Colonial Government and National Income
What was the colonial government's attitude towards estimating India's national income?
- They conducted regular and accurate estimates
- They never made any sincere attempt to estimate it — Correct Answer
- They hired economists exclusively for this purpose
- They published annual income reports
Explanation:
Correct Answer Explanation
The colonial government never made any sincere attempt to estimate India's national and per capita income.
Key Points:
- Only individual attempts were made by economists.
- These yielded conflicting and inconsistent results.
- Notable estimators: Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao, R.C. Desai.
📚 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.
