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Directions : Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below :
Assertion (A) : India became an exporter of primary products and an importer of finished consumer
and capital goods produced in Britain.
Reason (R) : Restrictive policies of commodity production, trade and tariff pursued by the colonial government adversely affected the structure, composition and volume of India’s foreign trade.
  • a)
    Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).
  • b)
    Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
  • c)
    Assertion (A) is true, but Reason (R) is false .
  • d)
    Assertion (A) is false, but Reason (R) is true.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Directions : Read the following statements - Assertion (A) and Reason...
Assertion (A) and Reason (R) are related to India's foreign trade during the colonial period.

Explanation:

• Assertion (A) states that India became an exporter of primary products such as raw materials and agricultural produce and an importer of finished consumer and capital goods produced in Britain.

• Reason (R) suggests that the restrictive policies of commodity production, trade, and tariff pursued by the colonial government negatively impacted the structure, composition, and volume of India's foreign trade.

• Both Assertion (A) and Reason (R) are true. India's foreign trade during the colonial period was characterized by a lopsided pattern where raw materials were exported to Britain, and finished goods were imported from there. The restrictive policies of the colonial government such as high tariffs, export duties, and monopolies on certain commodities hindered the growth of industries in India and encouraged the import of finished goods from Britain.

• Reason (R) is the correct explanation of Assertion (A). The restrictive policies pursued by the colonial government were aimed at protecting the interests of British industries and ensuring a steady supply of raw materials from India. This led to a situation where India remained a supplier of raw materials while becoming dependent on British manufactured goods.

• Therefore, the correct answer is option 'A' - Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).
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Community Answer
Directions : Read the following statements - Assertion (A) and Reason...
India became an exporter of primary products such as raw silk, cotton, wool, sugar, indigo, jute, etc. and an Importer of finished consumer goods like cotton, silk and woollen clothes and capital goods like light machinery produced in the factories of Britain.
The restrictive policies had an overall negative impact and a condition of monopoly.
  • India has always been a major trade nation. However, British government's restrictive policies on commodities production, trade, and tariffs had a negative impact on India's international commerce.
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Directions : Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below :Assertion (A) : India became an exporter of primary products and an importer of finished consumerand capital goods produced in Britain.Reason (R) : Restrictive policies of commodity production, trade and tariff pursued by the colonial government adversely affected the structure, composition and volume of India’s foreign trade.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer?
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Directions : Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below :Assertion (A) : India became an exporter of primary products and an importer of finished consumerand capital goods produced in Britain.Reason (R) : Restrictive policies of commodity production, trade and tariff pursued by the colonial government adversely affected the structure, composition and volume of India’s foreign trade.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Directions : Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below :Assertion (A) : India became an exporter of primary products and an importer of finished consumerand capital goods produced in Britain.Reason (R) : Restrictive policies of commodity production, trade and tariff pursued by the colonial government adversely affected the structure, composition and volume of India’s foreign trade.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions : Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below :Assertion (A) : India became an exporter of primary products and an importer of finished consumerand capital goods produced in Britain.Reason (R) : Restrictive policies of commodity production, trade and tariff pursued by the colonial government adversely affected the structure, composition and volume of India’s foreign trade.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer?.
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