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Read the following passage and answer the question:

India had an independent economy before the advent of the British rule. Though agriculture was the main sort of livelihood for most people, the country's economy was characterised by various kinds of manufacturing activities. India was particularly well known for its handicraft industries in the fields of cotton and silk textiles, metal and precious stone works etc. These products enjoyed a worldwide market based on the reputation of the fine quality of material used and the high standards of craftsmanship seen in all imports from India. The economic policies pursued by the colonial government in India were concerned more with the protection and promotion of the economic interests of their home country than with the development of the Indian economy.

Such policies brought about a fundamental change in the structure of the Indian economy - transforming the country into a supplier of raw materials and a consumer of finished industrial products from Britain. Obviously, the colonial government never made any sincere attempt to estimate India's national and per capita income. Some individual attempts which were made to measure such incomes yielded conflicting and inconsistent result. Amongst the notable estimators, Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao and R.C. Desi-it was Rao, whose estimates during the colonial period were considered very significant. However, many babies did find that the country's growth of aggregate real output during the first half of the twentieth century was less than two per cent coupled with a meagre half per cent growth in per capita output per year. 

According to the passage, which of the following statement was true about Indian industries' products?

66.67% studentsanswered this correctly

Important Questions on Indian Economy on the Eve of Independence

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Read the following passage and answer the question:

India had an independent economy before the advent of the British rule. Though agriculture was the main sort of livelihood for most people, the country's economy was characterised by various kinds of manufacturing activities. India was particularly well known for its handicraft industries in the fields of cotton and silk textiles, metal and precious stone works etc. These products enjoyed a worldwide market based on the reputation of the fine quality of material used and the high standards of craftsmanship seen in all imports from India. The economic policies pursued by the colonial government in India were concerned more with the protection and promotion of the economic interests of their home country than with the development of the Indian economy.

Such policies brought about a fundamental change in the structure of the Indian economy - transforming the country into a supplier of raw materials and a consumer of finished industrial products from Britain. Obviously, the colonial government never made any sincere attempt to estimate India's national and per capita income. Some individual attempts which were made to measure such incomes yielded conflicting and inconsistent result. Amongst the notable estimators, Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao and R.C. Desi-it was Rao, whose estimates during the colonial period were considered very significant. However, many babies did find that the country's growth of aggregate real output during the first half of the twentieth century was less than two per cent coupled with a meagre half per cent growth in per capita output per year. 

Before British rule, India was well known for which manufacturing industries' products?

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Read the following passage and answer the question:

India had an independent economy before the advent of the British rule. Though agriculture was the main sort of livelihood for most people, the country's economy was characterised by various kinds of manufacturing activities. India was particularly well known for its handicraft industries in the fields of cotton and silk textiles, metal and precious stone works etc. These products enjoyed a worldwide market based on the reputation of the fine quality of material used and the high standards of craftsmanship seen in all imports from India. The economic policies pursued by the colonial government in India were concerned more with the protection and promotion of the economic interests of their home country than with the development of the Indian economy.

Such policies brought about a fundamental change in the structure of the Indian economy - transforming the country into a supplier of raw materials and a consumer of finished industrial products from Britain. Obviously, the colonial government never made any sincere attempt to estimate India's national and per capita income. Some individual attempts which were made to measure such incomes yielded conflicting and inconsistent result. Amongst the notable estimators, Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao and R.C. Desi-it was Rao, whose estimates during the colonial period were considered very significant. However, many babies did find that the country's growth of aggregate real output during the first half of the twentieth century was less than two per cent coupled with a meagre half per cent growth in per capita output per year. 

What was the country's growth of aggregate real output during the first half of the 20th century?

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Read the following passage and answer the question:

India had an independent economy before the advent of the British rule. Though agriculture was the main sort of livelihood for most people, the country's economy was characterised by various kinds of manufacturing activities. India was particularly well known for its handicraft industries in the fields of cotton and silk textiles, metal and precious stone works etc. These products enjoyed a worldwide market based on the reputation of the fine quality of material used and the high standards of craftsmanship seen in all imports from India. The economic policies pursued by the colonial government in India were concerned more with the protection and promotion of the economic interests of their home country than with the development of the Indian economy.

Such policies brought about a fundamental change in the structure of the Indian economy - transforming the country into a supplier of raw materials and a consumer of finished industrial products from Britain. Obviously, the colonial government never made any sincere attempt to estimate India's national and per capita income. Some individual attempts which were made to measure such incomes yielded conflicting and inconsistent result. Amongst the notable estimators, Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao and R.C. Desi-it was Rao, whose estimates during the colonial period were considered very significant. However, many babies did find that the country's growth of aggregate real output during the first half of the twentieth century was less than two per cent coupled with a meagre half per cent growth in per capita output per year. 

What kind of interests was the colonial government concerned with in the economic policy for industries?

MEDIUM

Read the following passage and answer the question:

India had an independent economy before the advent of the British rule. Though agriculture was the main sort of livelihood for most people, the country's economy was characterised by various kinds of manufacturing activities. India was particularly well known for its handicraft industries in the fields of cotton and silk textiles, metal and precious stone works etc. These products enjoyed a worldwide market based on the reputation of the fine quality of material used and the high standards of craftsmanship seen in all imports from India. The economic policies pursued by the colonial government in India were concerned more with the protection and promotion of the economic interests of their home country than with the development of the Indian economy.

Such policies brought about a fundamental change in the structure of the Indian economy - transforming the country into a supplier of raw materials and a consumer of finished industrial products from Britain. Obviously, the colonial government never made any sincere attempt to estimate India's national and per capita income. Some individual attempts which were made to measure such incomes yielded conflicting and inconsistent result. Amongst the notable estimators, Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao and R.C. Desi-it was Rao, whose estimates during the colonial period were considered very significant. However, many babies did find that the country's growth of aggregate real output during the first half of the twentieth century was less than two per cent coupled with a meagre half per cent growth in per capita output per year. 

Choose the economists who estimated India's National Income and Per Capita Income.

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Which institution was responsible for collecting land revenue in the Mahalwari system?
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Which type of land tenure system was prevalent in the agricultural sector of India on the eve of independence?
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Which crop was the most important cash crop in India on the eve of independence?
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What was a significant problem associated with agriculture in India on the eve of independence?
HARD
What was the primary economic activity in the Indian economy on the eve of independence?