All Courses
Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity Get the App Login Join for Free
Sign in Open App
Commerce Exam  >  Commerce Questions  >  Which statement is false?a)On the eve of inde... Start Learning for Free
SaveJoin the Discussion on the App
Which statement is false?
  • a)
    On the eve of independence, agriculture was the principal occupation of people.
  • b)
    Indian economy at the time of independence was an industrial economy.
  • c)
    Railways was developed by the British Raj as a means to enlarge the size of market for the British India.
  • d)
    Indian economy served as a source of raw material for the British industry and market for its finished goods.
Correct answer is option 'B'. Can you explain this answer?
FREE This question is part of
Download PDF Attempt Test
Download PDF Attempt this Test
Most Upvoted Answer
Which statement is false?a)On the eve of independence, agriculture was...
False Statement: Indian economy at the time of independence was an industrial economy.

Explanation:
On the eve of independence, agriculture was the principal occupation of people. The Indian economy was primarily an agricultural economy, and the majority of people depended on agriculture for their livelihood. The industrial sector was underdeveloped and largely controlled by the British. The Indian economy served as a source of raw material for the British industry and a market for its finished goods.

Railways were developed by the British Raj as a means to enlarge the size of the market for the British India. The railway network was primarily used for the transportation of raw materials from the hinterland to the ports for export and finished goods from the ports to the hinterland for consumption.

The Indian economy was not an industrial economy at the time of independence. The industrial sector was underdeveloped, and the majority of industries were controlled by the British. The Indian government took several steps to promote industrial development after independence, such as the establishment of public sector industries, liberalization of the economy, and foreign investment.

In conclusion, Indian economy at the time of independence was primarily an agricultural economy, and the industrial sector was underdeveloped and largely controlled by the British.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
< Previous Question Next Question >
Explore Courses for Commerce exam

Similar Commerce Doubts

Read the following hypothetical text and answer the question that follow:The performance of the Indian economy during the period of first seven five-year plans (1950-1990) was satisfactory if not very impressive. On the eve of independence, India was an industrially backward country, but during this period of first seven plans our industries became far more diversified, with the stress being laid on the public investments in the industrial sector. The policy of import substitution led to protection of the domestic industries against the foreign producersbut we failed to promote a strong export surplus. Although public sector expanded to a large extent but it could not bring desired level of improvement in the secondary sector. Excessive government regulations prevented the natural trajectory of growth of entrepreneurship as there was no competition, no innovation and no modernization on the front of the industrial sector. Many Public Sector Undertakings (PSUs) incurred huge losses due to operational inefficiencies, red-tapism, poor technology and other similar reasons. These PSUs continued to function because it was difficult to close a government undertaking even it is a drain on country’s limited resources. On the Agricultural front, due to the measures taken under the Green Revolution, India more or less became self-sufficient in the production of food grains. So, the needs for reform of economic policy was widely felt in the context of changing global economic scenario to achieve desired growth in the country.Q. Inward looking trade strategy aimed at _________ .

Read the following hypothetical text and answer the question that follow:The performance of the Indian economy during the period of first seven five-year plans (1950-1990) was satisfactory if not very impressive. On the eve of independence, India was an industrially backward country, but during this period of first seven plans our industries became far more diversified, with the stress being laid on the public investments in the industrial sector. The policy of import substitution led to protection of the domestic industries against the foreign producersbut we failed to promote a strong export surplus. Although the public sector expanded to a large extent but it could not bring desired level of improvement in the secondary sector. Excessive government regulations prevented the natural trajectory of growth of entrepreneurship as there was no competition, no innovation and no modernization on the front of the industrial sector. Many Public Sector Undertakings (PSUs) incurred huge losses due to operational inefficiencies, red-tapism, poor technology and other similar reasons. These PSUs continued to function because it was difficult to close a government undertaking even it is a drain on the country's limited resources. On the Agricultural front, due to the measures taken under the Green Revolution, India more or less became self-sufficient in the production of food grains. So, the need for reform of economic policy was widely felt in the context of changing the global economic scenario to achieve desired growth in the country.Q. Read the following statements - Assertion (

