Question

Q. Economic model adopted by the British during their colonial rule in India led to?

Select the correct answer using the codes given below:

• A. 1 and 4 only
• B. 1 and 3 only
• C. 2 and 4 only
• D. 2 and 3 only

Answer 1

The correct option is B 1 and 3 only

Explanation:

• During the colonial period , a large amount of British capital was invested in certain sectors like Railways, Jute, Cotton, Banking etc. This led to the Partial Industrialization of India; however, it was very insignificant compared to Britain.
• This Partial Industrialization led to the ruining of cottage industries in India and as the workers engaged in cottage industries shifted towards rural India, agricultural productivity also declined as there was excessive pressure on the land.
• The British adopted the policy of restricting competition and to give shape to it, they adopted unfair policies towards Indian capitalists.