INSIGHT UPSC QUIZ

GS History Modern India
Q.

How did the Industrial Revolution in England affect the Britain's economic relations with India during company's rule?

1. It led to emergence of local manufacturing class in England which opposed trade activities of East India Company.

2. One sided free trade to benefit British manufacturers was initiated by Charter Act of 1853.

3. Indian export of indigo and tea decreased.

Select the correct answer using the code given below.

Explanation:

Statement 1 is correct: Local manufacturing class in England attacked the trade monopoly of company and wanted India to be market of its finished goods.

Statement 2 is incorrect: Charter Act of 1813 initiated this process by which trade to India (except tea) was thrown open to all.

Statement 3 is incorrect: After the industrial revolution, Indian export of raw materials like raw cotton, silk and plantation goods like tea and indigo increased.

Thus, Option A is Correct.

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