Pakistan Studies/Affairs MCQs
Topic Notes: Pakistan Studies/Affairs
MCQs and preparation resources for competitive exams, covering important concepts, past papers, and detailed explanations.
Plato
- Biography: Ancient Greek philosopher (427–347 BCE), student of Socrates and teacher of Aristotle, founder of the Academy in Athens.
- Important Ideas:
- Theory of Forms
- Philosopher-King
- Ideal State
31
The Regulating Act of 1773 required the Court of Directors to submit reports on revenue, civil, and military affairs to:
Answer:
The British Parliament/Government
To assert control, the Act required the Directors to lay before the British Government (specifically the Treasury and Secretary of State) all correspondence regarding revenue, civil, and military affairs.
32
Which famine significantly reduced the Company's revenue and contributed to the circumstances leading to the Regulating Act?
Answer:
Famine of 1770
The devastating Bengal Famine of 1770 severely reduced the revenue of the Company and the region's population, exacerbating the Company's financial crisis.
33
What was the interest rate limit fixed by the Regulating Act of 1773 for British subjects in India?
Answer:
12%
The Act stipulated that no British subject was to charge interest at a rate higher than 12 percent.
34
The Supreme Court established by the Regulating Act had jurisdiction over:
Answer:
British subjects in Bengal, Bihar, and Orissa
The Supreme Court was given civil, criminal, admiralty, and ecclesiastical jurisdiction over all British subjects in the provinces of Bengal, Bihar, and Orissa.
35
Did the Governor General have veto power over his Executive Council under the Regulating Act of 1773?
Answer:
No, he had no veto power
A major defect of the Act was that the Governor General had no veto power. He was bound by the majority decision of the council, though he had a casting vote in case of a tie.
36
Which Presidencies were made subordinate to the Governor General of Bengal under the Regulating Act of 1773?
Answer:
Madras and Bombay
The Act subordinated the Presidencies of Madras and Bombay to the Governor General of Bengal, particularly in matters of war and peace, centralizing authority.
37
The Regulating Act of 1773 prohibited the servants of the Company from engaging in:
Answer:
Private trade
The Act explicitly prohibited the servants of the Company from engaging in any private trade or accepting presents and bribes from the natives.
38
What financial crisis prompted the East India Company to seek a loan from the British Government in 1772, leading to the Regulating Act?
Answer:
Impending bankruptcy and application for a £1 Million loan
By 1773, the Company was almost insolvent and applied to the British Government for a loan of One Million Pounds Sterling, which gave Parliament the leverage to regulate the Company.
39
Under the Regulating Act of 1773, the term of office for the Directors of the Company was increased to:
Answer:
Four years
The Act changed the term of Directors from one year to four years, with a provision that one-fourth of the number would retire annually.
40
The Regulating Act of 1773 raised the qualification for a vote in the Court of Proprietors from £500 to:
Answer:
£1000
To check the chaotic management by minor shareholders, the Act raised the qualification for a vote in the Court of Proprietors from £500 to £1000.