GENERAL KNOWLEDGE

GK

INDIAN ECONOMY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following was the main source of livelihood before the advent of the British rule?
A
handicrafts
B
service sector
C
agriculture
D
manufacturing
Explanation: 

Detailed explanation-1: -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-2: -Before the British colonial period, Indian agriculture was dominated by subsistence farming organized in small village communities. The farmer usually only grew enough food to feed himself and the non-agricultural people of the village community.

Detailed explanation-3: -India is an agro based economy i.e., a lot of industries depend on agriculture. People in villages depend on agriculture for their livelihood.

Detailed explanation-4: -Agriculture plays a vital role in the Indian economy. Over 70 per cent of the rural households depend on agriculture. Agriculture is an important sector of Indian economy as it contributes about 17% to the total GDP and provides employment to over 60% of the population.

There is 1 question to complete.