Read the following hypothetical text and answer the question that follow:The performance of the Indian economy during the period of first seven five-year plans (1950-1990) was satisfactory if not very impressive. On the eve of independence, India was an industrially backward country, but during this period of first seven plans our industries became far more diversified, with the stress being laid on the public investments in the industrial sector. The policy of import substitution led to protection of the domestic industries against the foreign producersbut we failed to promote a strong export surplus. Although public sector expanded to a large extent but it could not bring desired level of improvement in the secondary sector. Excessive government regulations prevented the natural trajectory of growth of entrepreneurship as there was no competition, no innovation and no modernization on the front of the industrial sector. Many Public Sector Undertakings (PSUs) incurred huge losses due to operational inefficiencies, red-tapism, poor technology and other similar reasons. These PSUs continued to function because it was difficult to close a government undertaking even it is a drain on country’s limited resources. On the Agricultural front, due to the measures taken under the Green Revolution, India more or less became self-sufficient in the production of food grains. So, the needs for reform of economic policy was widely felt in the context of changing global economic scenario to achieve desired growth in the country.Q. Mechanization of Indian agriculture was one of the causes of ___________ in India.

Top Courses for CommerceView all

Top Courses for Commerce

Which statement is false?a)On the eve of independence, agriculture was the principal occupation of people.b)Indian economy at the time of independence was an industrial economy.c)Railways was developed by the British Raj as a means to enlarge the size of market for the British India.d)Indian economy served as a source of raw material for the British industry and market for its finished goods.Correct answer is option 'B'. Can you explain this answer?
Question Description
Which statement is false?a)On the eve of independence, agriculture was the principal occupation of people.b)Indian economy at the time of independence was an industrial economy.c)Railways was developed by the British Raj as a means to enlarge the size of market for the British India.d)Indian economy served as a source of raw material for the British industry and market for its finished goods.Correct answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Which statement is false?a)On the eve of independence, agriculture was the principal occupation of people.b)Indian economy at the time of independence was an industrial economy.c)Railways was developed by the British Raj as a means to enlarge the size of market for the British India.d)Indian economy served as a source of raw material for the British industry and market for its finished goods.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which statement is false?a)On the eve of independence, agriculture was the principal occupation of people.b)Indian economy at the time of independence was an industrial economy.c)Railways was developed by the British Raj as a means to enlarge the size of market for the British India.d)Indian economy served as a source of raw material for the British industry and market for its finished goods.Correct answer is option 'B'. Can you explain this answer?.
Solutions for Which statement is false?a)On the eve of independence, agriculture was the principal occupation of people.b)Indian economy at the time of independence was an industrial economy.c)Railways was developed by the British Raj as a means to enlarge the size of market for the British India.d)Indian economy served as a source of raw material for the British industry and market for its finished goods.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of Which statement is false?a)On the eve of independence, agriculture was the principal occupation of people.b)Indian economy at the time of independence was an industrial economy.c)Railways was developed by the British Raj as a means to enlarge the size of market for the British India.d)Indian economy served as a source of raw material for the British industry and market for its finished goods.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Which statement is false?a)On the eve of independence, agriculture was the principal occupation of people.b)Indian economy at the time of independence was an industrial economy.c)Railways was developed by the British Raj as a means to enlarge the size of market for the British India.d)Indian economy served as a source of raw material for the British industry and market for its finished goods.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Which statement is false?a)On the eve of independence, agriculture was the principal occupation of people.b)Indian economy at the time of independence was an industrial economy.c)Railways was developed by the British Raj as a means to enlarge the size of market for the British India.d)Indian economy served as a source of raw material for the British industry and market for its finished goods.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Which statement is false?a)On the eve of independence, agriculture was the principal occupation of people.b)Indian economy at the time of independence was an industrial economy.c)Railways was developed by the British Raj as a means to enlarge the size of market for the British India.d)Indian economy served as a source of raw material for the British industry and market for its finished goods.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Which statement is false?a)On the eve of independence, agriculture was the principal occupation of people.b)Indian economy at the time of independence was an industrial economy.c)Railways was developed by the British Raj as a means to enlarge the size of market for the British India.d)Indian economy served as a source of raw material for the British industry and market for its finished goods.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Commerce tests.
Explore Courses for Commerce exam

Top Courses for Commerce

Explore Courses

Suggested Free Tests

Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Get App
© EduRev
Education Revolution
Follow Us
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup