GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Stagnant
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Backward
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Underdeveloped
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All of these
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Detailed explanation-1: -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.
Detailed explanation-2: -India had an independent economy before the advent of the British rule. Though agriculture was the main source of livelihood for most people, yet, the country’s economy was characterised by various kinds of manufacturing activities.
Detailed explanation-3: -Stagnant economy: There was very slow or no economic growth in the country. As a result of stagnation, there was unemployment, death, and suffering due to lack of food. 2. Backward economy: Indian economy was a backward and per capita income was very low and in India, it was just Rs. 230 from 1947-1948.