GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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to increase production of capital goods
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to increase handicraft business
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to increase the country’s supply of finished consumer goods
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to reduce the country to being a raw material supplier for Britain
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Detailed explanation-1: -The sole purpose of the British colonial rule in India was to reduce the country to being a feeder economy for Great Britain’s own rapidly expanding modern industrial base.
Detailed explanation-2: -The basic purpose of the British colonial rule over India was to compliment and serve the industrialisation process in Britain. In this regard, the sole aim of the colonial government was to reduce India to a mere supplier of the raw materials for the betterment and advancement of their home country.
Detailed explanation-3: -The economic policies pursued by the colonial government in India were concerned more with the protection and promotion of the economic interests of their home country than with the development of the Indian economy.