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Which country banned import of Indian opium?
  • a)
    China
  • b)
    Britain
  • c)
    Both (a) and (b)
  • d)
    None of these
Correct answer is option 'C'. Can you explain this answer?
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Which country banned import of Indian opium?a)Chinab)Britainc)Both (a)...
The country that banned import of Indian opium is both China and Britain. Here's an explanation:

Opium Trade in India
- In the 18th and 19th centuries, opium was a major cash crop in India and was cultivated under British East India Company's rule.
- The opium produced in India was primarily used for export to China, where it was in high demand.
- The British East India Company established a monopoly over the opium trade in India and began exporting large quantities of opium to China in exchange for tea and silver.

Opium Wars
- China soon realized the harmful effects of opium addiction on its population and attempted to ban the import of opium from India in the early 19th century.
- However, the British East India Company continued to smuggle opium into China, which led to the First Opium War between China and Britain in 1839-1842.
- The war resulted in China's defeat and the signing of the Treaty of Nanking, which forced China to open its ports to British trade and pay a large indemnity to Britain.
- The opium trade continued to flourish despite China's protests, leading to the Second Opium War in 1856-1860.
- This war resulted in further concessions by China, including the legalization of opium trade and the opening up of more ports to foreign trade.

Banning of Indian Opium
- In the late 19th century, both China and Britain began to take steps to curb the opium trade.
- China passed laws to ban opium smoking and cultivation, and in 1906, it banned the import of Indian opium altogether.
- Britain, which had a vested interest in the opium trade, also took steps to limit its production and consumption in India.
- In 1917, the British government passed the Dangerous Drugs Act, which regulated the manufacture, sale, and distribution of opium and other drugs in India and other British colonies.

In conclusion, both China and Britain played a significant role in the opium trade, with India serving as a major producer and exporter of opium. However, by the early 20th century, both countries recognized the harmful effects of opium addiction and took steps to ban or regulate its import and consumption.
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Which country banned import of Indian opium?a)Chinab)Britainc)Both (a)...
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With reference to the economic policies of the British in India and its impact, consider the following statements: India's export surplus became vital for Britains' balance of payments by the end of the nineteenth century. The organised money market was completely under the British control. Which of the statements given above is/are correct?Expalantion: The British continued to exploit India's economy. The burden of East India Company's London establishment and dividends to its shareholders was replaced after 1858, by the expenditure on the Secretary of State's India Office. The Indian debt in England which was already considerable as a result of the Company's military ventures and suppression of the mutiny was further increased, when compensation to the Company's shareholders was added to Government of India's account. Both Home charges and private remittances were channelised through Indian exports as pointed out by the nationalist economists from Dadabhai Naoroji onwards. The character of economic drain which was originally mercantilist, underwent a change and it now took the form of exploitation through free trade. In the later stage, it got linked with the structure of British Indian finance capitalism. Statement 1 is correct: In fact, India's export surplus became vital for Britains' balance of payments by the end of the nineteenth century. The British rule inhibited and curbed indigenous industry through a variety of structural constraints. The government policies actively promoted the European enterprise and discriminated against Indians. Statement 2 is not correct: The outstanding feature of the Indian money market was its dichotomy; it consisted of two fairly distinct sectors, the organized and the unorganized. These two were not entirely unconnected, but the links were rather loose. The constituents of the organized sector of the Indian money market were the Imperial Bank of India, the exchange banks, and the Indian joint-stock banks. The unorganized sector comprised the indigenous bankers, moneylenders, chit funds, nidhis, etc., etc. The co-operative credit institutions occupied a somewhat intermediate position.

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Which country banned import of Indian opium?a)Chinab)Britainc)Both (a) and (b)d)None of theseCorrect answer is option 'C'. Can you explain this answer?
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