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The Economy on the Eve of Independence · Question 42 of 69

Question 42

MediumOriginal question

Assertion (A): India's export surplus under colonial rule did not benefit the Indian economy.

Reason (R): The surplus was spent on the colonial government's costs in Britain, its wars and invisible items.

Options for question 42

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. The money left the country instead of being invested in it.

  2. R explains A.

Concept
Drain of wealth
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.