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Finish Line & Beyond Q1. What was the focus of economic policies pursued by the colonial government in India? What were the impacts of these policies? Answer: The focus of economic policies pursued by the colonial government in India was to reduce the country to being a feeder economy for Great Britain’s own rapidly expanding modern industrial base. Those policies were more concerned with the protection and promotion of the economic interests of their home country than the development of the Indian economy. The impacts of those policies are as follows: - our country became the net supplier of raw materials and consumer of finished goods from Britain. - Insignificant growth in GDP, National and Per Capita Income. - Lack of Industrialization, etc. Q2. Name some notable economists who estimated India’s per capita income during the colonial period. Answer: Name of some of the notable economists who estimated India’s per capita income during the colonial period are as follows: - - Dadabhai Naoroji, - William Digby, - Findlay Shirras, - V.K.R.V. Rao and - R.C. Desai. Among these it was Rao whose estimates of the national and per capita incomes during the colonial period were considered very significant. Q3. What were the main causes of India’s agricultural stagnation during the colonial period? Answer: The main causes of India’s agricultural stagnation during the colonial period are as follows: - - Faulty systems of land settlement that were introduced by the colonial government, particularly the zamindari system. - The profit accruing out of the agriculture sector went to the zamindars instead of the cultivators. However, the zamindars, did nothing to improve the condition of agriculture. The main interest of the zamindars was only to collect rent regardless of the economic condition of the cultivators. - The terms of revenue settlement were rigid. Dates for depositing specified sums of revenue were fixed, failing which the zamindars were to lose their rights. - Low levels of technology. - Lack of irrigation facilities. - Negligible use of fertilizers. Q4. Name some modern industries which were in operation in our country at the time of independence. www.excellup.com ©2009 send your queries to enquiry@excellup.com
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