Question : Which of the following statements is correct regarding the Lucknow Pact? I. It was signed in the year 1916. II. It was signed between the moderate and radical factions of Congress.
Option 1: Both I and II
Option 2: Neither I nor II
Option 3: Only I
Option 4: Only II
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Correct Answer: Only I
Solution : The correct answer is Only I.
The Lucknow Pact was an agreement between the Indian National Congress and the All-India Muslim League, and it was indeed signed in 1916. However, it was not signed between the moderate and radical factions of Congress. Instead, it was signed between the Congress led by moderates like Annie Besant and the Muslim League led by leaders like Aga Khan. The pact aimed to present a common demand for constitutional reforms to the British government and foster Hindu-Muslim unity.
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Question : When was the Lucknow Pact signed by the All-India Muslim League and Indian National Congress?
Option 1: 1916
Option 2: 1911
Option 3: 1919
Option 4: 1906
Question : Which of the following statements is correct regarding the demand curve? I. It is a graphical representation of the demand function. II. It gives the quantity demanded by the consumer at each price.
Option 2: Only II
Option 3: Neither I nor II
Option 4: Only I
Question : Which of the following statements is correct regarding the features of a perfectly competitive market? I. The market consists of a large number of buyers and sellers. II. Information is perfect.
Option 1: Only I
Option 3: Both I and II
Question : Which of the following statements is correct regarding the Industrial Policy Resolution of 1956? I. This resolution formed the basis of the Second Five-Year Plan. II. This policy was used to promote industry in backward regions.
Option 1: Neither I nor II
Option 2: Both I and II
Question : Which of the following statements is correct regarding the government securities in the economy? I. It is a tradeable instrument issued by the Central or State Governments. II. They are called risk-free, gilt-edged instruments.
Option 2: Only I
Option 3: Only II
Option 4: Both I and II
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