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With reference to the nineteenth century Indian economy, consider the following statements:
Statement-I: The poverty of India during this period can be mainly attributed as the remnant of the Mughal period and of the pre-British past.
Statement –II: Britain subordinated the Indian economy to its own economy and determined the basic social trends in India according to her own needs.
Which one of the following is correct in respect of the above statements?
  • a)
    Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
  • b)
    Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
  • c)
    Statement-I is correct but StatementII is incorrect
  • d)
    Statement-I is incorrect but Statement-II is correct
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
With reference to the nineteenth century Indian economy, consider the ...
The poverty of India was not a product of its geography or of the lack of natural resources, or of some „inherent‟ defect in the character and capabilities of the people. Nor was it a remnant of the Mughal period or of the pre-British past. It was mainly a product of the history of the last two centuries.
Before that, India was no more backward than the countries of Western Europe. Nor were the differences in the standards of living at the time very wide among the countries of the world. Precisely during the period that the countries of the West developed and prospered, India was subjected to modern colonialism and was prevented from developing.
The basic fact is that the same social, political and economic processes, that produced industrial development, and social and cultural progress in Britain, also produced, and then maintained economic underdevelopment, and social and cultural backwardness in India. The reason for this is obvious. Britain subordinated the Indian economy to its own economy and determined the basic social trends in India according to her own needs. The result was stagnation of India‘s agriculture and industries.
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With reference to the nineteenth century Indian economy, consider the following statements:Statement-I: The poverty of India during this period can be mainly attributed as the remnant of the Mughal period and of the pre-British past.Statement –II: Britain subordinated the Indian economy to its own economy and determined the basic social trends in India according to her own needs.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-Ib)Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-Ic)Statement-I is correct but StatementII is incorrectd)Statement-I is incorrect but Statement-II is correctCorrect answer is option 'D'. Can you explain this answer?
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With reference to the nineteenth century Indian economy, consider the following statements:Statement-I: The poverty of India during this period can be mainly attributed as the remnant of the Mughal period and of the pre-British past.Statement –II: Britain subordinated the Indian economy to its own economy and determined the basic social trends in India according to her own needs.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-Ib)Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-Ic)Statement-I is correct but StatementII is incorrectd)Statement-I is incorrect but Statement-II is correctCorrect answer is option 'D'. Can you explain this answer? for Class 1 2024 is part of Class 1 preparation. The Question and answers have been prepared according to the Class 1 exam syllabus. Information about With reference to the nineteenth century Indian economy, consider the following statements:Statement-I: The poverty of India during this period can be mainly attributed as the remnant of the Mughal period and of the pre-British past.Statement –II: Britain subordinated the Indian economy to its own economy and determined the basic social trends in India according to her own needs.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-Ib)Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-Ic)Statement-I is correct but StatementII is incorrectd)Statement-I is incorrect but Statement-II is correctCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 1 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the nineteenth century Indian economy, consider the following statements:Statement-I: The poverty of India during this period can be mainly attributed as the remnant of the Mughal period and of the pre-British past.Statement –II: Britain subordinated the Indian economy to its own economy and determined the basic social trends in India according to her own needs.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-Ib)Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-Ic)Statement-I is correct but StatementII is incorrectd)Statement-I is incorrect but Statement-II is correctCorrect answer is option 'D'. Can you explain this answer?.
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