Q. Which of the following statements is/ are correct regarding the rapid transformation of the Indian economy, under the forceful thrust of British rule?
1. Indian economy was transformed into a colonial economy in the 19th century whose structure was determined by Britain’s fast-developing industrial economy.
2. The influx of cheap Indian products into England gave a great blow to the English textile industries.
3. The 19th century saw the collapse of the traditional Indian village economy and fresh economic alignment along commercial lines.
Select the correct answer using the code given below :
Answer:
Only 1 and 3
Notes: Indian economy was transformed into a colonial economy in the 19th century whose structure was determined by Britain’s fast-developing industrial economy. It also witnessed the collapse of the traditional Indian village economy and fresh economic alignment along commercial lines.