Which of the following were economic impacts of British capitalist colonialism on India?

1. Decline of traditional handicraft industries
2. Changes in land ownership laws and cropping patterns
3. Alteration of production and distribution systems

1,2 and 3

The correct answer is Option 4: 1, 2 and 3.

Statement 1: Decline of traditional handicraft industries — Correct. The expansion of British manufacturing affected traditional Indian industries. Indian cotton and silk manufactures declined due to competition from British manufactured goods, especially those produced in Manchester.

Statement 2: Changes in land ownership laws and cropping patterns — Correct. British colonialism directly interfered in agriculture by changing land ownership laws and deciding which crops should be grown and which should not.

Statement 3: Alteration of production and distribution systems — Correct. British colonial policies changed the way goods were produced and distributed by interfering with manufacturing and economic activities to strengthen British capitalism.