- Decline of Traditional Handicrafts: British policies led to the decline of India's flourishing handicraft industries, causing artisans to lose their livelihoods.
- Increase in Agricultural Dependence: The majority of the workforce was forced into agriculture as the only source of employment, leading to stagnation in the sector.
- Emergence of Plantation Industries: Tea, coffee, and indigo plantations grew under British rule, with most profits being repatriated to Britain.
- Limited Industrial Development: British rule did not promote modern industries in India, keeping the occupational structure largely unbalanced.
Read the following statements carefully:
Statement 1: Expost savings and Expost investments are equal at all levels of income.
Statement 2: Under the effective demand principle, the equilibrium output is equal to exante Aggregate Demand (AD). In the light of the given statements, choose the correct alternative from the following:
The measurement of Balance of Payments deficit is based on ……. transactions.
If in an economy the initial deposits are Rs.4,000 crore and Reserve Ratio (RR) is 10 percent. The value of total deposit created would be Rs. ______ crore.