Question

Which of the following were the features of the tariff system which destroyed the Indian economy?

• A. Low or zero import tariffs for British goods and high export tariffs for Indian goods
• B. Low or zero import tariffs for British goods and low or zero export tariffs for Indian goods
• C. High import tariffs for British goods and low or zero export tariffs for Indian goods
• D. High import tariffs for British goods and high export tariffs for Indian goods

Answer 1

The correct option is A

Low or zero import tariffs for British goods and high export tariffs for Indian goods

Low or zero import tariffs for British goods and high export tariffs for Indian goods meant Indian goods could not compete in the domestic or international market.