Indian Economy On The Eve Of Independence

Question 1

3 features of the Indian economy before colonisation

Answer 1

Prosperous
Agrarian
Well known handicraft industries

Question 2

Main reasons for stagnation in agricultural sector

Answer 2

Land settlement system
Commercialisation of agriculture
Low productivity
Lack of investment

Question 3

Reasons of stagnation of industrial sector

Answer 3

De-industrialisation
Adverse effects- unemployment
Lack of capital goods industries
Low contribution to GDP
Limited role of public sector

Question 4

State of foreign trade

Answer 4

Exporter of materials and importer of finished goods
Monopoly of British
Drain of Indian wealth

Question 5

Demographic condition during the British rule

Answer 5

High birth and death rate
Low literacy rate
High IMR
Low life expectancy
Widespread poverty
Poor health facilities

Question 6

Positive contributions of the British Rule

Answer 6

Growth of agriculture
Better means of transportation
Check on famines
Shift to monetary economy
Better administration