From the free UGC NET History Mock Test 8 — Unit 8: Colonial Economy unit-wise mock test — real question, real answer, real explanation.
What was the maximum age of children protected and working hours fixed for them under the Factory Act of 1881?
Children between 7 and 12 years limited to 9 hours of work per day ✓
Children under 18 limited to 6 hours
Children under 10 totally banned
Children under 14 limited to 12 hours
The 1881 Factory Act specifically limited children aged 7 to 12 to 9 hours of daily work — a real but quite modest first regulation by later standards, illustrating how gradually and incompletely colonial labor protections developed over subsequent decades.
The Reserve Bank of India (RBI) was established in 1935 following the recommendations of which body?
Hilton Young Commission (Royal Commission on Indian Currency and Finance) ✓
Babington Smith Committee
Chamberlain Commission
Fowler Committee
The Hilton Young Commission's recommendations directly led to the RBI's establishment in 1935 — a landmark institutional development in Indian monetary policy, though it remained under British control until independence.
The first modern joint-stock commercial bank managed entirely by Indians, established in Lahore in 1894, was:
Punjab National Bank ✓
Bank of Baroda
Central Bank of India
Imperial Bank of India
Punjab National Bank, founded in Lahore in 1894, was the first modern joint-stock bank managed entirely by Indians — a notable milestone of indigenous financial institution-building distinct from the largely British-controlled banking sector of the period.
The three Presidency Banks (Bank of Bengal, Bank of Bombay, Bank of Madras) were merged in 1921 to form the:
Imperial Bank of India ✓
State Bank of India
Reserve Bank of India
Union Bank of India
The three Presidency Banks merged in 1921 to form the Imperial Bank of India — which itself was later reorganized into the State Bank of India after independence, a useful sequence to keep clear for exam purposes.
The system of Indentured Labour Migration from India to British sugar colonies (Fiji, Mauritius, Caribbean) was officially abolished in which year?
1917 ✓
1905
1925
1935
Indentured labor migration to British colonies was officially abolished in 1917, following sustained nationalist campaigning (including figures like C.F. Andrews) against the system's often brutal, exploitative conditions — a significant, if incomplete, moral and political victory of the era.
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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.
