12 Questions
What was the per capita income in India in 1947-48?
$230
What sector dominated the Indian economy as the principal source of livelihood?
Agriculture
What was the percentage of population living in urban areas at the time of independence?
14%
Which sector suffered from low productivity and had a low contribution to GDP?
Agricultural Sector
What contributed significantly to poverty in India at the time of independence?
Widespread Unemployment
Which term describes the Indian economy on the eve of independence as having a mixture of feudalistic and capitalist modes of production?
Mixed Economy
What characterized the Indian economy on the eve of independence?
Stagnant
Who were some notable individuals who attempted to estimate India's national and per capita income?
Dadabhai Naoroji
What was the growth rate of India's per capita output per year during the first half of the twentieth century?
0.5%
How did the British government influence India's foreign trade?
Restructured in favor of the British economy
Which sector was destroyed by exploiting the domestic market for British products?
Agricultural sector
What impact did the British rule have on India's economy?
Changed from vibrant to stagnant and backward
Test your knowledge on the impact of British rule on the Indian economy, including exploitation of the agricultural sector, destruction of local industries, and trade policies that favored British products. Prepare for questions related to the economic consequences of British colonialism in India.
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