Question

What was the reason for scarce resources in Indian domestic market?

• A. Large export surplus
• B. Large import surplus
• C. Large export deficit
• D. Large import deficit

Answer 1

The correct option is A Large export surplus

Scarce resources in Indian domestic market was because the British exported manufactured goods in surplus because selling manufactured goods means making more money as a state. Having more money as a state in return means that it can reinvest and can help its citizens better.