CBSE 2023 Class 12 Economics Outside Delhi Set 1

Test Index

CBSE 2023 Class 12 Economics Outside Delhi Set 1

Question : 26

Total: 52

SECTION-B

(Indian Economic Development)

Which of the following is NOT true about foreign trade during the colonial rule?

India suffered from large trade deficit.
Restrictive policies of commodity production, were followed.
Britain maintained a monopoly control over India's exports and imports.
India became an exporter of primary products and an importer of finished consumer goods.

Solution:

India suffered from large trade deficit.
Explanation: During British rule, India had large trade surplus i.e., Exports exceeded imports. India was exporting huge amount of raw material and primary products to Britain and imported machine made products on a small scale.

Go to Question:

Prev Question

Next Question