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The British ‘trade surplus’ with India in the 19th century helped Britain :
- a)To balance its trade deficits with other countries
- b)It helped to pay home charges that included private remittances by British officials and traders
- c)Britain could pay interest payments on India’s external debts and pensions of British officials in India
- d)All the above
Correct answer is option 'D'. Can you explain this answer?
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The British ‘trade surplus’ with India in the 19th century...
Trade Surplus: It is a situation in which the total value of exports of a nation during the year exceeds the total value of imports.
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(i) Over the 19th century, British manufacturers flooded the Indian market. Foodgrains and raw material exports from India to Britain and the rest of the world also increased.
(ii) Value of British exports to India was higher than imports from India.
(iii) Britain, as such had a "Trade surplus" with India. Britain used this surplus to balance the trade deficit with other countries.
(iv) This is how a multilateral settlement system works that allows one country's deficit with another country to be settled by its surplus with a third country.
(v) India played a crucial role in helping Britain to balance its deficits. Britain's trade surplus in India helped to pay the home charges that included private remittances home by British officials and trade.
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The British ‘trade surplus’ with India in the 19th century...
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The British people have a rich history that spans thousands of years, from the ancient Celtic tribes to the Roman occupation and the establishment of England as a unified country. Over the centuries, the British Empire expanded its influence and territories, becoming one of the largest and most powerful empires in history.
The British people have made significant contributions to literature, with renowned authors such as William Shakespeare, Charles Dickens, and Jane Austen. British scientists have also made groundbreaking discoveries, including Sir Isaac Newton's laws of motion and evolution theory by Charles Darwin.
The British people are known for their love of sports, particularly football, cricket, rugby, and tennis. They have a passion for tea and are famous for their traditional afternoon tea ceremonies. The British monarchy, with Queen Elizabeth II as the current reigning monarch, is also a significant part of British culture and history.
The British people have a reputation for being polite, reserved, and having a dry sense of humor. They value their traditions and customs while also embracing multiculturalism and diversity. The British people are proud of their country and its contributions to the world, while also acknowledging the complexities and challenges that come with their history.
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The British ‘trade surplus’ with India in the 19th century helped Britain :a)To balance its trade deficits with other countriesb)It helped to pay home charges that included private remittances by British officials and tradersc)Britain could pay interest payments on India’s external debts and pensions of British officials in Indiad)All the aboveCorrect answer is option 'D'. Can you explain this answer?
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The British ‘trade surplus’ with India in the 19th century helped Britain :a)To balance its trade deficits with other countriesb)It helped to pay home charges that included private remittances by British officials and tradersc)Britain could pay interest payments on India’s external debts and pensions of British officials in Indiad)All the aboveCorrect answer is option 'D'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The British ‘trade surplus’ with India in the 19th century helped Britain :a)To balance its trade deficits with other countriesb)It helped to pay home charges that included private remittances by British officials and tradersc)Britain could pay interest payments on India’s external debts and pensions of British officials in Indiad)All the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The British ‘trade surplus’ with India in the 19th century helped Britain :a)To balance its trade deficits with other countriesb)It helped to pay home charges that included private remittances by British officials and tradersc)Britain could pay interest payments on India’s external debts and pensions of British officials in Indiad)All the aboveCorrect answer is option 'D'. Can you explain this answer?.
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