1. Lord Dufferin was called by INC as ___
Microscopic minority
2. Santhal and Munda uprising in 1899 occurred during which viceroy?
Lord Elgin II
3. Indian Universities act (1904) passed under which viceroy?
Lord Curzon
4. Partition of Bengal (16th October, 1905) occurred under which viceroy?
Lord Curzon
5. Who passed the ancient monuments protection act 1904 to protect India’s cultural heritage?
Lord Curzon
6. Who founded the archaeological survey of India?
Lord Curzon
7. Who passed the Indian coinage and paper currency act 1899 and put India on a gold standard?
Lord Curzon
8. During which viceroy swadeshi movement occurred?
Lord Minto II
9. During which viceroy Surat split of INC (split of congress between moderates and extremists, 1907) occurred?
Lord Minto II. The extremists were led by Lal, Bal and Pal and moderates by GK Gokhale.
10. Who passed Indian councils act 1909 and Minto – Morley reforms?
Lord Minto II
11. Foundation of Muslim League occurred in ___ under viceroy ___
1906, Lord Minto II
12. Newspaper act 1908 passed under which viceroy?
Lord Minto II
13. Transfer of capital from Calcutta to Delhi in 1911 under which viceroy?
Lord Handinge II
14. Who established Hindu Mahasabha in 1915?
Madan Mohan Malviya under the reign of Lord Handinge II
15. When did Gandhi came back to India?
1915
16. Who passed the Government of India act 1919 which is also known as Montague – Chelmsford reforms?
Lord Chelmsford
17. Who passed Rowlatt act 1919?
Lord Chelmsford
18. Jalianwala bagh massacre took place in ___ under the rule of ___. Fire opened by ___. ___ returned knighthood in protest. ___ was appointed to inquire into it.
13th April 1919 at Amritsar (Punjab); Lord Chelmsford; General Dyer; Rabindranath Tagore; Hunter commission
19. The home rule movement founded by ___ under the rule of ___
Bal Gangadhar Tilak and Annie Besant; Lord Chelmsford
20. Who appointed Saddler commission on education in 1917?
Lord Chelmsford
21. Who appointed Hunter commission to look into Jalianwala bagh tragedy?
Lord Chelmsford
22. What is national income?
The total net value of all goods and services produced within a nation over a specified period of time (usually measured over a period of one year),from the production of goods and services, representing the sum of wages, profits, rents, interest, and pension payments to residents of the nation.
23. What are final goods?
Final goods or Consumer goods are goods that are ultimately consumed rather than used in the production of another good. For example, a microwave oven or a bicycle which is sold to a consumer is a final good or consumer good, whereas the components which are sold to be used in those goods are called intermediate goods.
24. What are intermediate goods?
Material or item that is a final-product of a process, but is also used as an input in the production process of some other good. For example, sugar is consumed directly as well as in the manufacture of food products.
25. What are capital goods?
Capital goods are tangible assets that a business uses to produce goods or services that are used as inputs for other businesses to produce consumer goods. Said another way, capital goods are tangible assets, such as buildings, machinery, equipment, vehicles and tools that one organization uses to produce goods or services as an input to produce consumer goods and goods for other businesses. Manufacturers of automobiles, aircraft, and machinery fall within the capital goods sector because their products are used by companies involved in manufacturing, shipping and providing other services.
26. What is investment?
In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or will later be sold at a higher price for a profit.
27. What is depreciation?
In economics, depreciation is the gradual decrease in the economic value of the capital stock of a firm, nation or other entity, either through physical depreciation, obsolescence or changes in the demand for the services of the capital in question.
28. What is per capita income?
Per capita income (PCI) or average income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's total income by its total population.
29. What is capital gain?
A capital gain refers to profit that results from a sale of a capital asset, such as stock, bond or real estate, where the sale price exceeds the purchase price. The gain is the difference between a higher selling price and a lower purchase price.
30. Who were the members of the Hunter commission?
- Chairman Lord William Hunter, ex- Solicitor
- General W.F. Rice, Additional Secretary to the Government of India (Home Department)
- Justice G.C. Rankin, Judge of the High Court, Calcutta
- Major General Sir George Barrow, Commandant of the Peshawar Division
- Sir Chimanlal Setalvad
- Pandit Jagat Narayan
- Sardar Sultan Ahmed Khan