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Q86 (CDS-II/2015) History & Culture › Modern India (Pre-1857) › Colonial economic impact Answer Verified

Which one of the following statements with regard to India’s economy between 1814 to 1860 is not correct?

Result
Your answer: —  ·  Correct: B
Explanation

Between 1814 and 1850, India's export profile was dominated by four primary commodities: raw silk, opium, cotton, and indigo [1]. During this period, the British East India Company transitioned India from an exporter of finished textiles to a supplier of raw materials for British industries [2]. While jute eventually became a major export from Bengal, its significant commercial expansion occurred later in the 19th century; in 1829, jute exports were negligible, and the massive acreage expansion only began after 1850. Therefore, statement 2 is incorrect as jute did not dominate the export basket alongside the other four during the 1814–1860 period. Indigo and raw silk were indeed financed by foreign capital and required specific processing techniques, such as the extraction of blue dye from leaves and silk reeling, often involving coercion of local peasantry by European planters.

Sources

  1. [1] Modern India ,Bipin Chandra, History class XII (NCERT 1982 ed.)[Old NCERT] > Chapter 5: The Structure of the Government and the Economic Policies of the British Empire in India, 1757—1857 > British Economic Policies in India, 1757-1857 > p. 98
  2. [2] Geography of India ,Majid Husain, (McGrawHill 9th ed.) > Chapter 11: Industries > COTTON TEXTILE INDUSTRY > p. 8
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