Which one of the following statements about the Colonial economy is NOT correct ........

Indian Freedom Struggle (1857-1947) History

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Which one of the following statements about the Colonial economy is NOT correct?

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CAPF 2017 Paper-1

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The British presence inhibited indigenous capitalism

Laissez-faire actively promoted indigenous capitalism

The "white collective monopoly' came earliest and remained most pronounced in Eastern India

The Bombay hinterland was difficult to penetrate before the construction of railways

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Explanation:

Colonial economy was biased against Indian Capitalist as the policies encouraged British Investments as well as imports of finished products from Britian on the other hand exports from India were discouraged by imposing import duties in British Markets.