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Q: There are two statements in the question, the first being Assertion (A) and the second being Reason (R). Use them to choose the right option. Assertion (A) : During British rule, India's exports exceeded its imports, leading to a surplus trade balance. Reason (R): The surplus of trade balance was used for the development and upliftment of India.
  • A. A is true and R is false.
  • B. Both A and R are true and R is the correct explanation of A.
  • C. Both A and R are true but R is not the correct explanation of A.
  • D. A is false and R is true
Correct Answer: Option A - By the end of the 18th century, India's exports exceeded its imports primarily due to the east India Company's Practice of purchasing Indian goods and exporting them. This practice allowed the company to access a wide range of high-quality Indian goods and export them to international markets. The surplus of trade balance was not used for the development and upliftment of India. The east India company's practice of purchasing Indian goods allowed the company to export these Indian goods to other parts of the world, including Europe and china, where they were in high demand. Hence, Assertion (A) is true and Reason (R) is false.
A. By the end of the 18th century, India's exports exceeded its imports primarily due to the east India Company's Practice of purchasing Indian goods and exporting them. This practice allowed the company to access a wide range of high-quality Indian goods and export them to international markets. The surplus of trade balance was not used for the development and upliftment of India. The east India company's practice of purchasing Indian goods allowed the company to export these Indian goods to other parts of the world, including Europe and china, where they were in high demand. Hence, Assertion (A) is true and Reason (R) is false.

Explanations:

By the end of the 18th century, India's exports exceeded its imports primarily due to the east India Company's Practice of purchasing Indian goods and exporting them. This practice allowed the company to access a wide range of high-quality Indian goods and export them to international markets. The surplus of trade balance was not used for the development and upliftment of India. The east India company's practice of purchasing Indian goods allowed the company to export these Indian goods to other parts of the world, including Europe and china, where they were in high demand. Hence, Assertion (A) is true and Reason (R) is false.