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Class 11 Commerce Economics — practice by topic

Browse 57 questions across 5 Economics topics. Choose what you want to revise, then open a question to check its answer and worked solution.

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Economics topics

Indian Economy 1950-1990 (13)Introduction to Statistics (13)Measures of Central Tendency (13)Index Numbers (12)Indian Economy (6)

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Under colonial rule, the British transformed India primarily into aRead the answer and worked solution →The 'drain of wealth' theory during colonial India is most associated withRead the answer and worked solution →The decline of India's handicraft industries under British rule led toRead the answer and worked solution →The opening of the Suez Canal (1869) affected India's economy byRead the answer and worked solution →

Worked practice questions

Under colonial rule, the British transformed India primarily into a

  1. self-sufficient manufacturing economy
  2. supplier of raw materials and importer of finished goods
  3. major industrial exporter
  4. leading capital-goods producer
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Correct answer: B. supplier of raw materials and importer of finished goods

Colonial policy made India export raw materials (cotton, jute, indigo) and import British finished goods, serving Britain's interests.

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The 'drain of wealth' theory during colonial India is most associated with

  1. B.R. Ambedkar
  2. Dadabhai Naoroji
  3. Mahatma Gandhi
  4. Jawaharlal Nehru
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Correct answer: B. Dadabhai Naoroji

Dadabhai Naoroji expounded the 'drain of wealth' theory, arguing that India's resources were systematically transferred to Britain without adequate return.

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The decline of India's handicraft industries under British rule led to

  1. de-industrialisation and mass unemployment
  2. a manufacturing boom
  3. rapid industrial growth
  4. increased handicraft exports
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Correct answer: A. de-industrialisation and mass unemployment

Cheap British machine-made imports destroyed indigenous handicrafts, causing de-industrialisation and large-scale artisan unemployment.

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