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Q: Which of the following was the most important characteristic of India's trade throughout the colonial period?
  • A. Import surplus
  • B. Import deficiency
  • C. Export deficiency
  • D. Export surplus
Correct Answer: Option D - During the Colonial Period (1760-1947) the most significant characteristic of our trade was the generation of a large export surplus. This surplus cost our economy heavily, several essential commodities like food grains, clothes, Kerosene etc were not available in the domestic market.
D. During the Colonial Period (1760-1947) the most significant characteristic of our trade was the generation of a large export surplus. This surplus cost our economy heavily, several essential commodities like food grains, clothes, Kerosene etc were not available in the domestic market.

Explanations:

During the Colonial Period (1760-1947) the most significant characteristic of our trade was the generation of a large export surplus. This surplus cost our economy heavily, several essential commodities like food grains, clothes, Kerosene etc were not available in the domestic market.