AI-generated practice question — model-generated for extra practice, not a previous-year CBSE board question.
Answer: (B)
Peasants' income fell with crashing agricultural prices while revenue demands continued, but urban salaried incomes remained fixed and prices of goods fell, improving real purchasing power.
Source: Chapter 3, Section 3.5 India and the Great Depression
The textbook explicitly states: "Though agricultural prices fell sharply, the colonial government refused to reduce revenue demands" — hitting peasants hard. Conversely, "those with fixed incomes…middle-class salaried employees — now found themselves better off. Everything cost less." This contrast is the key examiner expectation. Option (B) captures both sides of this comparison directly from the source.