The Great Depression of the 1930s had which of the following impacts on the Indi

Practice Questions

Q1
The Great Depression of the 1930s had which of the following impacts on the Indian economy? (1930)
  1. Increased agricultural exports
  2. Decline in prices of agricultural products
  3. Rise in employment opportunities
  4. Strengthening of the Indian currency

Questions & Step-by-Step Solutions

The Great Depression of the 1930s had which of the following impacts on the Indian economy? (1930)
  • Step 1: Understand what the Great Depression was - a severe worldwide economic downturn that started in 1929.
  • Step 2: Recognize that the Great Depression affected many countries, including India.
  • Step 3: Identify that one of the main effects was a decline in prices of agricultural products.
  • Step 4: Realize that lower prices meant farmers earned less money for their crops.
  • Step 5: Understand that this loss of income severely affected farmers and the rural economy in India.
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