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Question
Why were Foreign capitalists attracted to Indian industries in the early 20th century?
Why were Foreign capitalists attracted to Indian industries in the early 20th century?
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Solution
The correct options are
A Prospects of high profits.
B Availabilty of cheap labour.
C Availability of cheap raw materials.
D Availability of a ready market.
The British consolidated their power in India and thereby attracted a large number of foreign entrepreneurs and capital particularly from England. Foreign capitalists were attracted to the Indian industry as it held the prospect of high profit. Labour was extremely cheap. Raw materials were cheaply available. And India and its neighbours provided a ready market.
A Prospects of high profits.
B Availabilty of cheap labour.
C Availability of cheap raw materials.
D Availability of a ready market.
The British consolidated their power in India and thereby attracted a large number of foreign entrepreneurs and capital particularly from England. Foreign capitalists were attracted to the Indian industry as it held the prospect of high profit. Labour was extremely cheap. Raw materials were cheaply available. And India and its neighbours provided a ready market.
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