GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The nature of Indian economy before the advent of the British rule was:
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dependent
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independent
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developing
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mixed
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Explanation:
Detailed explanation-1: -Before independence, India’s economy was solely dependent upon agriculture. 85 percent of the Indian population were rural and their main source of subsistence was agriculture.
Detailed explanation-2: -India at the time of independence was an agrarian economy (A country where primary sector is responsible for 50% of the GDP, but now it is not so even though a large number of people still depend on primary sector for employment).
Detailed explanation-3: -Agrarian Economy – Indian economy under the British rule was fundamentally agrariane. about 85 per cent of the country’s population lived mostly in villages and derived livelihood directly or indirectly from AGRICULTURE.
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