Indian Economic Development

1. A person who starts a business to produce a new product in the marketplace is known as:

• A manager.

• A bureaucrat.

• An entrepreneur.

• Consumer

The colonial government never made any sincere attempt to estimate India’s national and per capita income. Who among the following were the Indian estimators who attempted to measure such incomes?

i) Dadabhai Naoroji

ii) William Digby

iii) V.K.R.V. Rao

iv) Motilal Nehru

• I and ii

• i and iii

• i, iii and iv

India on the eve of independence was

• Vibrant economy

• Stagnant economy

When was the first census data collected during British rule?

• 1880

• 1881

• 1882

• 1981

____________ was the rate of growth of per capita output per year during the first half of the 20th century

• 0.5 %

• 1 %

• 1.5%

• 2%

______________ traditional industries was India particularly well known for before the advent of the british rule.

• chemical industry

• handicraft industry

• jute industry

• steel industry