One of the following statements about Indian economy is not true. Identify the false statement.

1. Indian agriculture was flourishing before the advent of the British.
2. India's foreign trade throughout the colonial period was marked by a large export surplus.
3. India had a sound industrial base under the British
4. British developed the Railway System in India for their own benefit.

The introduction of expensive mode of communication, i.e. telegraph serve the purpose of:

1. Maintaining law and order.
2. Maintaining trade.
3. Collect taxes.
4. All of the above.

What was literacy rate for women of India at the time of independence?

1. 12 percent.
2. 7 percent.
3. 40 percent.
4. 16 percent.

An economy which is made to serve the interest of its rulers is called:

1. Colonial economy.
2. Agricultural economy.
3. Industrial economy.
4. All of the above.

The Tata Iron and Steel Company (TISCO) was incorporated in:

1. 1807
2. 1870
3. 1907
4. 1970

In the history of demographic transition, which year is regarded as the year of great divide?

1. 1901
2. 1902
3. 1921
4. 1923

What percentage of India lived in villages at the time of independence?

1. 80 percent.
2. 70 percent.
3. 85 percent.
4. 75 percent.

Name the economist whose estimates on GDP and per capita income during British rule are considered to be most significant.

1. Willian Digby.
2. V.K.R.V. Rao.
3. Dadabhai Naroji.
4. R.C. Desai.

When did modern postal system start in India?

1. 1937
2. 1881
3. 1853
4. 1941

Which of the following is not a true statement?

1. On the eve of Independence, agriculture was the principal occupation of the people in India.
2. Mining is the main secondary occupation.
3. Indian manufactured products enjoyed a worldwide market before the British established themselves in India.
4. The role of the public sector under the British rule was confined only to a few industries.