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Q.

British had a trade surplus with:


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a

Africa

b

America

c

Italy

d

India 

answer is D.

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Detailed Solution

The British had a trade surplus with India. A country is said to be in a "trade surplus" when its annual exports exceed its yearly imports. Throughout the 19th century, British manufacturers invaded the Indian market. India has increased its raw materials and food exports to Britain and other nations. More British goods were exported to India than were imported. Britain used this surplus to offset its trade deficit with other countries. India played a significant role in aiding Britain's budgetary stability. Due to Britain's trade surplus in India, British diplomats' private remittances home and other trade costs were partially covered. Throughout the 19th century, British manufacturers invaded the Indian market. India increased its food and raw materials to the United Kingdom and other countries. However, the cost of British imports from India was considerably lower than that of British exports to India. Britain and India thus enjoyed a trade surplus.
 
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British had a trade surplus with: