Read the following statements carefully:
Statement 1: Under the colonial rule, basic infrastructure (like railways, post and telegraph, etc.) was developed.
Statement 2: The real motive behind the infrastructural development in India was to strengthen the British interests.
In the light of the given statements, choose the correct alternative from the following:
Statement 1: Under colonial rule, infrastructure like railways, ports, and postal systems was developed. This is historically accurate.
Statement 2: The primary goal of this development was to serve British economic and administrative interests, such as transporting raw materials and military goods efficiently, rather than benefitting the Indian population.
List-I | List-II | ||
|---|---|---|---|
| A | Money supply is exogenously given. | I | Post-Keynesian school |
| B | Money supply is demand driven and credit led. | II | Say’s law |
| C | Rational expectation. | III | Monetarism |
| D | Supply creates its own demand | IV | Neo-classical school |