INSIGHT UPSC QUIZ

GS History Modern India
Q.

Consider the following conditions faced by Modern Indian Industries:

1. Though Government credit policy was contradictory to empowerment of Indian Industries, it maintained favorable outlook towards heavy and capital goods industry.

2. Promotion of Railways was done with the intention of fuelling indigenous economic growth and reducing resentment among Indian masses.

Which of the statement(s) given above is/are correct?

Explanation:

Statement 1 is incorrect as British Government policies were contrary to requirements of Indian industries. A serious weakness of Indian industrial efforts was almost complete absence of heavy and capital goods industries. The 1st steel plant was only established in 1913.

Statement 2 is incorrect as intention behind introduction of Railway was to give boost to British manufacturing goods and promote import/export and restrict domestic movement.

Thus, Option D is Correct.

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