CBSE 2021 Class 12 Economics Term 1 Paper

Question : 24

Total: 60

Identify the correct statement from the following:

India developed sound industrial base under the colonial rule.
India had very developed capital goods industries structure on the eve of independence.
Under the colonial rule, India generated export surplus.
The real motive of development of infrastructure under the British rule was to ensure development of India.

Solution:

(c) Under the colonial rule, India generated export surplus.
Explanation: Under the colonial rule, India generated export surplus which led to the economic drain of India wealth Britishers used this surplus to make payments for the expense to set up colonial government. As they spent all the surplus for then only but not for Indian society or peoples welfare that affect the Indian society particularly the peasants.

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