Question:
Which of the following statements are correct?
1. British ‘trade surplus’ with India in the
nineteenth century meant that the value
of British exports to India was much higher
than the value of British imports from India.
2. India played a crucial role in the late nineteenth-century world economy by
helping Britain balance its deficits.
3. Britain grew opium in India and exported
it to China and, therefore, for a while after
the 1820s, opium became India’s single
largest export.
4. The nineteenth century saw export of
Indian raw materials decline and that of
manufactured goods increase.
Select the answer using the code given below :
Which of the following statements are correct?
1. British ‘trade surplus’ with India in the
nineteenth century meant that the value
of British exports to India was much higher
than the value of British imports from India.
2. India played a crucial role in the late nineteenth-century world economy by
helping Britain balance its deficits.
3. Britain grew opium in India and exported
it to China and, therefore, for a while after
the 1820s, opium became India’s single
largest export.
4. The nineteenth century saw export of
Indian raw materials decline and that of
manufactured goods increase.
Select the answer using the code given below :
Options:
- 1 and 2 only
- 3 and 4 only
- 1, 2, 3 and 4
- 1, 2 and 3 only
- 1 and 2 only
- 3 and 4 only
- 1, 2, 3 and 4
- 1, 2 and 3 only
Correct Answer: D) 1, 2 and 3 only
Explanation:
Statements 1, 2, and 3 are correct. India’s export of raw materials increased, and manufactured goods exports declined.
Statements 1, 2, and 3 are correct. India’s export of raw materials increased, and manufactured goods exports declined.