The East India Company started a triangular trade between India-China-Britain

to take balance of trade in favour of the company

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to get maximum profits

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to attain favour from China

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to get profit from India

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Solution

The correct option is A to take balance of trade in favour of the company
The British traders took opium from India to China and tea from China to England. Between India and England trade flowed both ways. By the early 19th century, exports of handlooms from India declined while the export of raw materials (silk and cotton) and foodgrains increased. From England, manufactured goods flowed into India leading to a decline of Indian artisanal production.

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Similar questions

Q. What was the main reason for unfavourable balance of trade between China and East India company during the nineteenth century?

Which of the following are the features of charter Act of 1813?
1. The trade monopoly of the East India Company was ended.
2. Trade in tea and trade with China was still exclusive to the East India Company.
3. The debts of the East India Company were taken over by the Government of India.
Which of the above statement(s) is/are correct?

Q. Choose the correct option.

Statement I: In 2019, China had an unfavourable balance of trade.

Statement II: In 2019, India had a favourable balance of trade.

Q. In 2019, India had a favourable balance of trade.

Q. The major trade routes in medieval India started from Eastern China and ended in.

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