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Foreign capitalists were attracted by Indian industry for a variety of reasons. Which one of the following reasons was not one of them?
  • a)
    Labour was extremely cheap
  • b)
    Raw materials were readily and cheaply available
  • c)
    Indian capitalist class wars well developed but unable to compete
  • d)
    For many Indian products there was a ready demand the world over
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Foreign capitalists were attracted by Indian industry for a variety of...
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.
Since, Option C is a wrong statement, OPtion C is the correct answer. 
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Foreign capitalists were attracted by Indian industry for a variety of reasons. Which one of the following reasons was not one of them?a)Labour was extremely cheapb)Raw materials were readily and cheaply availablec)Indian capitalist class wars well developed but unable to competed)For many Indian products there was a ready demand the world overCorrect answer is option 'C'. Can you explain this answer?
Question Description
Foreign capitalists were attracted by Indian industry for a variety of reasons. Which one of the following reasons was not one of them?a)Labour was extremely cheapb)Raw materials were readily and cheaply availablec)Indian capitalist class wars well developed but unable to competed)For many Indian products there was a ready demand the world overCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Foreign capitalists were attracted by Indian industry for a variety of reasons. Which one of the following reasons was not one of them?a)Labour was extremely cheapb)Raw materials were readily and cheaply availablec)Indian capitalist class wars well developed but unable to competed)For many Indian products there was a ready demand the world overCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Foreign capitalists were attracted by Indian industry for a variety of reasons. Which one of the following reasons was not one of them?a)Labour was extremely cheapb)Raw materials were readily and cheaply availablec)Indian capitalist class wars well developed but unable to competed)For many Indian products there was a ready demand the world overCorrect answer is option 'C'. Can you explain this answer?.
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