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Question

Consider the following changes that happened after 1757 in the economic sphere in India

1. In the initial phases, Indian finished produce was sourced from the revenues of Bengal.
2. The industrial revolution mainly occured during this period.


Which of the above statements is/are correct?

A
1 only
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B
2 only
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C
Both 1 and 2
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D
Neither 1 nor 2
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Solution

The correct option is C Both 1 and 2
<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> The revenue of Bengal fuelled Industrial Revolution along with the wealth drained from the rest of the world. In the early period, Indian handicrafts were more competitive viz British industrial goods, as such they had to resort to high import duties on Indian produce.

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