1.

Consider the following statement and identify the incorrect response from the options given thereafter: Statement : Effects of the Great Depression on the Indian economy were. (1) India's export and import nearly halved between 1928 and 1934. (2) Wheat prices in India increased 50 percent between 1928-1934. (3) India became an exporter of precious metals, notably gold. (4) Landlords and middle class salaried employees in cities found themselves better off because of falling prices.

Answer»

Correct option (2) Wheat prices in India increased 50 percent between 1928-1934.

Explanation:

Between 1928 and 1934, wheat prices in India fell by 50 per cent



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