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Question

What was considered to be phase II of the British colonisation in India?

A
Industrial Capitalism
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B
Financial Capitalism
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C
Agricultural Capitalism
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D
Mercantilist Capitalism
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Solution

The correct option is A Industrial Capitalism
The colonisation of India by the British took place in three phases:

Phase I: Mercantilist Capitalism,
Phase II: Industrial Capitalism,
and Phase III: Financial Capitalism.

During phase II, India emerged as a massive source of raw materials and a massive producer of goods.

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