Question

The British imposed a 'policy of one-way free trade' on India after 1813.' Which of the following explains the statement?

• A. Indian exports were totally prohibited.
• B. The English exporters were favoured while Indian exports were charged with heavy taxes.
• C. Only the Indians employed by the British were allowed to export.
• D. The only item allowed to export was cotton.

Answer 1

The correct option is B The English exporters were favoured while Indian exports were charged with heavy taxes.

British ruined the Indian economy by imposing a policy of one-way free trade on India after 1813 this allowed British manufacturers, especially cotton textiles, to export goods to Indian markets at a nominal fee. But the products of Indian textile manufacturers were charged with heavy duties when they were exported to England.