12th Class Economics Indian Economy On The Eve Of Independence Question Bank MCQs - Indian Economy on the Eve of Independence

  • question_answer
    Indian economy on the eve of independence is characterised as

    A) Stagnant economy

    B) Backward economy

    C) Colonial economy

    D) All of the above

    Correct Answer: D

    Solution :

    India was characterised as a stagnant economy due to its low growth rate of GDP and GDP per capita; a backward economy as evident through its poor performance of demographic indicators and a colonial economy as British exerted their political and economic will over India.


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