Question

Identify the correct statement from the following:

पर्याय

• India developed sound industrial base under the colonial rule.

• India had very developed capital goods industries structure on the eve of independence.

• Under the colonial rule, India generated export surplus.

• The real motive of development of infrastructure under the british rule was to ensure development of India.

Answer 1

Under the colonial rule, India generated export surplus.

Explanation:

During British administration, India generated an export surplus. The British government exported primary or agricultural products to countries such as Britain, Sri Lanka, and Iran, generating an export surplus. However, no gold or silver were imported into India. The British government used this surplus to pay for war expenses, resulting in a transfer of wealth from India to Britain.