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How much percentage of import and export were restricted to be between India and Britain

  • a)
    0.4

  • b)
    0.45

  • c)
    0.5

  • d)
    0.55

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...
More than half of India’s foreign trade was restricted to Britain while the rest was allowed with a few other countries like China, Ceylon (Sri Lanka) and Persia (Iran). The opening of the Suez Canal further intensified British control over India’s foreign trade
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How much percentage of import and export were restricted to be between...
The percentage of import and export that were restricted to be between India and Britain was 0.5 or 50%.

Explanation:
During the colonial period, India was under British rule and trade between India and Britain was heavily regulated. The British government imposed restrictions on Indian trade and commerce, which included restrictions on the types of goods that could be imported and exported, as well as restrictions on the ports that could be used for trade.

Under the British Raj, India was primarily an exporter of raw materials such as cotton, jute, tea, and opium. These raw materials were sent to Britain, where they were processed and manufactured into finished goods. The finished goods were then sold back to India at a higher price.

The percentage of import and export that were restricted to be between India and Britain was 50%. This means that half of India's trade was restricted to be with Britain. The other half of India's trade was with other countries, such as China, the United States, and other European countries.

The restrictions on Indian trade with Britain were a major cause of economic hardship for the Indian people. The British government forced India to buy British-made goods at high prices, which led to a drain on India's resources and a decline in the standard of living for the Indian people.

In conclusion, the percentage of import and export that were restricted to be between India and Britain was 50%. This restriction had a significant impact on India's economy and was a major cause of economic hardship for the Indian people during the colonial period.
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Read the news report given below and answer the question that follow on the basis of the same:The trade deficit between India and China in April-June this fiscal year fell to USD 5.48 billion as compared to USD 13.1 billion in the same period last year, Parliament was informed on Wednesday.In a written reply, Commerce and Industry Minister Piyush Goyal said the bilateral trade between the countries dipped to USD 16.55 billion during the first three months of 2020-21 as against USD 21.42 billion in the same period last year. “Government has consistently taken steps to balance our trade with China by increasing our exports to China and reducing our dependence on imports from China,” he said.In a separate reply, the minister said at present, about 550 tariff lines (or products) are under the restricted/prohibited category for imports under the Foreign Trade Policy. Imports of these products are restricted from all countries, including China.Replying to a separate question, he said merchandise exports from special economic zones (SEZs) dipped to ₹81,481 crore during AprilAugust, 2020 as against ₹1,30,129 crore in the same period of 2019-20. “However, services exports have shown a growth of 9 per cent during April to August 2020 in comparison to corresponding period of previous year,” he added.Q. Considering the steps taken by the government to reduce the Trade deficit with China, choose the correct alternative:(i) To reduce the dependence on imports from China.(ii) To increase our exports to China(iii) To make Rupees stronger than Yuan(iv) To prohibit the use of Chinese goods.

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How much percentage of import and export were restricted to be between India and Britaina)0.4b)0.45c)0.5d)0.55Correct answer is option 'C'. Can you explain this answer?
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