During major part of British perioda)During major part of British periodb)Exports were more than importsc)Exports were equal to importsd)None of theseCorrect answer is 'B'. Can you explain this answer?

Question

Answer

B

Answer

B is the right answer in which export of raw materials are more than imports of finished goods from British. Which resulted in deficit in our country's find.

Answer

Because they use india as a source of raw material exporter and a prepared market for selling their products. they export raw material in a large quantity . hence India exports exceed its import in british time

Answer

Because the product is come form outside that why export Is more than import

Answer

The British industrialists took interests only in those industries which they failed to set up elsewhere for geographical reasons. These industries include jute and plantation. British capitalist established jute mills in Bengal and also started tea, coffee and indigo plantation which made it possible to exploit Indian labourers extensively

Answer

During the major part of the British period, the correct answer is 'b' - exports were more than imports. Let's delve into the details and understand this further.

British Period in India:
The British period in India refers to the period when India was under British colonial rule, which started with the establishment of the East India Company in the early 17th century and lasted until India gained independence in 1947.

Exports and Imports:
During this period, the British colonial administration implemented policies that aimed at exploiting India's resources and establishing a favorable trade balance in their favor. As a result, the British focused on exporting Indian goods to meet the demand in their own markets while limiting imports from Britain to protect their own industries.

Exports More than Imports:
1. Exploitation of Resources: The British exploited India's abundant resources, such as cotton, indigo, jute, tea, spices, and raw materials, to meet the demand in their own markets. These goods were exported in large quantities, resulting in high export figures.

2. Industrialization in Britain: The British encouraged the growth of industries in Britain by restricting the imports of manufactured goods from Britain to India. This policy aimed to protect British industries and ensure a favorable trade balance. Therefore, the imports from Britain were relatively limited compared to the exports from India.

3. Drain of Wealth: The British also implemented policies that led to the drain of wealth from India. They imposed heavy taxes, collected revenues, and exploited India's resources to benefit the British economy. This further contributed to the imbalance in trade, with exports exceeding imports.

4. Trade Surplus: As a result of these policies, India experienced a trade surplus, where the value of exports was higher than the value of imports. This surplus helped the British economy grow and led to the accumulation of wealth in Britain at the expense of India.

In conclusion, during the major part of the British period, exports from India were more than imports. This was a result of British policies aimed at exploiting India's resources, protecting their own industries, and ensuring a favorable trade balance in their favor.

Similar Commerce Doubts

During major part of British period

Directions: In the following questions, a statement of assertion (

Balance of trade is in surplus when

A deficit in balance of trade indicates

Top Courses for CommerceView all

Chapter Notes for Commerce

Economics Class 12

Economics Class 11

NCERT Books & Solutions for Commerce

Economics for CBSE Class 12 Board Examinations

Top Courses for Commerce

Top Courses for Commerce

Suggested Free Tests

Related Content

Commerce Courses

Other Courses

How To Prepare?

Related Exams

Company