Question

Read the following case study and answer the following questions: Before colonial period, India was exporting manufactured goods which enjoyed worldwide demand. Under the colonial rule, India was reduced to a supplier of raw materials like jute, cotton, indigo, wool, sugar, etc and importer of finished consumer goods like silk and woolen clothes and light machinery manufactured in the factories of Britain. British maintained monopoly control over India’s foreign trade. As a result, more than half of India’s foreign trade was restricted to Britain while the rest was allowed with other few countries like China, Sri Lanka and Persia. The opening of the Suez Canal intensified British control over India’s foreign trade. Indian economy experienced huge export surplus at a cost to the country’s economy. Several essential commodities were scarcely available in the domestic market. i) How did the opening of the Suez Canal help the British? (1) ii) The export surplus was used for the welfare of Indian industry. (true/false). (1) iii) Name the countries with which India had foreign trade. (1) iv) What is the reason for shortage of food grain?​

Answer 1

Answer:

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Answer 2

Answer:

1 II) false 1 III) Britain