Question

Q. With reference to the Economic History of India during British Rule, which of the following statement(s) is/are incorrect?

Select the correct answer using the code given below:

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

Answer 1

The correct option is B 1 and 2 only

Explanation:

• Statement 1 is incorrect: According to R. Palme Dutt, the mercantile phase of British capitalism was the first method used by the British during the phase of 1757-1813.
• Statement 2 is incorrect: The British wanted to treat India as a market for their cheap goods and as a source of raw material. Hence, the British had mostly reduced the import duties to nominal rates or abolished them altogether in certain cases.
• Statement 3 is correct: The purpose of modern education as per T.B. Macauley was to create a workforce of Indians who are Indians in color, but British in taste, opinion, manner, and intellect. This workforce was supposed to serve the vastly rising British administration.