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With reference to Indias foreign trade on the eve of Independence, consider the following statements:1. More than half of India’s foreign trade was restricted to Britain.2. During the colonial period, India often recorded a huge trade deficit.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. 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 With reference to Indias foreign trade on the eve of Independence, consider the following statements:1. More than half of India’s foreign trade was restricted to Britain.2. During the colonial period, India often recorded a huge trade deficit.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to Indias foreign trade on the eve of Independence, consider the following statements:1. More than half of India’s foreign trade was restricted to Britain.2. During the colonial period, India often recorded a huge trade deficit.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.

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