Given below are two statements: Assertion A: The primary cause of India's recurring balance of payment surplus with Britain during the colonial periods was 'Home-charges'. Reason R: 'Home-charges' included expenses such as pension to British officers, interest on India's Public debt held in Britain and Salaries paid in England. In the light of the above statements, choose the most appropriate answer.
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The Indian economy before and after independence has come up 30 times in 4 exams since 2010.
This question is on Colonial drain of wealth and de-industrialisation, part of The Indian economy before and after independence in Indian Economy.
How British rule transferred resources out of India and weakened its traditional industry.
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Question from the CUET-PG 2026 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.