How did the Industrial Revolution in England affect Indian economy?

By the early eighteenth century, the wool and silk makers in England were worried by the popularity of Indian textiles. Hence, they began to protest against the import of Indian...

(i) The laws allowing the British Government to restrict the import of corn is known as the "Corn Laws".  (ii) These laws were abolished because the industrialists and urban dwellers were...

The Great Depression affected the Indian trade in many ways : (i) India's exports and imports were halved between 1928 and1934. (ii) As international prices crashed, prices in India also plunged. (iii) Peasants...

(i) The British Government imposed import duties on cotton textiles so that Manchester goods could be sold in Britain without competition. (ii) It persuaded the East India Company to sell the...

(i) Due to the expansion of world trade, the merchants wanted to expand their production. But hade and craft guilds were very powerful. (ii) They could create money problems for the merchants...

The Industrial revolution was mixed blessing because of the following reasons: (i) It brought about the machine system of production where the production output was very high. However, it led to...

In case of a closed economy, equilibrium level of income is given by Y = C + cY + I + G Or, Y - cY = C + I + G Or,...

(c) Y = C + I – G + (X – M)

(c) When interest rates decreases then investment expenditure by businesses on capital goods like factories and equipment increase in an economy.

(*) Best answer should be (1243). IFCI – July 1948; ICICI – 1955; IDBI – UTI – 1963 July 1964; the correct sequence is not given in the answer.