Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy on the Eve of Independence

Question:

Match the following: 

1. Dadabhai Naoroji A.  Birth rate,  death rate 
2. Demographic condition B. Crops sold for cash
3. Commercialization in the agriculture sector C. Estimation of national income
4. Capital goods D. Industrialization 
Options:

1-D, 2-A, 3-C, 4- B

1-A, 2-D, 3-B, 4- C

1-D, 2-C, 3-B, 4- A

1-C, 2-A, 3-B, 4- D

Correct Answer:

1-C, 2-A, 3-B, 4- D

Explanation:
  1. Among the notable estimators — Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao, and R.C. Desai — it was Rao, whose estimates during the colonial period was considered very significant.
  2. The demographic condition indicates the information relating to death rate, birth rate, infant mortality rate, etc.
  3. Britishers introduced commercialization in the agriculture sector i.e. crops produced were now sold for cash to other people. As earlier farmers produced only for consumption purposes.
  4. Capital Goods are related to the industrialization process.