Which among the following provides best description of consequence of the colonial economic policies...........

Modern Indian History 1905-1920

Which among the following provides best description of consequence of the colonial economic policies of the British:

Development of foreign trade encouraged export of indigenous products across the world

Insistence on export of raw materials and import of finished goods

Free trade forced the infant Indian industries into an unequal competition with its highly organized British counterpart

Taxes were so raised so as to overburden the poor while letting the capitalist and bureaucrats go scot-free

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Master 1905-1920

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Explanation:

The British India adopted the policy of importing only raw materials from India and export finished goods in Indian markets. Manchester cotton goods were exported to Bengal in huge quantities and sold at a very cheap price. The English export of cotton goods to India was of the value of 1,200,000 pound sterling in 1786 but it reached 18,400,000 pound sterling by 1806. Subsequent progress was far more phenomenal.