Indicate the volume and direction of trade at the time of independence.
During the colonial rule, the British followed a discriminatory tariff policy under which they imposed heavy tariffs (export duties) on India's export of handicraft products, while allowing free export of India's raw material to Britain and free import of British products to India. This made Indian exports costlier and its international demand fell drastically. India's export basket during the colonial rule consisted mainly of primary products like sugar, jute, silk, etc. and the imports consisted of finished consumer goods like cotton, woolen clothes, etc, from Britain. As the monopoly power of India's export and import rested with Britain, so, more than half of India's trade was restricted to Britain and the remaining imports were directed towards China, Persia, and Srilanka. The opening up of the Suez Canal further intensified the monopoly power of the British over India's foreign trade. It led to the fast movement of goods from India to Britain and vice-versa. The surplus generated from India's foreign trade was not invested in Indian economy; rather it was used for administrative and war purposes. This led to the drain of Indian wealth to Britain.
Match the following:
|
1. Prime Minister 3. Quota 4. Land Reforms 5. HYV Seeds 6. Subsidy |
A. Seeds that give large proportion of output C. Chairperson of the planning commission D. The money value of all the final goods and services produced within the economy in one year. E. Improvements in the field of agriculture to increase its productivity F. The monetary assistance given by government for production activities. |
NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:
This question is important because it tests key concepts from the NCERT syllabus and is frequently asked in CBSE exams.
This question is based on core NCERT concepts explained in the chapter and should be revised thoroughly before exams.
During the colonial rule, the British followed a discriminatory tariff policy under which they imposed heavy tariffs (export duties) on India's export of handicraft products, while allowing free export of India's...
Step-by-step explanation:
• During the colonial rule, the British followed a discriminatory tariff policy under which they imposed heavy tariffs (export duties) on India's export of handicraft products, while allowing free export of India's raw material to Britain and free import of British products to India
• This made Indian exports costlier and its international demand fell drastically
• India's export basket during the colonial rule consisted mainly of primary products like sugar, jute, silk, etc
• and the imports consisted of finished consumer goods like cotton, woolen clothes, etc, from Britain
• As the monopoly power of India's export and import rested with Britain, so, more than half of India's trade was restricted to Britain and the remaining imports were directed towards China, Persia, and Srilanka
Students often lose marks by skipping steps, writing incomplete explanations, or misunderstanding keywords used in the question.
Stay updated with our latest educational content and study tips
Have you ever noticed that doing activities such as playing outdoors, chilling with your friends, or using the mobile phone feels so effortless and fun? Whenever you might have played sports, you kept on playing even when it felt hard initially just so you could get that feeling after the game, a feeling of accomplishment, […]
Read More
Imagine this; You’re sitting in the test hall, pen in hand, and the question paper has been put in front of you. Rather than freezing, you feel calm, collected, and set. Why? As you have formerly been there in your mind. You’ve seen yourself sitting composibly, reviewing the question paper fluently, performing well in the […]
Read More
Parent-Teacher Meetings (PTMs) are more than quick updates on marks — they’re a chance to build a real partnership between home and school. A good Parent-Teacher Meeting conversation helps parents see beyond grades. It opens up insights about a child’s strengths, struggles, emotions and even hidden talents. When parents participate actively, they don’t just track […]
Read More
In today’s world of endless information , knowing how to think is more important than knowing what to think . From school projects to real – life decisions , critical thinking helps students question ideas , analyze facts and form logical conclusions . But what exactly does critical thinking mean ? Simply put , it’s […]
Read More
Student Discussion
Be the first to comment.
ADD NEW COMMENT