Consider the following statements regarding the Industrial Revolution in Britain : I. There was availability of banks which could loan money to set up industries. II. There was a good transport network. Which of the statements given above is/are correct?
- A. I only
- B. II only
- C. Both I and II ✓
- D. Neither I nor II
Correct Answer: C. Both I and II
Explanation
The Industrial Revolution in Britain was supported by a strong financial system with banks capable of lending money, as well as an extensive network of navigable rivers and canals for transport.
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