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Question
Which of the following developments can be attributed to the Swadeshi Movement?
Which of the following developments can be attributed to the Swadeshi Movement?
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Solution
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A Development of large-scale chemical and pharmaceutical industries in India
B Competition against the monopoly of the British Indian Steam Navigation Company
D Rise of local banking and insurance companies
The Swadeshi and British boycott movement gave rise to many national institutions. The National Soap Factory and TISCO were established during the Swadeshi movement to encourage national institutions. The Swadeshi Steam Navigation Company gave stiff competition to the British monopoly on navigation. Local banking and insurance companies were set up by merchants and Zamindars. However, the decline of British goods was for a short period. There was a dip in imports during the movement, but it was limited to products generally consumed by the middle class, and was regionally limited to Bengal.
A Development of large-scale chemical and pharmaceutical industries in India
B Competition against the monopoly of the British Indian Steam Navigation Company
D Rise of local banking and insurance companies
The Swadeshi and British boycott movement gave rise to many national institutions. The National Soap Factory and TISCO were established during the Swadeshi movement to encourage national institutions. The Swadeshi Steam Navigation Company gave stiff competition to the British monopoly on navigation. Local banking and insurance companies were set up by merchants and Zamindars. However, the decline of British goods was for a short period. There was a dip in imports during the movement, but it was limited to products generally consumed by the middle class, and was regionally limited to Bengal.
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