Discussion
Read the following statements and select the correct answer using codes given below :
Statements :
(i) Dadabhai Naoroji, Willian Digby, Findlay Shirras, V.K.R.V. Rao and R.C. Desai contributed in the estimation of national income of India during colonial period.
(ii) V.K.R.V. Rao is contribution was very significant.
Choose the most appropriate option from below :
Answer: A
Both statements (i) and (ii) are correct.
Statement (i) is correct: during the colonial period, Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V. Rao and R.C. Desai each estimated India's national and per capita income. Statement (ii) is also correct: of these, V.K.R.V. Rao's estimates are regarded as the most significant, being the most careful and systematic of the colonial-era attempts.
This is the standard account in the school economics texts on India's economy under colonial rule. Since both statements are true, every option that marks one or both of them incorrect is ruled out.
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