The objectives of import duty is/are
Ato raise income for the Bgovernment to restrict imports
Cto encourage exports
Dto raise income and restrict imports
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The Subsidiary Alliance System was “Non-Intervention Policy” used by Lord Wellesley who was the Governor-General (1798-1805) to establish the British Empire in India. According to this system, every ruler in India had to accept to pay a subsidy to the British for the maintenance of the British army.
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