Two statements are given, one is labelled as Assertion (A) and the other as Reason (R): Assertion (A) Colonialism transformed India from a supplier to consumer of manufactured goods. Reason (R). Economic transformation of India begun only with the advent of colonialism.

Both (A) and (R) are true and (R) is the correct explanation for (A) Both (A) and (R) are true and (R) is not the correct explanation for (A) (A) is true , but (R) is false Economic transformation of India begun only with the advent of colonialism.

(A) is true , but (R) is false

Recent historical research has shown that much of India’s economy was already extensively monetised (trade was carried out using money) in the late pre-colonial period. And while various kinds of non-market exchange systems (such as the ‘jajmani system’) did exist in many villages and regions, even during the precolonial period villages were incorporated into wider networks of exchange through which agricultural products and other goods circulated