One Word AnswersWhich among the following was the main reason for the weavers to revolt against contractors in Silesia, in 1845?
(A) Contractors reduced their payments drastically
(B) They stopped the supply of raw materials to them
(C) They refused to place orders for finished textiles
(D) Condition of weavers was very pitiable
OR
Which among the following was the main reason to start the 'Tonkin Free School' in Vietnam?
(A) To provide 'Western Style Education'
(B) To provide 'Modern Education'
(C) To provide 'Science Education'
(D) To popularise the 'French Language'
Multiple Choice QuestionsWhich one of the following is a formal source of credit?
Traders
Cooperative societies
Money-lenders
Money-lenders
Which one of the following is the appropriate meaning of collateral?
It is the sum total of money borrowed from banks
The amount borrowed from friends
It is an asset of the borrower used as guarantee to a lender
It is an asset of the borrower used as guarantee to a lender
Which one of the following organisations lays stress on liberalisation of foreign trade and foreign investment?
International Monetary Fund
International Labour Organisation
World Health Organisation
World Health Organisation
In which one of the following places Mahatma Gandhi organised Satyagraha for the first time in India?
Dandi
Ahmedabad
Which one of the following statements is correct regarding 'sectional interest groups'?
They promote collective rather than selective good.
Their principal concern is betterment and well-being of their members, not society in general.
They aim to help groups other than their own members.
They aim to help groups other than their own members.
Which one of the following facilities is offered by the 'Election Commission' to a recognised political party?
Party name
Election Funds
Election symbol
Election symbol
Which one of the following is an example of outcomes of a democracy that produces an accountable government?
Open to public debates on major policies and legislation
Open in promoting economic development
Open in reducing economic inequalities
Open in reducing economic inequalities
Short Answer TypeHow does money solve the problem of double coincidence of wants? Explain with an example.
In an economy where money is in use, money by providing the crucial intermediate step eliminates the need for double coincidence of wants. It is no longer n necessary for the shoe manufacturer to look for a farmer who will buy his shoes and the same time sell him wheat. All he has to do is find a buyer for his shoes. Once he has exchanged his shoes for money, he can purchase wheat or any other commodity in the market. Since money acts as an intermediate in the exchange process, it is called a medium of exchange.
How has information and communication technology stimulated the globalisation process? Explain with examples.
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