Question

Define the term ‘Trade Surplus’. How was the income received from trade surplus with India used by Britain?

Answer 1

Trade surplus refers to the value amount when a country’s exports are greater than the cost of its imports.

Explanation:

• The worth of British imports from India was less than the worth of British exports to India.
• The difference in the amount was Britain’s trade surplus.
• They used this money with the countries with whom their imports were higher than the exports.
• It was also used in paying the home charges, interest payments and the businesses opened by British officers residing in India.

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Answer 2

‘Trade Surplus’:

• Surplus is the term used to mean excess. In case of trade, the production of the good is equivalent to expenditure like packing and transportation.
• But, often the production exceeds the expense and that is called the Trade Surplus, from where the profit in trade comes.  
• Britain came to India in the name of trade. They used the trade surplus to slowly get in good book of the contemporary kings of India and buy lands and other stuffs from them.
• Slowly they started colonizing in India. They used to take the profit to their own country.

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