12th Class Economics Indian Economy On The Eve Of Independence Question Bank MCQs - An Indian Economy on the eve of Independence

  • question_answer
    Which of the following statements is not true about the foreign trade in context of Indian Economy during the British rule?

    A) India became exporter of primary products and an importer of finished consumer goods and capital goods from Britain

    B) India traded with many countries of the world despite discriminatory tariff policy pursued by the British Government

    C) India generated huge export surplus

    D) Britain had a monopoly control over India's Foreign Trade

    Correct Answer: B

    Solution :

    [b] India traded with many countries of the world despite discriminatory tariff policy pursued by the British Government


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