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Industrial Growth in India

Till the Firs...

Question

Till the First World War, a large sector of Indian Industries was controlled by _________.

A

Confederation of Indian Industries

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B

Banks

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C

Joint Stock Companies

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D

European Managing Agencies

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Solution

The correct option is D European Managing Agencies
European managing agencies controlled a large sector of Indian industries. Three of the biggest ones were: Bird Heiglers & Co., Andrew Yule, and Jardine Skinner & Co.
They mobilised capital, set up joint stock companies and managed them.

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