Assertion(A): In the nineteenth century, British manufacturers flooded the Indian market.

Reason(R): The value of Indian exports to Britain was much higher than the value of British imports to India.

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Both (A) and (R) are true and (R) is the correct explanation of (A)

Both (A) and (R) are true but (R) is not the correct explanation of (A)

(A) is true but (R) is false

(A) is false but (R) is true

answer is C.

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Detailed Solution

The East India Company's trading monopoly was withdrawn in 1813, and Britain's commercial policy opened India to all, reducing India from a major exporting nation to an importing nation. Throughout the nineteenth century, British manufacturers flooded the Indian market.
The Indian market was then flooded with British machine-produced goods at lower prices and lost its export markets. As a result, Britain had a large trade surplus. Britain used this trade surplus to balance its trade deficits with countries where Britain imported more goods than it exported.
Thus, the Assertion is true, but the Reason is false.

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