Colonial Tariff Policy
The restrictive policies of commodity production, trade and tariff pursued by the colonial government adversely affected:
- Only agricultural production
- The structure, composition and volume of India's foreign trade — Correct Answer
- Only domestic trade
- Only industrial production
Explanation:
Correct Answer Explanation
Restrictive colonial policies adversely affected the structure, composition and volume of India's foreign trade.
Key Points:
- India became an exporter of primary products and importer of finished goods.
- Britain maintained monopoly control over India's trade.
- More than half the trade was restricted to Britain.
📚 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.
