Home charges were another exploitative measure of destroying India’s economy and administrative structure

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Detailed Solution

The above statement is True. Home charges were another exploitative measure of destroying India’s economy and administrative structure. Home charges can be defined as surplus taxes used by British officials or British people who lived in India. Britain used India’s trade surplus to maintain and balance the deficit of war on Britain. India played a pivotal role in the nineteenth-century world economy. The Home charges helped the British officers to for the private remittances home. The home charges were also a way of paying the interest of India’s external debts and pension to the British officers deputed in India.

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