EWT | Academic Question

Questions
Question (31)
QN0037301
What happened to India's share in the export of cotton textiles during the nineteenth century?
  • (A) It increased continuously
  • (B) It declined significantly
  • (C) It remained exactly the same
  • (D) It became 100%

Correct Answer: B
Explanation:

India's share in cotton textile exports declined as British manufactured textiles increasingly dominated markets.

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Question (32)
QN0037302
Which factor contributed significantly to the decline of Indian cotton textile exports?
  • (A) Competition from British machine-made textiles
  • (B) Complete disappearance of cotton in India
  • (C) Lack of Indian cotton farmers
  • (D) End of all international trade

Correct Answer: A
Explanation:

British machine-made cotton textiles were cheaper and competed strongly with Indian hand-produced textiles.

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Question (33)
QN0037303
If India's share of raw cotton exports increased from 5% to 25%, by how many percentage points did it increase?
  • (A) 10 percentage points
  • (B) 15 percentage points
  • (C) 20 percentage points
  • (D) 30 percentage points

Correct Answer: C
Explanation:

Increase = 25% − 5% = 20 percentage points.

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Question (34)
QN0037304
Which development increased India's role as an exporter of raw cotton?
  • (A) Increased demand for cotton as an industrial raw material
  • (B) Complete closure of world markets
  • (C) Decline of textile production everywhere
  • (D) End of British industrialisation

Correct Answer: A
Explanation:

Industrial demand, particularly from textile manufacturing, increased the demand for raw cotton.

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Question (35)
QN0037305
What is meant by multilateral settlement in international trade?
  • (A) Payments are settled through a system involving several countries
  • (B) A country trades with only one country
  • (C) Countries stop using money
  • (D) All trade is conducted without exchange

Correct Answer: A
Explanation:

Multilateral settlement allows payments arising from trade among several countries to be settled through an interconnected system.

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Question (36)
QN0037306
Approximately how many people were killed or injured during the First World War?
  • (A) 5 million
  • (B) 15 million
  • (C) 30 million
  • (D) 50 million

Correct Answer: B
Explanation:

The First World War caused enormous loss of life, with about 15 million people killed or injured.

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Question (37)
QN0037307
How did the First World War change the financial position of the United States?
  • (A) It became a major creditor to other countries
  • (B) It became completely dependent on European loans
  • (C) It stopped industrial production
  • (D) It lost all overseas investments

Correct Answer: A
Explanation:

The United States emerged as an important creditor because European countries borrowed heavily from it during and after the war.

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Question (38)
QN0037308
If one out of every five British workers was unemployed, what percentage of workers did this represent?
  • (A) 10%
  • (B) 15%
  • (C) 20%
  • (D) 25%

Correct Answer: C
Explanation:

1 out of 5 = 1/5 × 100 = 20%.

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Question (39)
QN0037309
How did a glut of wheat affect wheat prices during the Great Depression?
  • (A) Prices increased sharply
  • (B) Prices fell significantly
  • (C) Prices remained unchanged everywhere
  • (D) Wheat became unavailable

Correct Answer: B
Explanation:

Excess supply of wheat contributed to a sharp fall in agricultural prices.

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Question (40)
QN0037310
If the production of cars increased from 10 million to 20 million, by what percentage did production increase?
  • (A) 50%
  • (B) 75%
  • (C) 100%
  • (D) 200%

Correct Answer: C
Explanation:

Increase = 10 million. Percentage increase = (10 ÷ 10) × 100 = 100%.

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