Consider the following statements about India in the 18th century:1. I...
Statement 1 is incorrect. Around 18th century, India enjoyed balance of trade in her favour. India did not require any goods from outside, rather Indian goods had a very good market outside.
Statement 2 is incorrect. After Mughals, political conditions became unstable which had a detrimental effect on trade as well.
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Consider the following statements about India in the 18th century:1. I...
Understanding the Statements
In the context of India in the 18th century, let's evaluate both statements to understand their accuracy.
Statement 1: India imported foreign goods on a large scale through European Companies.
- This statement is generally misleading.
- While European companies like the British East India Company and the French East India Company were active in India, the primary focus of these companies was to export Indian goods, particularly textiles, spices, and indigo, to Europe rather than importing goods into India.
- The scale of foreign goods imported into India during this period was relatively limited compared to the vast export of Indian products.
Statement 2: The regional kingdoms that arose after the decline of the Mughals provided stable conditions for the development of trade with the Europeans.
- This statement is also inaccurate.
- The decline of the Mughal Empire led to fragmentation and instability in the Indian subcontinent, with a rise in regional powers like the Marathas, Sikhs, and others.
- This fragmentation often resulted in conflicts, making trade conditions less stable rather than more conducive for European companies.
Conclusion
Given this analysis, both statements are incorrect. Therefore, the correct answer is:
Correct Answer: D) Neither 1 nor 2