EPFO EO/AO 2017 • General Ability Test • Q.31

EPFO EO/AO • General Ability Test • 2017 • Q.31

Indian EconomyMedium

Which of the following was/were the reason/ reasons for the lack of economic development in India in the 19th century?

Officially the British Government was committed to a policy of laissez-faire, but it was actually a policy of discriminatory intervention.

European entrepreneurs had connections to banks and agency houses, while Indians had to rely on kin, family and caste men.

When plantations were transferred to individual capitalist ownership, native investors were deliberately ignored.

Select the correct answer using the code given below.

2017 EPFO EO/AO • General Ability Test

Q.30 Q.32

Syllabus Connection

Growth & Core Economics: Demand & supply concepts, GDP, GNP, NNP (measurement of growth), inflation (CPI, WPI, types, causes, impact & trends), economic history of India. (APFC)

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