Consider the following statements and select the correct answer from the codes given below the statements: Assertion (A): Generally India had a favourable balance of trade during the British rule. Re…

Question

Consider the following statements and select the correct answer from the codes given below the statements: Assertion (A): Generally India had a favourable balance of trade during the British rule. Reason (R): The drain of wealth took the form of unrequited exports. Code:

PYQPulse · Accepted Answer

Both (A) and (R) are true and (R) is the correct explanation of (A).

PYQPulse · Answer

Explanation: During the British period, money, property and goods were generally transferred from India to England, in return for which Indians did not get any economic benefit. The British people were completely dependent on India for the raw material, due to which the entire import and export was done by them in the favour of the British.

Consider the following statements and select the correct answer from the codes given below the statements: Assertion (A): Generally India had a favourable balance of trade during the British rule. Reason (R): The drain of wealth took the form of unrequited exports. Code:

Answer: A. Both (A) and (R) are true and (R) is the correct explanation of (A).

Explanation