Which of the following statements are correct ? 1. British 'trade surplus' with India in the nineteenth century meant that the value of British exports to India was much higher than the value of British imports from India. 2. India played a crucial role in the late-nineteenth-century world economy by helping Britain balance its deficits. 3. Britain grew opium in India and exported it to China and, therefore, for a while after the 1820s, opium became India's single largest export. 4. The nineteenth century saw export of Indian raw materials decline, and that of manufactured goods increase. Select the answer using the code given below :

With reference to the period of colonial rule in India, “Home Charges” formed an important part of drain of wealth from India. Which of the following funds constituted “Home Charges”? 1. Funds used t…

Which of the following statements correctly explains the impact of Industrial Revolution on India during the first half of the nineteenth century?

The artificially fixed rupee-sterling exchange rate prescribed by the Hilton-Young Commission (1926) was adopted by the British Government for which one of the following reasons?

Which one of the following statements correctly defines the term ‘Drain Theory’ as propounded by Dadabhai Naoroji?

Economically, one of the results of the British rule in India in the 19th century was the