Practicing Success

Target Exam

CUET

Subject

Sociology

Chapter

Indian Society: Market as a social Institution

Question:
Select a correct statement from the options regarding colonialism and the Indian Market.
Options:
British colonialism established local markets. This resulted in the flourishing of handicrafts.
In the precolonial era, India was a significant exporter of manufactured goods, while colonialism converted India into a supplier of raw materials and consumer of manufactured goods from britain.
both 1 and 2
None of the above
Correct Answer:
In the precolonial era, India was a significant exporter of manufactured goods, while colonialism converted India into a supplier of raw materials and consumer of manufactured goods from britain.
Explanation:
Before being colonised by the British, India was a major supplier of manufactured goods to the world market. After colonisation, she became a source of raw materials and agricultural products and a consumer of manufactured goods, both largely for the benefit of industrialising England.