian rupee was pegged to the dollar at a fixed
rate
(c) The dollar was anchored to
gold at a fixed price of $ 35 per ounce of gold
(d) All the above
Ans.
(d)
Q.29. The European colonies in Asia and Africa after Independence faced the
problems of :
(a) Overpopulation and
illiteracy
(b) Burden of overwhelming
poverty and a lack of resources
(c) The economic and social
handicaps of long periods of colonial rule
(d) Dependence on the colonial
powers for economic growth
Ans.
(b)
Q.30. The IMF and the World Bank shifted their attention in the late 1950s
towards the developing countries, because
(a) They wanted to dominate
the economy of the developing nations.
(b) Europe and Japan had
rapidly rebuilt their economies and did not need the help of IMF and World Bank
(c) The developing countries
needed their help to fight (poverty and lack of resources)
(d) Both (b) and (c)
Ans.
(d)
Q.31. The Group of 77 or G - 77 was :
(a) A group formed by western
nations to exploit the developing nations
(b) A group formed by the
developing countries to demand a new international economic order
(c) A protest against the
western economic policies
(d) All the above
Ans.
(b)
Q.32. Through the NIEO, the developing countries demanded :
(a) A system that would give
them real control over their natural resources
(b) More development
assistance and fairer prices for raw materials
(c) Better access for their
manufactured goods in developed countries’ markets
(d) All the above
Ans.
(d)
Q.33. MNCs are :
(a) Foreign companies that
flourish in the developing countries
(b) Multinational corporations
(or large companies) that operate in several countries at the same time
(c) Large companies that try
to exploit small companies
(d) West European and Japanese
companies which exploit the developing countries
Ans.
(b)
Q.34. The worldwide spread of the MNCs in the 1950s and 1960s was partly due to
:
(a) US businesses expanded in
these years
(b) Western Europe and Japan
became powerful industrial economies
(c) High import tariffs
imposed by different governments forced the MNCs to locate their manufacturing
operations and become domestic operators in many countries
(d) All the above
Ans.
(c)
Q.35. Which of the following statements are reasons for the collapse of the
system of fixed exchange rate in the 1960s?
(a) The rising costs of its
overseas involvements weakened the US finances and competitive
strength
(b) The US dollar no longer
commanded confidence as the world’s principal currency
(c) The US dollar could not
maintain its value in relation to gold
(d) All the above
Ans.
(d)
Q.36. Tariff means
(a) Any kind of tax on any
product
(b) Tax imposed on a country’s
imports levied at the point of entry, i.e., border or airport
(c) A tax imposed on income
(d) A tax imposed on exports
Ans.
(b)
Q.37. The Second World War was a war fought for ___________ .
(a) 8 years, from 1930–1938
(b) 6 years, from 1939–1945
(c) 5 years, from 1939–1944
(d) 10 years, from 1939–1949
Ans.
(b)
Q.38. Why did MNCs begin to shift production operations to low-wage Asian
countries in the late 1970s?
(a) The industrial world was
hit by unemployment from the mid-1970s to the early 1990s
(b) Low wages in countries
like China reduced the cost of investments and made it easy for the MNCs to
capture world markets
(c) Both (a) and (b)
(d) New economic policies in
China and collapse of the Soviet Union
Ans.
(c)
Q.39. “Bretton Woods” is associated with
(a) a post-war international
system to preserve economic stability
(b) A United Nations Monetary
and Financial Conference (held in July 1944, in Bretton Woods, New Hampshire)
(c) A peace settlement after
the Second World War
(d) Both (a) and (b)
Ans.
(d)
Q.40. The ‘Bretton Woods’ twins are :
(a) The USA and Soviet Russia
(b) The two international
banks — The IMF and the World Bank – set up to finance post-war reconstruction
(c) The framework agreed upon
by the United Nations Monetary and Financial Conference
(d) All the above
Ans.
(b)
Q.41. What is Rinderpest?
(a) a person (b) a disease (c)
a place (d) monument
Ans.
(b)
Q.42. Who made the best-cost cutting decision?
(a) Henry Ford (b) James Watt
(c) James Ford (d) None of these
Ans.
(a)
Q.43. Which among the following were considered as Allies Powers?
