AI-generated practice question — model-generated for extra practice, not a previous-year CBSE board question.
Jute-growing peasant (worsened): The peasant's situation deteriorated sharply. As global gunny exports collapsed, raw jute prices crashed by over 60%. The colonial government refused to reduce revenue demands despite falling incomes, forcing peasants deeper into debt. They mortgaged lands and sold jewellery to survive.
Salaried government clerk (improved): The clerk's situation improved. As a fixed-income earner, falling prices during the Depression meant his salary could buy more. Everything cost less, so his real purchasing power effectively increased despite no rise in nominal income.
Source: Chapter 3, Section 3.5 – India and the Great Depression
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