SSC MTS EXAM

SSC

INDIAN ECONOMY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Introduction of ____ tariff policy by the Britishers led to the decay of Indian handicraft industries.
A
Zamindari
B
Modernization
C
Discriminatory
D
None of these
Explanation: 

Detailed explanation-1: -Under discriminatory tariff policy, there was no duty on the export of goods from India and import of British finished goods to India. But heavy duty was placed on the export of handicrafts. So Indian handicrafts stalled looking both domestic and export market. It led to the decay of Indian handicrafts.

Detailed explanation-2: -1) Discriminatory Tariff Policy: The British Government allowed tariff free export of raw materials from India and tariff free import of British industrial products into India. But a heavy duty on the export of Indian handicrafts products. It leads to decay of handicrafts industry in India.

Detailed explanation-3: -The decay of handicraft industries: The traditional handicraft industries in India were flourishing and were known worldwide. However, with the British arriving in India, they stopped the practice of using hand crafted exports by placing tariffs on them. Also, there was stiff competition from the machine-made products.

There is 1 question to complete.