Which of the following factor (s) had resulted in an adverse impact on the volume of India's foreign trade during colonial period?
Answer & explanation
Correct answer: option 4
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.