Indian Economic Development

Development Experience (1947-90)

Easy

The main economic motive of opening the Suez canal was :

To reduce the cost of transportation

To make political relations stronger with Europe

To maintain the cultural relations with Egypt

To develop the navigation system

✅ Correct Option: 1

The Suez Canal was opened in 1869 primarily with the economic motive of reducing the cost of transportation. It provided a direct sea route between Europe and Asia, eliminating the need to navigate around Africa via the Cape of Good Hope. This significantly reduced shipping time and transportation costs for trade.

2023: 28 May Shift 2

Which year is known as "Year of Great Divide" in the history of Indian demography ?

2026: 6 June Shift 1

Arrange the following in chronological order (oldest to latest)

(A) The Tata Iron and Steel Company (TISCO).

(B) Introduction of railways in India.

(D) Planning Commission in India

Choose the correct answer from the options given below:

2026: 13 May Shift 1

Arrange the following in chronological order of their establishment(oldest to latest).

(A) Tata Iron and Steel Company (TISCO)

(B) Planning Commission

(D) Karve Committee

Choose the correct answer from the options given below:

2023: 28 May Shift 2

Which of the following instrument of trade protection directly raises the price of the commodity in the domestic economy ?

2026: 21 May Shift 1

Arrange the following major events in the Indian economy in chronological order, starting from oldest to the latest.

(A) Set up of Planning Commission

(B) India's independence

(D) First five-year plan

Choose the correct answer from the options given below:

2022: 16 July Shift 2

What was the main motive of British rule in India?

The main economic motive of opening the Suez canal was :

Solution

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