Question : Which of the following statement is correct?

• Indian economy was a stagnant economy on the eve of independence.
• During the first half of 20 century the growth rate was less than 2%.

Question : Which of the following statement is correct?

• British rule resulted in huge drain of wealth from India.
• They discouraged commercialisation of Indian agriculture to transform Indian economy into a British economy.

Question : Which of the following statement is correct?

• Low level of productivity, high birthdate and death rate, mass literacy what is the reason of backwardness of Indian economy.
• Indian economy was not only backward but also under developed at the end of

Question : Which of the following statement is correct?

• Post and telegram was the least popular means of communication.
• Postal services remained inadequate.

Question : Which of the following statement is correct?

• Only gross demand deposits are part of money supply.
• Bank money is non-legal tender money.