Question

At the time of independence, the three most important commodities in India's exports were _______________________.

• A. Pepper, Cashew Kernel and Oil Cakes
• B. Jute, Tea and Cotton Textiles
• C. Coffee, Tea and Pepper
• D. Wool, Mica and Vegetable Oils

Answer 1

Answer: (B)

Jute, Tea and Cotton Textiles

Foreign trade refers to buying and selling of goods or services beyond the geographical limits of a country. at the time of independence, India is one of the prominent countries that export primary items like cotton, raw silk, sugar, tea, jute, indigo, etc Moreover, it is an importer of finished consumer goods like woolen and silk clothes, and capital goods like light machinery manufactured in Britain. During this period, Britain held a monopoly over India’s imports and exports.

Hence, option (B) is the correct answer.