From the free UGC NET History Mock Test 8 — Unit 8: Colonial Economy unit-wise mock test — real question, real answer, real explanation.
In the context of British colonial trade policies, One-Way Free Trade imposed on India after the Charter Act of 1813 meant:
Free entry of British manufactured goods into India with nominal tariffs, while Indian manufactured goods faced prohibitive import duties in Britain ✓
Total duty-free exchange of goods in both directions
Trade restrictions applied equally to all foreign nations
Exemption of Indian shipping from harbor duties
"One-way free trade" meant British goods entered India with minimal tariffs while Indian goods (notably textiles) faced steep, often prohibitive duties entering Britain — a structurally unequal arrangement central to the nationalist economic critique of colonial trade policy.
The Imperial Preference policy introduced in the 1930s meant granting:
Special tariff concessions and lower trade duties for British goods imported into India ✓
Financial subsidies to Indian native industries
Preference to Indian merchants in government tenders
Monopolistic shipping charters to Indian firms
Imperial Preference gave British goods lower tariff rates entering India (and other Empire markets) compared to non-Empire competitors — a 1930s policy shift responding to the Great Depression's global trade pressures, still favoring British commercial interests within a changed international context.
The Tata Iron and Steel Company (TISCO) was established at Jamshedpur in which year?
1907 ✓
1911
1919
1925
TISCO was established at Jamshedpur in 1907, marking a landmark moment for indigenous heavy industry in colonial India — a genuinely significant Indian-owned industrial venture in a sector (iron and steel) where colonial economic structures generally discouraged such development.
The Famine Code in India was formulated based on the recommendations of which commission set up in 1878?
Strachey Commission ✓
Lyall Commission
MacDonnell Commission
Woodhead Commission
The Strachey Commission's 1878-80 recommendations directly shaped the Indian Famine Code, systematizing (though not always adequately funding or implementing) official famine relief procedures across British India.
The devastating Great Bengal Famine of 1943 resulted in the loss of millions of lives primarily due to:
Wartime grain requisitions, Japanese occupation of Burma interrupting rice imports, and colonial misdistribution policies ✓
Complete absence of monsoon rainfall across India
Locust attacks on wheat crops
Destruction of all major irrigation dams
The 1943 Bengal Famine resulted from a combination of wartime disruption (loss of Burmese rice imports after Japanese occupation), military grain requisitioning, and serious failures of colonial distribution and relief policy — NOT primarily a natural drought, a crucial distinction historians (notably Amartya Sen's later analysis) emphasize.
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Itihaaskar — UGC NET/JRF & UPSC History Optional notes by Parveen Malik (B.Tech. (CSE), M.A. (History), History JRF). Also spelt Itihaskar.