2014 · Q82
Under the forceful thrust of British rule, a rapid transformation of the Indian economy took place. In this context, which of the following statements is/are correct?
- 1Indian economy was transformed into a colonial economy in the 19th century whose structure was determined by Britain's fast developing industrial economy.
- 2The influx of cheap Indian products into England gave a great blow to English textile industries.
- 3The 19th century saw the collapse of the traditional Indian village economy and fresh economic alignment along commercial lines.
Select the correct answer using the code given below:
General KnowledgeHistory of India
- A1 and 3
- B1 only
- C2 only
- D1 and 2
Explanation
Britain's industrial economy reshaped India's into a colonial one and wrecked the village economy; cheap English goods hurt Indian textiles, not vice versa.