1.Assertion (A): Zamindari system brought instability to Indian cultivation during the British rule. Reason (R): Zamindari system led to frequent of the tillers of the soil :
2.Assertion (A): India became an exporter of primary products and importer of finished products from britain. Reason (R): Restrictive policies of commodity production, trade and tariff pursued by the colonial government adversely affected the structure, composition and volunm of India's foreign trade.
3.Assertion (A): Tata Iron and Steel company (TISCO) was incorporated in 1907. Reason (R): The opening of Suez Canal in 1869 reduced the cost of transportation and made access to the Indian market easier.
4.Assertion (A): During the British rule the production of cash crops improved the economic condition of farmers. Reason (R): Farmers were given higher prices to produce cash crops.
5.Assertion (A): Prior to 1921, India was in the first stage of demographic transition. Reason (R): The second stage of demographic transition began after 1921.
6.Assertion (A): On the eve of independence, agriculture was the principal source of livelihood. Reason (R): On the eve of independence, Indian economy was a feudal economy.
7.Assertion (A): Decline of Handicraft industry led to increase in imports manufactured goods from Britain. Reason (R): The Indian made goods could not withstand the foreign competition of machine made cheap goods.
8.Assertion (A): Spread of railways led to expansion of the market for the British products in India. Reason (R): Spread of railways opened up only new opportunities of economic growth.
9.Assertion (A): The infrastructure facilities during British rule were highly developed. Reason (R): The main motive behind infrastructural development was to serve various colonial interest.
10.Assertion (A) farmers of India were forced to take up the cultivation of indigo. Reason (R): The dying and bleaching of textile in the textile industry of Britain required indigo.
11.Assertion (A): During the colonial rule india's exports exceeded imports which resulted in a surplus of the balance of trade. Reason (R): Trade surplus was used for the development of the Indian Economy.
12.Assertion (A): The tillers of the soil agricultural practice merely as a source of subsistence. Reason (R): The tillers of soil accumulated resources to invest in agriculture while the owners of the soil showed keen interest in the same.
13. Assertion (A): 1921 is regarded as the 'Year of Great divide'. Reason (R): After 1921, the total population in India never declined.
14.Assertion (A): there were systematic de-industrialization of Indian industries during British rule. Reason (R): Indian economy was used as a source of raw material and a market for sale of final goods in order to exploit Indian economy.
15.Assertion (A): India was more of a consumer than a supplier of materials for finished goods. Reason (R): British economic policies were more directed towards their own economic interest.
16.Assertion (A): The British government established a monopoly control over India's foreign trade. Reason (R): The opening of Suez Canel did not act as a determinant to promote trade with Britain.
17.Assertion (A): There was hardly any capital goods industry to promote further industrialization in India. reason (R): Machinery and manufacturing equipment fall under the category of capital goods.
18.Assertion (A): there was lesser availability of land per head of farming population. Reason (R): The occupational structure on the eve of independence showed greater dependence on agriculture.
19.Assertion (A): At the time of independence, the agricultural sector was facing deficient labour and high productivity. Reason (R): Foreign trade was oriented to feed the industrial revolution in Britain.
20.Assertion (A): British levied heavy tariffs on imports from Britain to India. Reason (R): Under the colonial rule, Indian handicraft sector suffered a massive decay.
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