Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy on the Eve of Independence

Question:
Out of the following options, whose estimates of national income during the colonial period came out to be very significant?
Options:
William Digby
Dadabhai Naoroji
Vijayendra Kasturi Ranga Varadaraja Rao
R. C. Desai
Correct Answer:
Vijayendra Kasturi Ranga Varadaraja Rao
Explanation:
The colonial government's entire focus was to make their economy strong by exploiting Indian resources. Thus, they never made any conscious efforts to calculate the Indian national income or per capita income. Few economists including Dadabhai Naoroji, R.C Desai and V.K.R.V. Rao made an attempt for the same out of which it was Rao whose estimates were significant enough.