Question

How did the British manage the losses incurred due to surplus imports from different countries?

• A. By selling goods at higher prices when they next traded with the countries.
• B. By exporting a surplus amount of goods to India and importing lesser than that.
• C. By importing a lesser amount of goods in the following years.
• D. By stopping the import of goods from those countries.

Answer 1

The correct option is B By exporting a surplus amount of goods to India and importing lesser than that.

The British had imposed high taxes on India. It made India a hub of manufactured goods and exported a huge amount of manufactured products, which was a lot lesser than the amount of products imported from India.