Test: Indian Economy On The Eve Of Independence - 3 - Commerce MCQ

Economic infrastructure means the basic amenities and services and services that directly influence and benefits the production process. Few examples are power, transportation, communication, banking, irrigation, etc.

Through discriminatory tariff policy, the British Government successfully destroyed the demand of handicraft goods. Under this policy there was no duty on the export of goods from India and Import of British finish goods to India. But heavy-duty was placed on the export of handicraft so Indian handicraft decline.

Indian wealth was badly affected during the British rules. Foreign trade of India during the colonial period generated of surplus exports due to excess exports.However,this surplus export did not flow any silver or Gold in to India. Rather- this surplus export was used to make payment of official setup by colonial government.

Infant mortality rate is the number of deaths per 1000 live births of children under 1 Year of Age. The rate for a given region is the number of children dying under 1 Year of age, divided by the number of live births during the year, multiplied by 1000.

Colonialism implies domination of people’s life and culture. It results in control over life of natives in political, economic, cultural, social spheres. It is a more subtle whereas imperialism in more formal and aggressive.

The Main interest of the Zamindars was to collect rent regardless of the economic conditions of the cultivators. The profit accruing out of the agriculture sector went to the Zamindars instead of the cultivators. The system was not even proposed for benefiting the Cultivators.

With the development of Railways and roads, the colonial regulation also tooks steps for improvement of the sea lanes and inland trade. However for the postal services ,though it was useful assistants for the society ,it remains in sufficient.

The year 1921 is called a Great Divide in demographic history of India because it is the only census year when there was as decline in growth population. After 1921, there has been a trend of continuous rise in population.

British tariff policy, competitions from manmade machines, new demand patterns this are the main reasons for Decay of Indian handicrafts. Indian Industries mostly produce man maid products due to lack of technology. Even sudden change in demand of products as per western cultures resulted in to Decay.

TISCO (TATA IRON AND STEEL COMPANY) was established by Jameshji Tata on 26^th August 1907. It has grown to the world 7^th largest steel company. The name of the town was TISCO was found by Jameshji was given by lord Chelmsford in 1907.