Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy on the Eve of Independence

Question:

Which of the following factor (s) had resulted in an adverse impact on the volume of India's foreign trade during colonial period?

Options:

Restrictive policies of British govt.

Aggressive tariff imposition.

Monopoly control of Britishers over India's exports and imports.

All of the above.

Correct Answer:

All of the above.

Explanation:

India was a trade surplus nation before the advent of Britishers. But gradually due to restrictive trade policy and commodity production, aggressive tariff imposition and their monopoly control over international transactions, the foreign trade of India was adversely impacted.