Tag: britain and the world

Questions Related to britain and the world

Emergence of laissez-faire trade system can be traced to the writings of _____________. 

britain and the world the beginnings of empire history

  1. Alfred Marshall

  2. David Ricardo

  3. Paul Samuelson

  4. Adam Smith

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Correct Option: D

The book 'The Wealth of Nations' promoted the concept of _________.

britain and the world the beginnings of empire history

  1. Free Trade

  2. Protectionism

  3. Mercantilism

  4. Socialism

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Correct Option: A

British governments started pursuing a laissez-faire approach towards trade in the ______.

britain and the world the beginnings of empire history

  1. 1830s

  2. 1820s

  3. 1840s

  4. 1810s

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Correct Option: B

Support for mercantilism almost disappeared around the _________.

britain and the world the beginnings of empire history

  1. mid-1870s

  2. mid-1880s

  3. mid-1850s

  4. early 1900s

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Correct Option: C

Britain became a leading trading nation in the ________. 

britain and the world the beginnings of empire history

  1. 19th century

  2. 20th century

  3. 18th century

  4. 16th century

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Correct Option: A

Which of the following were important ports in Britain?

britain and the world the beginnings of empire history

  1. Cork and Dublin

  2. Glasgow and Edinburgh

  3. Bristol and Liverpool

  4. Brussels and Amsterdam

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Correct Option: C

Which of the following factors did not encourage trade in Britain in the 19th century?

britain and the world the beginnings of empire history

  1. Technological developments

  2. Spread of Christianity outside Europe

  3. Adoption of laissez-faire trade system

  4. Policy of free trade

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Correct Option: B

What was Adam Smith's attitude towards protectionism?

britain and the world the beginnings of empire history

  1. He was in favor of protectionism, but should be practiced in a controlled manner

  2. He was neutral towards protectionism

  3. He was against protectionism as it reduced trade

  4. He thought protectionism is essential for the development of the British domestic industry

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Correct Option: C

Which policy secured Britain's position as a leading trading nation during the 19th century?

britain and the world the beginnings of empire history

  1. Laissez-faire

  2. Protectionism

  3. Mercantilism

  4. Socialism

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Correct Option: A

How did iron, steam-powered ships encourage trade in Britain?

britain and the world the beginnings of empire history

  1. They helped enforce the custom duties on imports

  2. They helped strengthen the existing custom duties and tariffs

  3. They provided support for mercantilism

  4. They brought cheaper raw materials to Britain

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Correct Option: D