Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy on the Eve of Independence

Question:

Which of the following are true?
Before the advent of British rule,
a) India was an independent economy.
b) Manufacturing sector was the main source of livelihood.
c)India was known for its handicraft industries worldwide.

Options:

b) and c)

a), b) and c)

a) and c)

None of the above

Correct Answer:

a) and c)

Explanation:

The correct answer is option 3: a) and c)

a) India was an independent economy. This is correct.
b)
Manufacturing sector was the main source of livelihood. This is incorrect. The main sector for employment was agriculture in India
c)
India was known for its handicraft industries worldwide.This is correct.

"India had an independent economy before the advent of the British rule. Though agriculture was the main source of livelihood for most people, yet, the country’s economy was characterised by various kinds of manufacturing activities. India was particularly well known for its handicraft industries in the fields of cotton and silk textiles, metal and precious stone works etc. These products enjoyed a worldwide market based on the reputation of the fine quality of material used and the high standards of craftsmanship seen in all imports from India"