GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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India was merely an exporter of which kind of products on the eve of independence
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agricultural products
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Capital goods
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Primary sector products
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None of these
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Explanation:
Detailed explanation-1: -Under the colonial rule, India became an exporter of primary products such as raw silk, cotton, wool, sugar, indigo, jute, etc and an importer of finished consumer goods like cotton, silk and woollen clothes and capital goods like light machinery produced in the factories of Britain.
Detailed explanation-2: -Primary Sector This is where the agriculture sector comes into the picture since it is the most important and largest sector of the Indian economy.
Detailed explanation-3: -Indian economy on the eve of independence was primarily an agricultural economy though industries had also started to develop in different parts of the country. Most of the economy was part of the unorganised sector.
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