wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

India had a large export surplus under the colonial rule. However, the Indian economy did not benefit from this. Why?


A

There was a shortage of essential supplies in the Indian market because they were primarily exported

No worries! We‘ve got your back. Try BYJU‘S free classes today!
B

The gains from trade were used to fund the wars fought by the British

No worries! We‘ve got your back. Try BYJU‘S free classes today!
C

The gains from trade were used to cover the expenses of the British government in India.

No worries! We‘ve got your back. Try BYJU‘S free classes today!
D

All of these

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is D

All of these


Since all the surplus was exported, there was a scarcity of essential items in the Indian market. The gains from export were used to cover the expenses of British offices in India. It was also used to fund the wars fought by Britain.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
The Eve of Independence
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon