CA Foundation P4 · Chapter 10 · Question 13 of 15
Which of the following was a consequence of British colonial policy for the Indian economy?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Decline of traditional handicrafts (de-industrialisation)
Explanation
Cheap machine-made British goods and discriminatory tariffs led to the decline of Indian handicrafts. Agricultural productivity stagnated, heavy industry was very limited, and India typically ran an export surplus that financed the drain.
More Indian Economy MCQs
- Q15The Industrial Policy Resolution of 1956 is significant because it:
- Q1The economic reforms introduced in India in 1991 are popularly summarised as:
- Q2The immediate trigger for the economic reforms of 1991 was:
- Q3Within the 1991 reform package, which of the following is a 'stabilisation' measure rather than a 'structural reform' measure?
- Q4NITI Aayog replaced which of the following bodies?