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The Economy on the Eve of Independence · Question 41 of 69

Question 41

MediumOriginal question

India's large export surplus under colonial rule was used mainly to

Options for question 41

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. The surplus paid for the office the British government kept in Britain, wars and invisible imports.

  2. This outflow is called the drain of India's wealth.

Concept
Export surplus and drain
Typical time
70 s
Your time
—
The rule this testsForeign trade and the drain
Practise this chapter →

Ten questions from The Economy on the Eve of Independence, at your own pace.

Practise this chapter →

Ten questions from The Economy on the Eve of Independence, at your own pace.