GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Semi-feudal economy
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Urbanized economy
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Industrial economy
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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. Most of the economy was part of the unorganised sector.
Detailed explanation-2: -Answer: Under British rule, the semi-feudal economy corresponds to the ‘Zamidari Pratha’ Under this scheme, Zamindars kept a piece of land and allowed their farmers or servants or Naukars under bureaucracy to farm and produce products for them.
Detailed explanation-3: -Lopsided Industrial Structure The growth of the Industrial Sector during British rule was lopsided and unbalanced. It is because of two main reasons: lack of encouragement by Britishers for the growth of heavy industries in India, and lack of permission of Industry modernization to the Indian Industrialists.