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Q.

Choose given statement is true/false:


The Great Depression did not affect India.


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a

True

b

False 

answer is B.

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Detailed Solution

The above statement is False.
The Great Depression was the financial and industrial slump that started in 1929, in which a long and severe recession was seen all over the world. The major fall in prices of agricultural products and the high taxes imposed on farmers by the colonial government became the major reason for the depression in India. This majorly affected trade and the Indian economy. The correct statement would be that the Great Dpression affected India.   
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