Question
In the 19th century, which of the following reasons were responsible for the lack of economic development in India? (1) Officially, the British government followed a policy of non-intervention, but in reality, it was a policy of discriminatory intervention. (2) European entrepreneurs were supported by banks and agencies, whereas Indians had to rely on family, caste, and community-based financial resources. (3) When ownership of industrial enterprises was transferred to private individuals, domestic investors lacked sufficient awareness and encouragement. Choose the correct answer using the codes given below:
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