24. Who said: “If you learn anything from the history of economic development it is that culture makes all the difference. A culture in the sense of inner values and attitudes that guide a population frightens scholars.”

23. What ideology did China adopt in 1978 when they abandoned hardcore communist ideology?

22. After how many years did the Communist experiment in the Soviet Russia fail?

21. Who are the bourgeoisie?

20. Who are the proletariat?

19. In what two classes of people, did the communists divide the humankind into?

18. Who wrote Das Capital in 1867?

Question Statement : Which is the largest continent in the World ?

16. What were the Occupy Wall Street protests were about originally?

15. What made the U.S. economy to start growing again after the 2007-08 economic crisis?

14. How much money does the U.S. borrow in the international financial markets, daily?

13. What does the commodity trader George Soros considers market capitalism to be:

12. Which of the following does the modern western economics does not take in its fold:

Question Statement : Which is the largest continent in the World ?

11. Who said: “In a sense, market is the institutionalism of individualism and non-responsibility. Neither the buyer, nor the seller is responsible for anything but himself.”

10. What led to questions being raised about the western capitalist model?

9. After the failure of communism in the 1990s, which system was adopted as one-fit-for-all model for all countries?

8. Which set of theories believed that all economic decisions are aimed at self-satisfaction and placed individual at the center, prevalent in the later decades of the 19th century Europe?

7. What was the most important concept that Adam Smith gave, regarding economy?

6. When was Adam Smith’s phenomenal work Wealth of Nations published?

5. In which century did the mercantilist ideology reach its peak?

4. What was the most primary and important result of mercantilism globally?

3. Which system motivated countries to search for new markets resulting in cut-throat competition and violence?

2. According to which model or theory, the stock of accumulated gold represented the prosperity of nations?

Which system was in practice in the West in much of the western countries, especially Europe till the 14th century?

19. Indian economy is not concerned, especially at the non-corporate level with:

18. In India, big corporate businesses:

17. Tiruppur is able to sell goods at lower rate because:

16. In the ghee industry of Tamil Nadu, somewhere where already someone from the state is operating a shop, the trader will:

15. Which economist and observer said: “I have come to believe that being endowed by commercial caste is a source of advantage in the global economy.”

14. In what segment is Tiruppur industry has been very successful?

13. What is the number of businesses that are operating in the MSME (micro, small, medium, enterprises) sector?

12. Which of the following is the most entrepreneurial nation in the world?

11. According to OASIS report of 1999 what was the share of self-employment sector in Indian economy?

10. What is the current share of the organized sector in total employment, comprising of both private corporate sector and the government sector?

9. Who has said that: “If we include gold alone in the Indian savings, then the saving rate would be higher by another 2% points.”

Question Statement : Which is the largest continent in the World ?

8. What percentage of the global consumption is the Indian demand of gold?

7. For how much savings does the household sector amounts to in India?

6. At the time of Indian independence, when the poverty was 45% in India, what was the percentage of savings?

5. Regarding earnings and savings, what is considered as sin in India?

4. What is the number of estimated families in India?

3. What is the smallest economic unit in India?

2. Who said that: “The family rather than the individual was looked on as the unit of the social system. Thus the population of a region was generally estimated in families rather than in heads.”

Which of the following is not a basic feature of the Indian economic model?

10. What is the percentage of the illiterate people saving money in India in 1950-51?

9. Who destroyed Indian economy and made us poor?

8. In which country there was a lot of economic development without exploiting any group of people anywhere in the world?

7. Who made this statement: “I wanted to emphasize the point which would be widely accepted: that the success of India did not depend upon the government; it depended upon the energy, ingenuity and other q […]

6. What was the rate of the ‘Hindu Growth Rate’, the racist tag that Indian leftists had imposed upon Indian growth rate?

5. Between 1820s and 1830s, according to Dr. Makkhan Lal what was the percentage of literacy in India?

4. Which of the following is not the reason of India’s decline as a major economic power during the 18th and 19th centuries?

3. In 1950-51 what percentage of India’s population was dependent upon agriculture?

2. What was the share of the US of the global GDP in 1913?

What was the share of India in the global GDP in 1950 according to Angus Maddison?

25. Who said that: “it was the Indian resources which are going out of our country to England that made the Industrial Revolution possible”?

24. Between the time of the Plassey wars and the Waterloo era, what was the amount of money drained out of India, according to Brooke Adams?

23. Who said that: “the conduct of the British was unrighteous, despotic, unnatural, destructive, plundering”?

22. In which century did India become an importer of finished produce and an exporter of raw material?

Question Statement : Which is the largest continent in the World ?

21. In Madras Presidency, between 1800 and 1850 CE in a period of just 50 years, what percentage of farmers moved out of agriculture?

20. How many people died in the Bengal famine, orchestrated by the British?

19. What was the rate of the British taxes in the Tamil Nadu region in the late 18th century?

18. Which British traveler to India said: “We have swept away their manufacturing.”

17. Which two Western powers replaced India and China as the dominant global powers in economy at the beginning of the 20th century?

16. What was the increase in UK’s share of global manufacturing from the years 1750-1900?

15. What was the decline of India’s share of global manufacturing from the years 1750-1900?

14. In the period of 1700-1940, how what percentage of Indian GDP was wiped out?

13. In the period of 1820-1940 what percentage of Indian GDP was wiped out?

12. Between 1700-1820 how much of Indian economy was wiped out?

11. The US became the largest contributor to the global economy in which year?

10. China replaced India as the topmost economy for a long period to come in which year?

9. Which British official made the statement: “They have been in a state of greatest prosperity from the earliest times, as far as the history tells us.”

8. By what percentage did UK’s share of global GDP increase during the two centuries from 1500 CE to 1700 CE?

7. When was the British monarch’s, the Queen’s rule instated in India?

6. Which of the following cities was the first settlement of the East India Company in India?

5. When was the East India Company formed?

4. Which European reached the shores of India in 1498 searching for the route of India?

3. What was the percentage of slaves in Caribbean sugar islands?

2. In which century did the modern British Empire took shape?

What was the main objective of the mercantilist economic ideology in Europe?

23. Giving food to all creatures, was considered a part of which culture?

22. Who gave this instruction about food provided to the travelers: “All travelers, pilgrims of every description to be fed with boiled rice. Those who do not choose to eat boiled rice, receive it un-boiled with s […]

21. The policy of “Beggar they neighbor” was adopted in which region of the world as an economic policy?

20. In 19th century Britain, who could avail the education facility?

19. What did Gandhi describe as “The Beautiful Tree” in his speech at the round table conference in the 1930s?

18. What was the village : school ratio when the British came to India?

17. According to Makkhan Lal, what was the rate of literacy in India in 18th century?

16. How many books were there in the library of Nalanda?

15. 1900 years ago, what was the issue about which the Kingdom of Rome was worried about India?

14. What was the share of the U.K. in the global GDP in 1750?

13. Who is the author of the book, The Rise and Fall of Great Powers?

12. Till what period did India remain as a powerful ship building country?

11. As compared to the per capita production of grains today, what was the per capita production in Tamil Nadu in 1760?

10. What was the paddy production in the Chengalpattu region of Tamil Nadu in 1760?

9. What was the objective of agriculture in India?

8. What does the Cambridge Encyclopedia says about the number of inter-connected water tanks in India?