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Question
The policies post 1813 led to:
1. Indian producers lost Indian markets to the British industry.
2. India became an investment destination for British capitalists.
Which of the above statements is/are correct?
The policies post 1813 led to:
1. Indian producers lost Indian markets to the British industry.
2. India became an investment destination for British capitalists.
Which of the above statements is/are correct?
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Solution
The correct option is C Both 1 and 2
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Post Charter Act of 1813, East India Company lost trade monopoly with India. It led to huge inflow of cheap industrial goods into India, leading to Indian producers losing local market.
Indian Railways became an important investment opportunity for the British as it ensured high returns.
<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Post Charter Act of 1813, East India Company lost trade monopoly with India. It led to huge inflow of cheap industrial goods into India, leading to Indian producers losing local market.
Indian Railways became an important investment opportunity for the British as it ensured high returns.
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