India’s Economy Before British Rule
What was the nature of India's economy before the advent of British rule?
- Fully industrialised
- Independent with various manufacturing activities — Correct Answer
- Dependent on foreign trade only
- Entirely based on mining
Explanation:
Correct Answer Explanation
India had an independent economy before the British. Though agriculture was the main source of livelihood, the economy was characterised by various kinds of manufacturing activities.
Key Points:
- Famous for handicraft industries — cotton, silk textiles, metal, precious stones.
- Products enjoyed a worldwide market.
- High standards of craftsmanship and fine quality materials.
📚 About this Topic — CH-1: INDIAN ECONOMY ON THE EVE OF INDEPENDENCE
This multiple choice question is from CH-1: INDIAN ECONOMY ON THE EVE OF INDEPENDENCE, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-1: INDIAN ECONOMY ON THE EVE OF INDEPENDENCE to strengthen your preparation.
