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Q.

The leading economic power during the pre-war era was


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a

China

b

India

c

England

d

France  

answer is C.

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Detailed Solution

The leading economic power during the pre-war era was England.
In particular, Britain, the world's leading economy before World War II, was engulfed in a protracted crisis. While Britain was concerned with war, India and Japan grew their economies. Following the war, Britain struggled to reclaim its former dominance in the Indian market and compete with Japan globally. Furthermore, Britain had borrowed heavily from the United States to fund its war expenditures. As a result, Britain was saddled with massive external obligations at the war's end.
 
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