Indian Economic Development: Indian Economy on the Eve of Independence · Class 12 · CBSE · Commerce Economics
Which combination most accurately reflects the pattern of India's foreign trade under British rule?
Practice question from Indian Economic Development: Indian Economy on the Eve of Independence (Class 12 · CBSE · Commerce Economics), with the correct answer and a step-by-step solution.
hard · MCQ · Q-142B46
Which combination most accurately reflects the pattern of India's foreign trade under British rule?
- A.India mainly exported manufactured goods and imported raw materials
- B.India exported primary products and raw materials while importing manufactured consumer goodsCorrect answer
- C.India's foreign trade was completely stopped to protect domestic industries
- D.India imported mainly agricultural products and exported industrial machinery
Solution
Colonial trade converted India into a supplier of raw materials and a market for British manufactured products. This pattern weakened indigenous industries and reinforced India's economic dependence on Britain.
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