Commerce Exam > Commerce Questions > Directions: In the following questions, a st...
Start Learning for Free
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:
Assertion (A): During colonial period, India’s export trade was export surplus.
Reason (R): During the colonial period, India’s exports were more than its imports.
- 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 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Directions: In the following questions, a statement of assertion (A) ...
Assertion and Reasoning in Commerce: India's Export Trade During Colonial Period
Assertion: During colonial period, India’s export trade was export surplus.
Reason: During the colonial period, India’s exports were more than its imports.
The correct choice is option B, which means that both the assertion and reasoning are true, but the reasoning is not the correct explanation of the assertion. Let's break down this question and understand why this is the correct answer.
Export Surplus:
Export surplus refers to a situation when a country's total export earnings exceed its total import expenditure. In other words, a country is exporting more goods and services than it is importing. This situation is also known as a favorable balance of trade.
Colonial Period:
The colonial period in India refers to the time when India was under British rule, from the mid-18th century to 1947. During this time, the British East India Company and later the British government controlled India's economy and trade.
India's Export Trade during Colonial Period:
During the colonial period, India's export trade was mainly based on raw materials such as cotton, jute, tea, and indigo. These raw materials were exported to Britain and other European countries, where they were processed and manufactured into finished goods. India's exports exceeded its imports during this period, which means that India had an export surplus.
Reason for India's Export Surplus:
The reason for India's export surplus during the colonial period was mainly due to the exploitative economic policies of the British government. India was forced to export its raw materials to Britain at low prices and was required to import finished goods at high prices. This resulted in an unfavorable balance of trade for India, which led to the drain of wealth from India to Britain.
Conclusion:
In conclusion, during the colonial period, India's export trade was export surplus due to the exploitative economic policies of the British government. While the assertion and reasoning in this question are both true, the reasoning is not the correct explanation of the assertion.
Assertion: During colonial period, India’s export trade was export surplus.
Reason: During the colonial period, India’s exports were more than its imports.
The correct choice is option B, which means that both the assertion and reasoning are true, but the reasoning is not the correct explanation of the assertion. Let's break down this question and understand why this is the correct answer.
Export Surplus:
Export surplus refers to a situation when a country's total export earnings exceed its total import expenditure. In other words, a country is exporting more goods and services than it is importing. This situation is also known as a favorable balance of trade.
Colonial Period:
The colonial period in India refers to the time when India was under British rule, from the mid-18th century to 1947. During this time, the British East India Company and later the British government controlled India's economy and trade.
India's Export Trade during Colonial Period:
During the colonial period, India's export trade was mainly based on raw materials such as cotton, jute, tea, and indigo. These raw materials were exported to Britain and other European countries, where they were processed and manufactured into finished goods. India's exports exceeded its imports during this period, which means that India had an export surplus.
Reason for India's Export Surplus:
The reason for India's export surplus during the colonial period was mainly due to the exploitative economic policies of the British government. India was forced to export its raw materials to Britain at low prices and was required to import finished goods at high prices. This resulted in an unfavorable balance of trade for India, which led to the drain of wealth from India to Britain.
Conclusion:
In conclusion, during the colonial period, India's export trade was export surplus due to the exploitative economic policies of the British government. While the assertion and reasoning in this question are both true, the reasoning is not the correct explanation of the assertion.
Free Test
| FREE | Start Free Test |
Community Answer
Directions: In the following questions, a statement of assertion (A) ...
British policies made Indian handicrafts more expensive and its global demand declining sharply. As a result, the export basket of India during the colonial period contained major products such as sugar, jute, raw silk, indigo, wool, etc. and finished imports for consumers such as cotton silk and wool garments and large goods such as light machines from Britain. India has registered a large export balance during the colonial period.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Similar Commerce Doubts
Top Courses for CommerceView all
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): During colonial period, India’s export trade was export surplus.Reason (R): During the colonial period, India’s exports were more than its imports.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 'B'. Can you explain this answer?
Question Description
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): During colonial period, India’s export trade was export surplus.Reason (R): During the colonial period, India’s exports were more than its imports.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 'B'. 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: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): During colonial period, India’s export trade was export surplus.Reason (R): During the colonial period, India’s exports were more than its imports.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 'B'. 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: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): During colonial period, India’s export trade was export surplus.Reason (R): During the colonial period, India’s exports were more than its imports.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 'B'. Can you explain this answer?.
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): During colonial period, India’s export trade was export surplus.Reason (R): During the colonial period, India’s exports were more than its imports.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 'B'. 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: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): During colonial period, India’s export trade was export surplus.Reason (R): During the colonial period, India’s exports were more than its imports.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 'B'. 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: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): During colonial period, India’s export trade was export surplus.Reason (R): During the colonial period, India’s exports were more than its imports.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 'B'. Can you explain this answer?.
Solutions for Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): During colonial period, India’s export trade was export surplus.Reason (R): During the colonial period, India’s exports were more than its imports.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 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): During colonial period, India’s export trade was export surplus.Reason (R): During the colonial period, India’s exports were more than its imports.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 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): During colonial period, India’s export trade was export surplus.Reason (R): During the colonial period, India’s exports were more than its imports.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 'B'. Can you explain this answer?, a detailed solution for Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): During colonial period, India’s export trade was export surplus.Reason (R): During the colonial period, India’s exports were more than its imports.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 'B'. Can you explain this answer? has been provided alongside types of Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): During colonial period, India’s export trade was export surplus.Reason (R): During the colonial period, India’s exports were more than its imports.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 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): During colonial period, India’s export trade was export surplus.Reason (R): During the colonial period, India’s exports were more than its imports.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 'B'. Can you explain this answer? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup