Indian Economy On The Eve of Independence – MCQs. Class 12 Economics Indian Economy on the Eve of Independence MCQs with Answers and bullet points help you comprehend the concepts provided in Class 12 Economics chapter-wise MCQs. We will help you in gaining complete knowledge of the concepts. MCQ Questions for Class 12 Economics with Answers. This MCQ solution helps you gain an extra understanding of various aspects of the Indian Economy on the eve of Independence provided in the topic of the Class 12 economics textbook. Resource material that top teachers and students recommend. We advise you to take advantage of this class 12 economics MCQ with answers.
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Important Multiple Choice Questions (MCQs) of Indian Economy on the eve of Independence
We have provided Indian Economy on the eve of Independence Class 12 Eco MCQs Questions with Answers to help students understand the concept very well. Practice MCQ Questions for Class 12 Eco with Answers daily and score well in exams. Refer to the Eco Class 12 MCQs Questions with Answers here along with a detailed explanation.
Also Read: Class 12 chapter-wise MCQ
Here are 5 bullet points related to the Indian economy on the eve of independence for Class 12 Economics:
- India’s economy on the eve of independence was characterized by low levels of industrialization and a predominantly agricultural economy.
- The colonial government pursued policies that favored the interests of British industries and led to the exploitation of India’s natural resources.
- The economy of our country was also adversely affected by the world economic depression of the 1930s, which led to a decline in exports and a fall in agricultural prices.
- The development of industries in India was hindered by a lack of capital, infrastructure, and technological know-how. Industries of our country were also subject to competition from British industries, which enjoyed the advantage of economies of scale.
- The economy of our country at the time of independence was marked by poverty, unemployment, and inequality, with a large section of the population living in dire economic conditions. The task of nation-building and economic development lay ahead for the newly independent nation.
Below we have embedded class 12 Economics multiple choice questions—question papers prepared by the most experienced teachers. If you have any doubts about solving the below questions then visit our YouTube channel Academic Excellence in School and watch the free video tutorials.
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