History · Economic History of British India
With reference to economic developments in India during the early 1860s, consider the following statements: Statement I: India witnessed a marked expansion in cotton cultivation and exports during this period. Statement II: The outbreak of the American Civil War severely curtailed cotton supplies from the United States to European markets. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I✓
- 2Both Statement I and Statement II are correct, but Statement II is not the correct explanation for Statement I
- 3Statement I is correct, but Statement II is incorrect
- 4Statement I is incorrect, but Statement II is correct.
Correct answer
Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I
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