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Three Stages of Colonization in India - Merchantile, Industrial & Financial - History, UPSC Mains Exam Video Lecture
FAQs on Three Stages of Colonization in India - Merchantile, Industrial & Financial - History, UPSC Mains Exam Video Lecture
| 1. What were the three stages of colonization in India? |  |
| 2. What characterized the Mercantile stage of colonization in India? | |
Ans. The Mercantile stage of colonization in India was characterized by the establishment of European trading companies, such as the British East India Company, who primarily focused on trade and exploitation of Indian resources.
| 3. What defined the Industrial stage of colonization in India? | |
Ans. The Industrial stage of colonization in India was marked by the establishment of British industries in India, including textile mills and factories, which led to the deindustrialization of India and the promotion of British goods.
| 4. What was the significance of the Financial stage of colonization in India? | |
Ans. The Financial stage of colonization in India was characterized by the dominance of British financial institutions, such as banks and insurance companies, which controlled the Indian economy and facilitated the flow of capital back to Britain.
| 5. How did the three stages of colonization impact India's economy and resources? | |
Ans. The three stages of colonization had a significant impact on India's economy and resources. The Mercantile stage led to the exploitation of Indian resources for trade, while the Industrial stage resulted in the decline of indigenous industries. The Financial stage further consolidated British control over India's economy, leading to the drain of wealth from the country.
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Mar 10, 2025
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