In the question given below there are 2 statements marked as Assertion (A) and Reason (R). Choose the correct alternative from the following options.
Assertion (A)- India's foreign trade generated huge export surplus still economy deteriorated.
Reason (R)- All the export surplus revenue was used by Britishers in their personal expenses, on war etc. leading to drain of Indian wealth.
Assertion (A)- India's foreign trade generated huge export surplus still economy deteriorated.
Reason (R)- All the export surplus revenue was used by Britishers in their personal expenses, on war etc. leading to drain of Indian wealth.
Answer & explanation
Correct answer: option 1
The India's foreign trade surplus was utilized by Britishers for their own interest and did nothing for the Indian economy.