Multiple choice

Britain’s trade surplus in India helped pay the ‘home charges’. Which of the following is not included in 'home charges'?

  1. Private remittances home by British officials

  2. Private remittances home by British traders

  3. Interest payments on India’s external debt

  4. Pensions of British officials in India

  5. Interest payments on India’s trade deficit
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

No, as India's trade deficit was paid through the 'home charges'.

Keep practicing — related questions