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Choose given statement is true/false:

The wheat prices fell by 50 per cent between 1928 and 1934 in India.

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a

True

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answer is A.

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Detailed Solution

The above statement is True. The wheat prices fell by 50 per cent between 1928 and 1934 in India.
The Great Depression affected many European countries, and they turned to their colonies in Asia and Africa. The resources in these countries were used extensively and exhaustively by the colonial masters. In India, the prices of goods fell sharply. The cost of wheat fell by 50 per cent between 1928 and 1934. However, the British rejected all pleas for revenue reduction. The Indian peasantry suffered the worst in the depression.

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