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प्रश्न
Which of the following is NOT true about foreign trade during the colonial rule?
विकल्प
India suffered from a large trade deficit.
Restrictive policies of commodity production, were followed.
Britain maintained a monopoly control over lndia's exports and imports.
India became an exporter of primary products and an importer of finished consumer goods.
उत्तर
India suffered from a large trade deficit.
Explanation:
India had a significant trade surplus under British administration, meaning that exports exceeded imports. India was supplying Britain with vast quantities of raw materials and basic goods while importing only a modest amount of machine made goods.
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संबंधित प्रश्न
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| 3. Import Substitution | (c) Benefits to participating countries |
| 4. Export Promotion | (d) Scarcity of Foreign Trade |
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| Column A | Column B | ||
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| (2) | Import of shipping services | (b) | Invisible items |
| (3) | Export of machinery | (c) | Accommodating items |
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Reason (R): Foreign exchange in terms of receipts for exports flows from the US to India.
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