Foreign Trade Orientation at Independence
At the time of independence, India's foreign trade was oriented to feed:
- The Indian domestic market
- The Industrial Revolution in Britain — Correct Answer
- The growth of Asian economies
- The development of European markets
Explanation:
Correct Answer Explanation
Foreign trade at independence was oriented to feed the Industrial Revolution in Britain.
Key Points:
- India exported raw materials and imported finished goods.
- Britain had monopoly control over India's trade.
- This trade pattern was a key challenge facing independent India.
📚 About this Topic — CH-1: INDIAN ECONOMY ON THE EVE OF INDEPENDENCE
This multiple choice question is from CH-1: INDIAN ECONOMY ON THE EVE OF INDEPENDENCE, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-1: INDIAN ECONOMY ON THE EVE OF INDEPENDENCE to strengthen your preparation.
