GENERAL KNOWLEDGE

GK

INDIAN ECONOMY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What was the nature of the Indian economy on the eve of independence?
A
Backward
B
Stagnant
C
Underdeveloped
D
All of the above
Explanation: 

Detailed explanation-1: -The Indian economy was an agro-based economy on the eve of independence. 75% of the Indian population was earning a livelihood from agriculture. Despite being a primary source of income for a major population, this sector faced a decline under the British rule.

Detailed explanation-2: -At the time of independence, Indian economy was predominantly agricultural economy. irrigation purposes. No improved methods of production were used to cultivate crops.

There is 1 question to complete.