Question : In which of the first three general elections did the Congress party face the least competition?  

Option 1:  First  

Option 2: Second  

Option 3: Third  

Option 4:  Competition was equal in all three  

Question : How did the establishment of cantonments affect the local economies of colonial Indian cities?  

Option 1: It led to a decrease in agricultural productivity  

Option 2: It boosted local businesses and markets  
 

Option 3: It resulted in the decline of traditional crafts  

Option 4: It increased competition among local traders  

Question : Which of the following about the impact of economic reforms of the businesses is incorrect?
 

Option 1: Increased competition in the market gives the customer wider choice.
 

Option 2: The business environment was quite stable and business plans and policies were continued for the long period of time.
 

Option 3: Increase competition made it compulsory for Indian firm to develop new ways to survive in the market.
 

Option 4: All of the above are correct.
 

Question : A consequence of economic liberalization in India was:  
 

Option 1: Strengthening of labor unions  
 

Option 2: Increased competition in domestic markets  
 

Option 3: Expansion of the public sector  

Option 4: Decrease in foreign direct investment  

Question : Case Study 11: Role of Government Schemes

A group of young entrepreneurs started a tech company with a vision to bridge the digital divide in rural areas. The government supported their initiative by providing financial assistance and incentives.

Question:

How did the government's financial assistance impact the tech company?

Option 1: It led to the closure of the company
    

Option 2: It increased competition from other tech firms
   

Option 3: It supported the company's initiative in rural areas

Option 4: It increased taxation for the company