Worksheetsforeign trade on the eve of independence
Total questions: 9
Worksheet time: 3mins
What does the export surplus mean?
When export of current year of a country is more than previous year export
Total export of a country
When export of a country is more than import
When import of a country is more than export
What was the condition of foreign trade under British rule?
Net exporter of raw materials
Net importer of finished goods reproduced by British India
Surplus on account of foreign trade was spent on war expenses
All of these
_____________ canal provided a direct trade route for ships operating between Britain and India.
panama canal
suez canal
During british rule, more than 50% of India's foreign trade was confined to USA
FALSE
TRUE
More than half on India's foreign trade was restricted to :
china
korea
britain
sri lanka
drain of wealth means_________________?
inflow of domestic wealth to other countries for their wealth.
outflow of domestic wealth to other countries for their wealth.
export surplus was used:
to make payment for expenditure incurred by a british office.
to meet expenses on war
to import invisible items
all of these
indian became an ________________ of primary products and ___________________ of finished goods.
importer,exporter
exporter, importer
suez canal was opened in the year___________
1859
1869
1879
1868
