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Class 11 Commerce Indian Economy — practice questions

Explore 6 free Indian Economy questions in Class 11 Commerce Economics. Open each question or exercise to read its content, reference answers and available explanation.

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Indian Economy questions and exercises with answers

Showing questions 1–6 of 6.

Under colonial rule, the British transformed India primarily into aRead the answer and worked solution →The 'drain of wealth' theory during colonial India is most associated withRead the answer and worked solution →The decline of India's handicraft industries under British rule led toRead the answer and worked solution →The opening of the Suez Canal (1869) affected India's economy byRead the answer and worked solution →During the colonial period, the Indian economy was characterised byRead the answer and worked solution →Most of India's foreign trade during the colonial era was restricted toRead the answer and worked solution →

Worked practice questions

Under colonial rule, the British transformed India primarily into a

  1. self-sufficient manufacturing economy
  2. supplier of raw materials and importer of finished goods
  3. major industrial exporter
  4. leading capital-goods producer
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Correct answer: B. supplier of raw materials and importer of finished goods

Colonial policy made India export raw materials (cotton, jute, indigo) and import British finished goods, serving Britain's interests.

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The 'drain of wealth' theory during colonial India is most associated with

  1. B.R. Ambedkar
  2. Dadabhai Naoroji
  3. Mahatma Gandhi
  4. Jawaharlal Nehru
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Correct answer: B. Dadabhai Naoroji

Dadabhai Naoroji expounded the 'drain of wealth' theory, arguing that India's resources were systematically transferred to Britain without adequate return.

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The decline of India's handicraft industries under British rule led to

  1. de-industrialisation and mass unemployment
  2. a manufacturing boom
  3. rapid industrial growth
  4. increased handicraft exports
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Correct answer: A. de-industrialisation and mass unemployment

Cheap British machine-made imports destroyed indigenous handicrafts, causing de-industrialisation and large-scale artisan unemployment.

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Indian Economy 1950-1990Introduction to StatisticsMeasures of Central TendencyIndex Numbers