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

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Q: 86 (CDS-II/2015)

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

question_subject: 

Economics

question_exam: 

CDS-II

stats: 

0,42,84,42,39,11,34

keywords: 

{'commodities': [0, 2, 2, 1], 'economy': [1, 3, 8, 35], 'exports': [0, 0, 2, 1], 'raw silk': [0, 0, 0, 1], 'india': [8, 1, 7, 13], 'opium': [1, 0, 0, 0]}

In option 1, it is stated that between 1814 and 1850, four commodities dominated India`s exports - raw silk, opium, cotton, and indigo. This statement is not correct. The correct answer is option 2, which states that between 1814 and 1860, five commodities dominated India`s exports - raw silk, opium, cotton, indigo, and jute.

Option 3 mentions that indigo and raw silk required processing techniques. This is a correct statement. Both indigo and raw silk needed to go through specific processes to be prepared for exportation.

Option 4 states that indigo and raw silk were financed by foreign capital. This is also a correct statement. During this time period, foreign investors played a significant role in financing the production and exportation of indigo and raw silk.

Alert - The correct answer should be: 2 Between 1814 and 1860, five commodities dominated India’s exports—raw silk, opium, cotton, indigo, and jute.