Which of the following statements correctly explains the impact of Industrial Revolution on India during the first half of the nineteenth century?

UPSC Prelims & Mains Questions

Which of the following statements correctly explains the impact of Industrial Revolution on India during the first half of the nineteenth century?

A)

Indian handicrafts were ruined.

B)

Machines were introduced in the Indian textile industry in large numbers.

C)

Railway lines were laid in many parts of the country.

D)

Heavy duties were imposed on the imports of British manufactures.

Correct Answer : Indian handicrafts were ruined.

Note :

Deindustrialisation of Indian traditional cottage and handicraft industry was a direct consequence of industrial revolution in England along with colonization of India. Thus, statement (a) is correct.

Machines were not introduced in Indian textile industry in large number in the first half of the 19th century. Rather the modern textile mills with imported machinery started taking baby steps in 1850s in Bombay, Ahmedabad and Calcutta. Only after the first world war that Indian industrialization started taking fast steps. Thus, statement (b) is not correct.

The first railway line in India was laid between Bombay and Thane in 1853. Railway expansion was relatively slow even till mid-1860. Only in the latter half of the 19th century that Railway expansion gathered space in India. Thus, statement (c) is not correct.

India acted as a captive market for British industrial goods. Rather, the colonial economic policy was of one-way free trade in which British manufacture was dumped at a very cheap rate in India. Thus, statement (d) is not correct.

Year : 2020

Category : General Studies

Recently Updated in UPSC Questions

Q.

With reference to 'IFC Masala Bonds', sometimes seen in the news, which of the statements given below is/ are correct? (2016)

1. The International Finance Corporation, which offers these bonds, is an arm of the World Bank.

2. They are rupee-denominated bonds and are a source of debt financing for the public and private sector.

Select the correct answer using the code given below:

A)

1 only

B)

2 only

C)

Both 1 and 2

D)

Neither 1 nor 2

Correct Answer : Option (C) - Both 1 and 2

Note :

* The World Bank Group, which is a vital source of financial and technical assistance to developing countries, consists of five distinct yet complementary organizations, viz.,

* International Bank for Reconstruction and Development (IBRD),

* International Development Association (IDA),

* International Finance Corporation (IFC), hence, statement 1 is correct.

* Multilateral Investment Guarantee Agency (MIGA),

* International Centre for Settlement of Investment Disputes (ICSID).

* Masala Bonds are rupee-denominated borrowings issued by Indian entities in overseas markets. Masala means ‘spices’ and the term was used by International Finance Corporation (IFC) to popularise the culture and cuisine of India on foreign platforms. The objective of Masala Bonds is to fund infrastructure projects in India, fuel internal growth via borrowings and internationalize the Indian currency. Hence, statement 2 is correct.

Year : 2022

Category : General Studies

Q.

Consider the following statements:

1. The Accelerated Irrigation Benefits Programme was launched during 1996-97 to provide loan assistance to poor farmers.

2. The Command Area Development Programme was launched in 1974-75 for the development of water-use efficiency,

Which of the statements given above is/ are correct?

A)

1 only

B)

2 only

C)

Both 1 and 2

D)

Neither 1 nor 2

Correct Answer : Option (B) - 2 only

Note :

The Accelerated Irrigation Benefits Programme (AIBP) was launched in 1996 as a central assistance programme, with the aim to accelerate creation of irrigation potential.

The Command Area Development (CAD) programme was initiated in 1974-75 with a view to bridging the gap between the potential created and its utilisation and optimising agricultural productivity through better management of land and water use in the command areas served by selected major and medium irrigation projects.

Year : 2015

Category : General Studies

Advertisement