The export surplus during the British rule was used: 

Important Questions on India on the Eve of Independence

MEDIUM

Economics>Indian Economy Post-independence>India on the Eve of Independence>Foreign Trade under Colonial Rule

Discuss the state of India's foreign trade during colonial rule.

EASY

Economics>Indian Economy Post-independence>India on the Eve of Independence>Foreign Trade under Colonial Rule

Opening of _____ (Suez/Panama)Canal significantly reduced the cost of transportation of goods between Britain and India. 

MEDIUM

Economics>Indian Economy Post-independence>India on the Eve of Independence>Foreign Trade under Colonial Rule

What is meant by the 'drain of Indian wealth' during the colonial period?

EASY

Economics>Indian Economy Post-independence>India on the Eve of Independence>Foreign Trade under Colonial Rule

Less than $50$% of India's foreign trade was restricted to Britain. 

EASY

Economics>Indian Economy Post-independence>India on the Eve of Independence>Foreign Trade under Colonial Rule

More than half of India's foreign trade was restricted to:

EASY

Economics>Indian Economy Post-independence>India on the Eve of Independence>Foreign Trade under Colonial Rule

The opening of the Suez Canal served as a direct route for ships operating between:

HARD

Economics>Indian Economy Post-independence>India on the Eve of Independence>Foreign Trade under Colonial Rule

Comment upon any two salient features of the foreign trade policy of India, on the eve of Independence.

HARD

Economics>Indian Economy Post-independence>India on the Eve of Independence>Foreign Trade under Colonial Rule

Indicate the volume and direction of trade at the time of independence.

MEDIUM

Economics>Indian Economy Post-independence>India on the Eve of Independence>Foreign Trade under Colonial Rule

During the British rule, the condition of India's foreign trade was:

MEDIUM

Economics>Indian Economy Post-independence>India on the Eve of Independence>Foreign Trade under Colonial Rule

What was the literacy rate in India during the colonial period?

EASY

Economics>Indian Economy Post-independence>India on the Eve of Independence>Foreign Trade under Colonial Rule

During British rule, more than $50\%$ of India's foreign trade was confined to the USA.

HARD

Economics>Indian Economy Post-independence>India on the Eve of Independence>Foreign Trade under Colonial Rule

During British rule, India became an exporter of manufactured goods. 

EASY

Economics>Indian Economy Post-independence>India on the Eve of Independence>Foreign Trade under Colonial Rule

Which two continents are connected by the Suez Canal?

HARD

Economics>Indian Economy Post-independence>India on the Eve of Independence>Foreign Trade under Colonial Rule

There was huge drain of wealth during the British rule. 

MEDIUM

Economics>Indian Economy Post-independence>India on the Eve of Independence>Foreign Trade under Colonial Rule

What characterized India's foreign trade during the colonial period?

EASY

Economics>Indian Economy Post-independence>India on the Eve of Independence>Foreign Trade under Colonial Rule

More than $1/2$ of India's foreign trade was restricted to _____ (Britain/America)while the rest was allowed with few other countries.

MEDIUM

Economics>Indian Economy Post-independence>India on the Eve of Independence>Foreign Trade under Colonial Rule

Prepare a list of items that were exported from and imported into India during the British rule.

MEDIUM

Economics>Indian Economy Post-independence>India on the Eve of Independence>Foreign Trade under Colonial Rule

Which of the following economists estimated India’s per capita income during the colonial period?

HARD

Economics>Indian Economy Post-independence>India on the Eve of Independence>Foreign Trade under Colonial Rule

Which handicraft industries flourished in India before the British rule?

EASY

Economics>Indian Economy Post-independence>India on the Eve of Independence>Foreign Trade under Colonial Rule

Write a short note on the drain of India's wealth during the British rule.