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:

The correct answer is option 4: All of the above.

All of these factors had an adverse impact on the volume of India's foreign trade during the colonial period:

  • Restrictive policies of the British government: These policies were designed to benefit Britain at the expense of Indian economic interests.
  • Aggressive tariff imposition: High tariffs on Indian goods made them less competitive in international markets.
  • Monopoly control of Britishers over India's exports and imports: The British controlled trade policies, which limited India's ability to trade freely and developed a trade imbalance in favor of Britain.