India’s Monopoly Trade Partner
More than half of India's foreign trade during the colonial period was restricted to which country?
- China
- Britain — Correct Answer
- Persia (Iran)
- Ceylon (Sri Lanka)
Explanation:
Correct Answer Explanation
Britain maintained a monopoly control over India's exports and imports. More than half of India's foreign trade was restricted to Britain.
Key Points:
- Rest of trade allowed with China, Ceylon (Sri Lanka), and Persia (Iran).
- Opening of the Suez Canal further intensified British control.
- India generated a large export surplus at huge cost to the economy.
📚 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.
