Q. With reference to the socio – economic conditions on the eve of British conquest, which of the following statements is/are correct?
1. There were forced revenue collections from peasants.
2. India’s imports were higher than exports.
Select the correct answer using the code given below:
Even though the agricultural produce supported the rest of the society, a peasant’s own reward was miserably inadequate.
- They were forced to pay exorbitant amounts to the state, the zamindars, the jagirdars, and the revenue-farmers. But this worsened under British rule.
- On account of being self-sufficient in handicrafts and agricultural products, India did not import foreign goods on a large scale.
- On the other hand, its industrial and agricultural products were in good demand in foreign markets.
- Hence its exports were more than its imports; trade was balanced by import of silver and gold. India was known as a sink of precious metals.
Source: Spectrum Modern India.