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How much percentage of import and export were restricted to be between India and Britain
- a)More than 60%
- b)only 10%
- c)More than 50%
- d)70%
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
How much percentage of import and export were restricted to be between...
Overview of Trade Restrictions Between India and Britain
The trade relationship between India and Britain has historically been shaped by various economic policies, especially during the colonial period. The restrictions placed on imports and exports were significant.
Percentage of Restricted Trade
- More than 50% of the trade between India and Britain was restricted.
- This implies that a significant portion of commodities traded was subject to regulations, tariffs, and quotas.
Impact on Economic Relations
- The restrictions were largely imposed by British economic policies aimed at controlling Indian markets.
- Such policies favored British industries while limiting the growth of local Indian businesses.
Reasons for Restrictions
- Colonial Control: The British aimed to maintain economic dominance over India.
- Protectionism: Restrictions were often justified under the guise of protecting British economic interests.
- Monopolistic Practices: The British sought to monopolize resources and trade routes, limiting Indian access to international markets.
Consequences of Restricted Trade
- Economic Dependency: India became heavily dependent on British goods.
- Stifled Growth: Local industries were unable to flourish due to the lack of fair competition.
- Social Impact: The restrictions led to economic disparities and social unrest within India.
Conclusion
Understanding the extent of trade restrictions between India and Britain provides insight into the historical economic dynamics that shaped both nations. The answer is correctly identified as "More than 50%," highlighting the significant impact of these trade policies on India's economy.
The trade relationship between India and Britain has historically been shaped by various economic policies, especially during the colonial period. The restrictions placed on imports and exports were significant.
Percentage of Restricted Trade
- More than 50% of the trade between India and Britain was restricted.
- This implies that a significant portion of commodities traded was subject to regulations, tariffs, and quotas.
Impact on Economic Relations
- The restrictions were largely imposed by British economic policies aimed at controlling Indian markets.
- Such policies favored British industries while limiting the growth of local Indian businesses.
Reasons for Restrictions
- Colonial Control: The British aimed to maintain economic dominance over India.
- Protectionism: Restrictions were often justified under the guise of protecting British economic interests.
- Monopolistic Practices: The British sought to monopolize resources and trade routes, limiting Indian access to international markets.
Consequences of Restricted Trade
- Economic Dependency: India became heavily dependent on British goods.
- Stifled Growth: Local industries were unable to flourish due to the lack of fair competition.
- Social Impact: The restrictions led to economic disparities and social unrest within India.
Conclusion
Understanding the extent of trade restrictions between India and Britain provides insight into the historical economic dynamics that shaped both nations. The answer is correctly identified as "More than 50%," highlighting the significant impact of these trade policies on India's economy.
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How much percentage of import and export were restricted to be between...
The percentage of import and export trade restricted between India and Britain was more than 50%.
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