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Question

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


A
Large export surplus
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B
Large import surplus
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C
Large export deficit
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D
Large import deficit
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Solution

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.

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