History · Effects of British Economic Policies
What was the net impact of foreign-managed interlocking capitalist firms (such as agency houses, shipping, and banking) on the Indian economy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It completely eliminated India's external debt burdens
- 2It caused the rapid self-sustained industrialization of rural India
- 3It resulted in an equitable distribution of national income among peasants
- 4It led to a massive unilateral drain of financial resources from India✓
Correct answer
It led to a massive unilateral drain of financial resources from India
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