(a) Britain, France, Russia
(b) Germany, Austria - Hungary
and Ottomon Turk
(c) Japan, France and Germany
(d) Britain, Japan and Russia
Ans.
(a)
Q.44. Which one of the following institutions was established in the Bretton
Wood Conference?
(a) International Security Fund (b)
International Monetary Fund
(c) Indian Monetary Fund (d)
International Labour Organisation
Ans.
(b)
Q.45. Who adopted the concept of an assembly line to produce automobiles?
(a) T. Cuppola (b) V. S.
Naipaul (c) Henry Ford (d) Ramesh Sarwan
Ans.
(c)
Q.46. Which among the following countries were considered as Axis Powers during
Second World War?
(a) Nazi Germany, Japan, Italy
(b) Britain, Germany, Russia
(c) France, Germany, Italy (d)
Britain, France, Russia and the US
Ans.
(a)
Q.47. Which one of the following did not travel along the silk routes in the
pre-modern world?
(a) Christian missionaries (b) Traders
(c) Tourists (d) Muslim
preachers
Ans.
(c)
Q.48. Which one of the following is a Nobel Prize winning writer who is a
descendant of indentured labour from India?
(a) Salman Rushdie (b) V. S.
Naipaul (c) Arundhati Roy (d) Bob Marley
Ans.
(b)
Q.49. Which of the following West Indies cricketers trace their roots to
indentured labour migrants from India?
(a) Vivian Richards and Gary
Sobers
(b) Chris Gayle and Dwayne
Bravo
(c) Ramnaresh Sarwan and
Shivnaraine Chanderpaul
(d) Brian Lara and Courtney
Walsh
Ans.
(c)
Q.50. What is El Dorado in South America?
(a) It was the place where
Columbus landed (b) Where silver mines were located
(c) A fabled city of gold (d)
A famous slave market
Ans.
(c)
Q.51. Which of the following statements is not true of mass production?
(a) Lowered cost and prices of
goods (b) Stress-free working
(c) Increased output per
worker (d) Assembly line production
Ans.
(b)
Q.52. The introduction of which of the following crops led to European poor to
eat better and live longer?
(a) Potato (b) Spaghetti (c)
Tomatoes (d) Soya
Ans.
(a)
Q.53. Nineteenth century ‘indenture’ has often been described as
(a) forced conscription (b)
new system of slavery
(c) serfdom (d) None of these
Ans.
(b)
Q.54. In which one of the following cities did the European powers meet in 1885
to divide Africa between themselves?
(a) London (b) New York (c)
Berlin (d) Amsterdam
Ans.
(c)
Q.55. Which one of the following countries has an effective right of veto over
IMF and World Bank?
(a) India (b) the USA (c)
Srilanka (d) Japan
Ans.
(b)
Q.56. ‘Silk Route’ refers to
(a) Network of routes
connecting China and Rome
(b) Network of routes
connecting India and Rome
(c) Network of routes
connecting China and India
(d) Network of routes
connecting Asia with Europe and Northern Africa
Ans.
(d)
Q.57. Most Indian indentured workers came from present regions of
(a) Uttar Pradesh (b) Bihar
(c) Dry districts of Tamil
Nadu (d) All the above
Ans.
(d)
Q.58. Which of the following allowed the British Government to restrict the
import of corn?
(a) Food Act (b) Corn Act (c)
Corn Laws (d) Import Act
Ans.
(c)
Q.59. Which of the following was the most powerful weapon used by Spanish to
conquer America?
(a) Atom Bomb (b) Navy (c)
Germs (d) Poisonous gas
Ans.
(c)
Q.60. From which century China is said to have restricted overseas contacts and
retreated into isolation?
(a) 14th (b) 15th
(c) 16th
(d) 17th
Ans.
(b)
Q.61. From which one of the following countries did Britian borrow large sums of
money during first World War?
(a) United States of America
(b) Russia
(c) Japan (d) Germany
Ans.
(a)
Q.62. What is the name of the routes linking Asia with Europe and northern
Africa?
(a) Asian routes (b) Silk
routes (c) Trade routes (d) Africa routes
Ans.
(b)
Q.63. People’s livelihoods and local economy of which one of the following was
badly affected by the disease named Rinderpest?
(a) Asia (b) Europe (c) Africa
(d) South America
Ans.
