Define the term ‘Trade Surplus’. How was the income received from trade surplus with India used by Britain? [CBSE 2010, 2012, 2011]
When the value of exports is higher than value of imports, it is called as ‘Trade Surplus’.
(ii) Britain used this surplus to balance its trade deficits with other countries — that is. with countries from which Britain was importing more than it was selling to.
(iii) This is how n multi-lateral settlement system works—it allows one country’s deficit with another country to be settled by its surplus with a third country.
(iv) By helping Britain balance its deficits. India played a crucial role in the late- nineteenth century world economy.
(v) Britain’s trade surplus in India also helped to pay the so-called ‘home charges’ that included private remittances home by British officials and traders, interest payments on India’s external debt, and pensions of British officials in India.
Name the economist who thought that India gold exports during the Great Depression of 1929 promoted global economic recovery.
Define the term ‘Trade Surplus’. How was the income received from trade surplus with India used by Britain? [CBSE 2010, 2012, 2011]
Explain the impact of the First World War on Britain.
Or
How did the First World War change the economic life of the people in Britain ? Explain. [CBSE 2008 (D)]
Or
Describe in brief the world economic conditions of the post First World War period. [CBSE 2010 (D), Sept. 2012, 2013]
Highlight three main features of life of African people before the coming of Europeans. [CBSE 2013]
Name any two countries which became major supplier of wheat during the First World War.
India played a crucial role in the late 19th century world economy”. Explain. [CBSE 2014]
Write any three factors responsible for indentured labour migration from India. [CBSE Sept. 2010. 2013]
Give two examples of different types of global exchanges which took place before the 17th century, choosing one example from Asia, and one from the America.
What were the main sources of attraction for Europeans to come to Africa in the late nineteenth century ? How did they exploit their resources ? [CBSE 2010 (F)]
‘The First World War was modern industrial war’. Explain.
Or
Explain how the First World War was so horrible a war like none other before. [CBSE 2010 (0)]
Or
How far is it correct to say that "The First World Wax was the First modem industrial war”? Explain. [CBSE Sept. 2010]
How was the income received from trade surplus with India used by Britain ? [CBSE 2008 (D)]
Explain the three types of movements or flows within international economic exchange. Find one example of each type of flow which involved India and Indians, and write a short account of it.
What do you know about the Great Depression ? Explain the major factors responsible for the Great Depression. [CBSE 2008 (F), Sept. 2010, 2011, 2012, 2013]
Name the disease which had terrifying impact on people's livelihoods and local economy of Africa during 1890's.
Name any two world institutions which were established under the Bretton Woods. Also mention one objective of each. [CBSE 2014]