Question

What do you understand by the drain of Indian wealth during the colonial period?

Or

What is tariff? Why is it imposed?​

Answer 1

Answer:

The drain of Indian wealth during colonial period : The drain of Indian wealth during colonial period means using export surplus as payments for expense incurred by an office set up by the colonial government in Britain, expenses on war fought by the British Government and the import of invisible items.

A tariff is a tax imposed by a government on goods and services imported from other countries that serves to increase the price and make imports less desirable, or at least less competitive, versus domestic goods and services. ... The government's hope is that the added cost will make imported goods much less desirable.