2. Questions Bank
  3. 12th Class
  4. Economics
  5. Indian Economy On The Eve Of Independence

12th Class Economics Indian Economy On The Eve Of Independence Question Bank MCQs - Indian Economy on the Eve of Independence

  • question_answer
    The major characteristic of India's foreign trade during the colonial period was

    A) It maintained a huge export surplus

    B) It maintained an overall deficit

    C) It maintained the trade balance

    D) Imports were always greater than imports

    Correct Answer: A

    Solution :

    India maintained a huge export surplus but it did not resulted in inflow of gold or silver into India because the country had to make large foreign payments to England on account of administrative and war expenses.


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