(c)
Q.64. Who among the following discovered the continent of America?
(a) Vasco da Gama (b)
Ferdinand Magellan
(c) Christopher Columbus (d)
Copernicus
Ans.
(c)
Q.65. Which one of the following countries passed Corn Laws to restrict the
import of corn?
(a) India (b) France (c) China
(d) Britain
Ans.
(d)
Q.66. Which one of the following crops was not known to our ancestors until
about five centuries ago?
(a) Potato (b) Rice (c) Wheat
(d) Cotton
Ans.
(a)
Q.67. Why did the wheat price in India fall down by 50 per cent between 1928 and
1934?
(a) Due to less production (b)
Due to floods
(c) Due to Great Depression
(d) Due to droughts
Ans.
(c)
Q.68. Which was the main destination of Indian indentured migrants?
(a) Africa (b) Australia
(c) Trinidad and Guyana (d)
All the above places
Ans.
(c)
Q69. Which one of the following was the world’s first mass produced car?
(a) ‘T’ model car (b) Maruti
car (c) BMW car (d) None of the above
Ans.
(a)
Q.70. The United Nations Monetary and Financial Conference was held at Bretton
Woods in (USA) in the year
(a) 1942 (b) 1943 (c) 1944 (d)
1945
Ans.
(c)
Q.71. Who among the following was a well-known pioneer of mass production?
(a) Jamshedji Tata (b) G.D.
Birla
(c) Henry Ford (d) None of the
above
Ans.
(c)
Q.72. According to which famous economist, Indian gold exports promoted global
economic recovery?
(a) Paul Wood (b) John Maynard
Keynes
(c) Amartya Sen (d) David
Jones
Ans.
(b)
Q.73. Which among the following is referred to as the ‘Bretton Woods twins’?
(a) The IMF and the World Bank
(b) The IMF and the WTO
(c) The World Bank and the WTO
(d) None of the above
Ans.
(a)
Q.74. In which of the following years Rinderpest arrived in Africa?
(a) 1880 (b) 1882 (c) 1876 (d)
1885
Ans.
(a)
Q.75. Which is the third type of movement identified by the economists of 19th
century?
(a) Flow of trade (b) Flow of
capital (c) Flow of labour (d) Flow of goods
Ans.
(b)
Q.76. In which of the following years global agricultural economy had taken
shape?
(a) By 1870 (b) By 1888 (c) By
1892 (d) By 1890
Ans.
(d)
Q.77. Which one of the following was experienced during Great Depression of
1929?
(a) Increase in production and
income (b) Increase in employment and trade
(c) Decrease in production and
employment (d) All the above
Ans.
(c)
Q.78. What were the “Corn Laws”?
(a) Laws to restrict the
export of corn (b) Laws to restrict the import of corn
(c) Laws to restrict the
improt and export of corn (d) None of the above
Ans.
(b)
Q.79. Which of the following did not take part in the first World War?
(a) France (b) Germany (c)
Portugal (d) England
Ans.
(c)
Q.80. ‘Chutney’ music was popular in
(a) Trinidad (b) Canada (c)
England (d) Germany
Ans.
(a)
Q.81. When did the global agricultural economy start?
(a) 1894 (b) 1890 (c) 1892 (d)
1891
Ans.
(b)
Q.82. Which of the following diseases proved a deadly killer for the people of
America?
[2011 (T-1)]
(a) Cholera (b) Small pox (c)
Plague (d) None of the above
Ans.
(b)
Q.83. Which of the following powerful weapons was used by the Spanish conquerors
to colonise Americas during the mid-seventeenth cuntry?
(a) Conventional military
weapons (b) Modern military weapons
(c) Biological weapons (germs
of smallpox) (d) Nuclear weapons
Ans.
(c)
Q.84. In which year did the Great Depression start?
(a) 1928 (b) 1929 (c) 1930 (d)
1936
Ans.
(b)
Q.85. Which of the following is the first European country that conquered
America?
(a) The French (b) The English
(c) The Spanish (d) The Germans
Ans.
(c)
Q.86. Most Indian indentured workers came from
(a) Eastern U.P. (b)
North-eastern states
(c) Jammu and Kashmir (d) None
of the above
Ans.
(a)