British Economic Impact on India

The video discusses the economic impact of British rule in India, highlighting the transformation of India's economy into a colonial one. It covers phases of economic exploitation, including commercial, industrial, and financial capitalism. The video also examines the economic impact on agriculture, industry, and trade, leading to impoverishment and de-industrialization. Key critics of British policies, such as Raja Ram Mohan Roy and Dadabhai Naoroji, are mentioned. The video concludes with practice questions for exams.

What was the primary economic transformation in India due to British rule?

• Development of a colonial economy

• Increase in agricultural productivity

• Industrialization of local industries

• Expansion of Indian trade in Europe

During the phase of commercial capitalism, what was the main objective of the British?

• To develop Indian agriculture

• To establish a monopoly on trade with India

• To invest in Indian infrastructure

• To promote Indian textiles in Europe

What characterized the phase of industrial capitalism in India?

• Development of Indian railways

• Focus on local craftsmanship

• Introduction of heavy industries

• India as a market for British goods

Which of the following was a result of financial capitalism in India?

• Reduction in agricultural exports

• Construction of railways and telegraphs

• Expansion of Indian textile industry

• Decline in British investments

What was a major consequence of British policies on Indian agriculture?

• Development of new crop varieties

• Impoverishment of peasants

• Modernization of farming techniques

• Increase in agricultural exports

How did commercialization affect Indian agriculture under British rule?

• It reduced the dependency on British goods

• It resulted in the growth of plantation crops

• It increased the wealth of Indian farmers

• It led to self-sufficiency in food production

What was a significant impact of British policies on Indian industries?

• Increase in local employment

• Destruction of textile and shipbuilding industries

• Growth of the steel industry

• Revival of traditional crafts

Which industry was most affected by the de-industrialization under British rule?

• Steel industry

• Textile industry

• Chemical industry

• Automobile industry

Who was a prominent critic of British economic policies in India?

• Rabindranath Tagore

• Mahatma Gandhi

• Dadabhai Naoroji

• Jawaharlal Nehru

What theory did Dadabhai Naoroji propose regarding British economic impact?

• Theory of Industrialization

• Colonial Trade Theory

• Drain of Wealth Theory

• Theory of Agricultural Development