SSC MTS EXAM

Detailed explanation-1: -Britain retained its monopoly control and ruled over India’s imports and exports. Half of India’s foreign trade was only authorised to Britain and the rest half was allowed to trade with other countries like Ceylon (Sri Lanka), China, and Persia (Iran).

Detailed explanation-2: -The British set up restrictions that prevented the Indian economy from operating on its own. British policies called for India to produce raw mate-rials for British manufacturing and to buy British goods. In addition, Indian competition with British goods was prohibited.

Detailed explanation-3: -The britishers started bringing the finished products into markets which were cheaper and ruined india’s trade. The britishers imposed heavy taxes on the products that India exported out. The britishers especially imposed taxes on the handicraft industries which exported their products outside.