Lesson eLearning

During 1946, industrial production in India was 2,800 million units while agricultural production was 4,500 million units. Compute the ratio of industrial to agricultural production (expressed as a decimal). Then explain one major reason for the low ratio and suggest a policy measure that could address that reason.

hard 4 marks Class 12 · Economics · Indian Economy on the Eve of Independence
Answer
0.62

The correct answer is 0.62 — Suggest policy measure: establish industrial credit societies offering low‑interest loans to entrepreneurs.

Step-by-step solution

  1. Divide industrial by agricultural units:
  2. Round to two decimal places:
  3. Identify a major reason for low ratio: lack of capital investment in industry.
  4. Suggest policy measure: establish industrial credit societies offering low‑interest loans to entrepreneurs.
Common mistake: Dividing in wrong order or ignoring rounding

Concept tested: Ratio calculation and industrial analysis

Published · How this solution was prepared and checked

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