Question

Correct the sequence on the emergence of new markets in the pre-colonial, colonial, and post-colonial era:
(A) Rise of Marwaris as the best-known business community.
(B) New groups entered into trade and business in alliance with merchant communities.
(C) India was the major supplier of the manufactured goods to the world market.
(D) Expansion of the market economy in India under changing economic circumstances.
Choose the correct answer from the options given below:

• A. (A), (B), (C), (D)
• B. (A), (C), (B), (D)
• C. (B), (A), (D), (C)
• D. (C), (B), (D), (A)

Answer 1

The Correct Option is A

The correct sequence begins with the rise of the Marwaris, followed by new groups entering trade, India supplying manufactured goods, and the expansion of the market economy.

Answer 2

The sequence of events for the emergence of new markets in the pre-colonial, colonial, and post-colonial era unfolds as follows:

• (A) Rise of Marwaris as the best-known business community: During the pre-colonial period and continuing into the colonial era, the Marwaris emerged as one of the most prominent business communities in India, particularly involved in trade and commerce.
• (B) New groups entered into trade and business in alliance with merchant communities: With the growth of markets, new groups, including other castes and communities, began to participate in trade, often forming alliances with established merchant communities.
• (C) India was the major supplier of the manufactured goods to the world market: During the colonial period, India became a significant supplier of raw materials to Britain and other parts of the world, while also contributing to the global market for manufactured goods, particularly in textiles and other handicrafts.
• (D) Expansion of the market economy in India under changing economic circumstances: Post-independence, the market economy expanded in India as new economic policies, industrial growth, and international trade relations were developed.

Thus, the correct sequence is (A), (B), (C), (D).