Question

What is meant by ‘Home Charges
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Answer 1

The consist of payment of pensions and salaries of British people staying in india and interests earned on external debt of india.

Answer 2

$\huge\underline\mathscr\pink{Hey \: Mate!}$

Before independence in India, home charges were special types of contributions which were used by the British government for meeting various types of expenses for maintenance of the colony.

These consist of payments of pensions and salaries of British people staying in India and interests earned on external debt of India.

Surpluses from the trade were used for making these payments.

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