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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.
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B
By exporting a surplus amount of goods to India and importing lesser than that.
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C
By importing a lesser amount of goods in the following years.
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D
By stopping the import of goods from those countries.
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Solution

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.

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