Questions Refer to the Passage Below

question 80

Multiple Choice

Questions refer to the passage below.
Section II-Regarding Merchants. It is plain that the infidel and treacherous British government have monopolized the trade of all the fine and valuable merchandise, such as indigo, cloth, and other articles of shipping, leaving only the trade of trifles to the people. . . . When the Badshahi Government is established, all these aforesaid fraudulent practices shall be dispensed with, and the trade of every article, without exception, both by land and by water, shall be open to the merchants of India.
The Azamgarh Proclamation (1857) , Bahadur Shah, last Mughal emperor
-Which of the following was advocated by the passage above?

• A) Extension of monopoly power to the British
• B) All trade be open to Indian merchants
• C) Restriction of trade in indigo and cotton
• D) Conversion of the infidels

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Definitions:

Autonomous Consumption

The level of consumption that occurs when income is zero, reflecting the expenditure necessary to meet basic needs.

Saving Function

Is an economic concept describing the relationship between saving and income, indicating how changes in income levels affect the amount of money individuals save.

Consumption Function

A macroeconomic expression that defines the relationship between total consumer expenditures and gross national income, indicating how income affects spending patterns.

Interest Rate

The cost of borrowing money, expressed as a percentage of the amount borrowed, charged by lenders to borrowers for the use of assets.