Choose the given statement is true or false;

The British Government encouraged exporting finished materials to Europe.

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True

False

answer is B.

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Detailed Solution

The above statement is true.
Due to cheaper imports from other nations, the British were subject to intense market competition. The government has made plans to improve domestic industries. The English market was hit with massive import duties by the government. This resulted in an increase in Manchester cotton production in England. The export of finished products from India was prohibited in England. They promoted the export of raw materials, food grains, opium, and so on. Indian merchants were pushed out of the shipping industry. Only European ships were to be used for trade. The British made plans to push their competitors out of the market and make room for their products.

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