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Question

What is a self-reliant economy?

A
An economy that takes aid and trades only with select economies/ countries.
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B
An economy that completely depends on other economies for its sustenance.
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C
An economy that does not require any aid, support, interaction or trade with the outside world.
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D
An economy that is partially dependant on other economies for its sustenance.
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Solution

The correct option is C An economy that does not require any aid, support, interaction or trade with the outside world.
A self-reliant economy, also called Autarky is one that does not require any aid, support, interaction or trade with the outside world. The British conquest transformed the Indian economy from a self-reliant one into the colonial economy.

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