| Assertion [A] India's foreign trade maintained an export surplus throughout the colonial period but it didn't benefit the domestic economy. |
| Reason [R] The export surplus was used to meet the war expenses incurred by colonial setup and to import invisible items |
A) Both Assertion [A] and Reason [R] are true and Reason [R] is the correct explanation of Assertion [A]
B) Both Assertion [A] and Reason [R] are true, but Reason [R] is not the correct explanation of Assertion [A]
C) Assertion [A] is true, but Reason [R] is false
D) Assertion [A] is false, but Reason [R] is true
Correct Answer: A
Solution :
Export surplus did not result in flow of gold or silver in India and created shortages for essential commodities in the domestic market
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