Question

Which of the following is not true about the Financial phase of British capitalism in India?

• A. The British invested heavily in modern banking and education.
• B. Indentured labour was abolished during the phase.
• C. Majority of the British investments were for the development of railways in India.
• D. The period saw an increase in export-import firms.

Answer 1

The correct option is B Indentured labour was abolished during the phase.