Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below:
Assertion (A): India could not develop a sound Industrial-base during the British rule.
Reason (R): Britishers followed restrictive trade policies, which strengthened Indian handicraft industries.
- Assertion (A) is true: During the British rule, India could not develop a strong industrial base. The British focused on extracting resources from India and promoting industries that benefited Britain rather than India.
- Reason (R) is false: The British followed restrictive policies that actually undermined India's handicraft industries rather than strengthening them. Policies such as heavy tariffs on Indian goods and the promotion of British manufactured goods led to the decline of India's traditional industries.
Conclusion: Since Assertion (A) is correct but Reason (R) is false, option (C) is the correct answer.
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: