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Consider the following statements regarding the new industrial sector developed by the British rule in India.
1. The growth rate of the new industrial sector and its contribution to the Gross Domestic Product (GDP) remained very small.
2. Another significant drawback of the new industrial sector was the very limited area of operation of the public sector
3. This sector remained confined only to the railways, power generation, communications, ports and some other departmental undertakings
Which of the statements is/are correct?
- a)1 and 2 Only
- b)2 and 3 Only
- c)1 and 3 Only
- d)All of them
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
Consider the following statements regarding the new industrial sector...
- There was hardly any capital goods industry to help promote further industrialisation in India. Capital goods industry means industries which can produce machine tools which are, in turn, used for producing articles for current consumption.
- The establishment of a few manufacturing units here and Furthermore, the growth rate of the new industrial sector and its contribution to the Gross Domestic Product (GDP) remained very small.
- Another significant drawback of the new industrial sector was the very limited area of operation of the public sector. This sector remained confined only to the railways, power generation, communications, ports and some other departmental undertakings.
Most Upvoted Answer
Consider the following statements regarding the new industrial sector...
The correct answer is option 'D', which means all of the statements are correct. Let's understand each statement in detail:
1. The growth rate of the new industrial sector and its contribution to the Gross Domestic Product (GDP) remained very small:
- During the British rule in India, the growth rate of the new industrial sector was indeed very small. The development of industries was primarily focused on serving the interests of the British Empire rather than promoting economic growth in India. The British government imposed heavy taxes and tariffs on Indian industries, making it difficult for them to compete with British products. This, coupled with the lack of investment and technological advancements, resulted in a slow growth rate of the industrial sector. As a result, the contribution of the industrial sector to India's GDP remained limited.
2. Another significant drawback of the new industrial sector was the very limited area of operation of the public sector:
- The public sector in the new industrial sector was indeed limited in its area of operation. The British government mainly focused on establishing industries in sectors such as railways, power generation, communications, ports, and some departmental undertakings. These sectors were crucial for the colonial administration and served their strategic and economic interests. However, the public sector's involvement in other industries was limited, and private enterprises were dominant in various sectors.
3. This sector remained confined only to the railways, power generation, communications, ports, and some other departmental undertakings:
- This statement is also correct. The British government primarily focused on developing industries in sectors that directly served their colonial interests. Railways were developed to facilitate the transportation of raw materials and finished goods, power generation was important for industries and urban centers, communications played a vital role in maintaining control and administration, and ports were essential for trade and commerce. These sectors saw significant investment and development, while other industries remained neglected or underdeveloped.
Overall, the new industrial sector developed by the British rule in India had a small growth rate and limited contribution to GDP. The public sector's area of operation was confined mainly to sectors serving colonial interests, while other industries remained neglected. These factors highlight the exploitative nature of British industrial development in India during the colonial era.
1. The growth rate of the new industrial sector and its contribution to the Gross Domestic Product (GDP) remained very small:
- During the British rule in India, the growth rate of the new industrial sector was indeed very small. The development of industries was primarily focused on serving the interests of the British Empire rather than promoting economic growth in India. The British government imposed heavy taxes and tariffs on Indian industries, making it difficult for them to compete with British products. This, coupled with the lack of investment and technological advancements, resulted in a slow growth rate of the industrial sector. As a result, the contribution of the industrial sector to India's GDP remained limited.
2. Another significant drawback of the new industrial sector was the very limited area of operation of the public sector:
- The public sector in the new industrial sector was indeed limited in its area of operation. The British government mainly focused on establishing industries in sectors such as railways, power generation, communications, ports, and some departmental undertakings. These sectors were crucial for the colonial administration and served their strategic and economic interests. However, the public sector's involvement in other industries was limited, and private enterprises were dominant in various sectors.
3. This sector remained confined only to the railways, power generation, communications, ports, and some other departmental undertakings:
- This statement is also correct. The British government primarily focused on developing industries in sectors that directly served their colonial interests. Railways were developed to facilitate the transportation of raw materials and finished goods, power generation was important for industries and urban centers, communications played a vital role in maintaining control and administration, and ports were essential for trade and commerce. These sectors saw significant investment and development, while other industries remained neglected or underdeveloped.
Overall, the new industrial sector developed by the British rule in India had a small growth rate and limited contribution to GDP. The public sector's area of operation was confined mainly to sectors serving colonial interests, while other industries remained neglected. These factors highlight the exploitative nature of British industrial development in India during the colonial era.
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Consider the following statements regarding the new industrial sector developed by the British rule in India. 1. The growth rate of the new industrial sector and its contribution to the Gross Domestic Product (GDP) remained very small.2. Another significant drawback of the new industrial sector was the very limited area of operation of the public sector3. This sector remained confined only to the railways, power generation, communications, ports and some other departmental undertakingsWhich of the statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. Can you explain this answer?
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Consider the following statements regarding the new industrial sector developed by the British rule in India. 1. The growth rate of the new industrial sector and its contribution to the Gross Domestic Product (GDP) remained very small.2. Another significant drawback of the new industrial sector was the very limited area of operation of the public sector3. This sector remained confined only to the railways, power generation, communications, ports and some other departmental undertakingsWhich of the statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. 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 Consider the following statements regarding the new industrial sector developed by the British rule in India. 1. The growth rate of the new industrial sector and its contribution to the Gross Domestic Product (GDP) remained very small.2. Another significant drawback of the new industrial sector was the very limited area of operation of the public sector3. This sector remained confined only to the railways, power generation, communications, ports and some other departmental undertakingsWhich of the statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding the new industrial sector developed by the British rule in India. 1. The growth rate of the new industrial sector and its contribution to the Gross Domestic Product (GDP) remained very small.2. Another significant drawback of the new industrial sector was the very limited area of operation of the public sector3. This sector remained confined only to the railways, power generation, communications, ports and some other departmental undertakingsWhich of the statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. Can you explain this answer?.
Consider the following statements regarding the new industrial sector developed by the British rule in India. 1. The growth rate of the new industrial sector and its contribution to the Gross Domestic Product (GDP) remained very small.2. Another significant drawback of the new industrial sector was the very limited area of operation of the public sector3. This sector remained confined only to the railways, power generation, communications, ports and some other departmental undertakingsWhich of the statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. 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 Consider the following statements regarding the new industrial sector developed by the British rule in India. 1. The growth rate of the new industrial sector and its contribution to the Gross Domestic Product (GDP) remained very small.2. Another significant drawback of the new industrial sector was the very limited area of operation of the public sector3. This sector remained confined only to the railways, power generation, communications, ports and some other departmental undertakingsWhich of the statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding the new industrial sector developed by the British rule in India. 1. The growth rate of the new industrial sector and its contribution to the Gross Domestic Product (GDP) remained very small.2. Another significant drawback of the new industrial sector was the very limited area of operation of the public sector3. This sector remained confined only to the railways, power generation, communications, ports and some other departmental undertakingsWhich of the statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. Can you explain this answer?.
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