How was the income received from trade surplus with India used by Britain ? -SST 10th

1 Answer

Answer :

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.

Related questions

Description : Define the term ‘Trade Surplus’. How was the income received from trade surplus with India used by Britain? -SST 10th

Last Answer : 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. ... officials and traders, interest payments on India's external debt, and pensions of British officials in India.

Description : How was the income received from trade surplus with India used by Britain ? -SST 10th

Last Answer : 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.

Description : Define the term ‘trade surplus’. How was the income received from trade surplus with India used by Britain? -SST 10th

Last Answer : Over the 19th century, British manufactures flooded the Indian market. Food grain and raw material exports from India to Britain increased. But the value of British exports to India was much ... and traders, interest payments on India's external debt and pensions of British officials in India.

Description : Define ‘trade surplus’. Why Britain had a trade surplus with India ? -SST 10th

Last Answer : It is a situation under which value of exports is more than imports. Britain had a ‘trade surplus’ because India was exporting food products to Britain which had less market value and it was importing finished goods which had higher market value.

Description : Define ‘trade surplus’. Why Britain had a trade surplus with India ? -SST 10th

Last Answer : It is a situation under which value of exports is more than imports. Britain had a ‘trade surplus’ because India was exporting food products to Britain which had less market value and it was importing finished goods which had higher market value.

Description : Pick out the wrong statement. (A) Gross revenue is that total amount of capital received as a result of the sale of goods or service (B) Net revenue is the total profit remaining ... indicates surplus capital and shows the relationship among total income, costs & profit over the time interval

Last Answer : (C) Working capital turnover ratio = sales/net working capital

Description : Which of the following was not one of the consequences of the policy of exporting raw materials and food grains from India to Britain? [IAS 2003] (a) It raised the prices of raw materials (b) ... (c) It led to agricultural shortage and famines (d) It denuded the country of her agricultural surplus

Last Answer : Ans: (c)

Description : From the due bag statement, the ____should prepare the due bag lists showing the number of bags of each description due to be received and depatched by each mail office or section (a) with mails or (b ... Record office b) Inspector , Post office c) Head of the circle, Head office d) None of these

Last Answer : a) Superintendent , Record office

Description : What is meant by ‘Trade Surplus’? -SST 10th

Last Answer : A Trade Surplus is an economic measure of a positive balance of trade, where a country's exports exceed its imports. Over the 19th century, British manufacturers flooded the Indian market. Food grains ... than the value of British imports from India. Thus, Britain had a trade surplus' with India.

Description : What is meant by ‘Trade Surplus’? -SST 10th

Last Answer : A Trade Surplus is an economic measure of a positive balance of trade, where a country's exports exceed its imports. Over the 19th century, British manufacturers flooded the Indian market. Food grains ... than the value of British imports from India. Thus, Britain had a trade surplus' with India.

Description : Define the term “Trade Surplus”. -SST 10th

Last Answer : Trade Surplus: It is a situation in which the total value of exports of a nation during the year exceeds the total value of imports. (i) Over the 19th century, British manufacturers ... India helped paying the home charges that included private remittances home by British officials and traders.

Description : brazil has a large trade surplus. this means that the country __________. -General Knowledge

Last Answer : Brazil has a large trade surplus.This means that the country exports more than it imports.

Description : ______ is the practice of growing crops and raising livestock sufficient only for one’s own use, without any surplus for trade a. Private Farming b. Extensive Farming c. Subsistence Farming d. Meagre Farming

Last Answer : c. Subsistence Farming

Description : The functional relationship between income and consumption expenditure is explained by - (1) Consumer' Surplus (2) Law of Demand (3) Law of Supply (4) Keynes's psychological law of consumption

Last Answer : (4) Keynes's psychological law of consumption Explanation: Keynes defined Psychological Law of Consumption in terms of, "The fundamental psychological law, upon which we are entitled to depend with great ... consumption as their income increases but not by as much as the increase in the income."

Description : 6. Assume that Potential Real GDP equals $10,000. National Income is therefore $10,000. Of this, consumers will pay $2,000 in taxes, save $1,000, and spend $7,000 on consumer goods. Business Investment ... . budget deficit of $1000 c. budget surplus of $1000 d. budget deficit of $2000 C C A A C

Last Answer : c. budget surplus of $1000

Description : Which of these is/are not included in net domestic product at factor cost. (a) Wages or compensation of employees ; (b) Rent, interest, profits or operating surplus; (c) Mixed income ; (d) None

Last Answer : (d) None

Description : ………………… is the personal income minus personal income tax and miscellaneous receipts of Government administrative departments. (a) Surplus income ; (b) Disposal income ; (c) Expendable income ; (d) Residual income

Last Answer :  (b) Disposal income ;

Description : The functional relationship between income and consumption expenditure is explained by (1) Consumer’ Surplus (2) Law of Demand (3) Law of Supply (4) Keynes’s psychological law of consumption

Last Answer :  Keynes’s psychological law of consumption

Description : What did Africa exports of great Britain during triangular trade?

Last Answer : Need answer

Description : What were some exports of great Britain during triangular trade?

Last Answer : shipping goods, and growing plants

Description : When did William Wilberforce and the abolitionists began their fight against the slave trade in Britain how much of Britain and economy was dependent upon the slave trade?

Last Answer : Need answer

Description : How do banks mediate between those who have surplus money and those who need money? -SST 10th

Last Answer : People keep their surplus money in banks for safety and interest which is provided by banks to them. Banks again keep only a small proportion of their cash with themselves. These days banks keep ... on with, day-to-day transactions. Like everyday, depositors come to withdraw some of their cash

Description : How do banks mediate between those who have surplus money and those who need money ? -SST 10th

Last Answer : (i) Banks keep small proportion of their deposit as cash with themselves. (ii) Major portion of deposit is used for extending loans. (iii) The banks mediate between depositors and borrowers in this way. (iv) They charge high rate of interest on loans than what they offer on deposits.

Description : Entered in the Purchases Journal are A) Discounts received B) Purchases invoices C) Payments to suppliers D) Trade discounts

Last Answer : Answer: B

Description : The Reserve Bank of India will transfer how much surplus to the government for FY‟16 as dividend? A) Rs 68876 crore B) Rs 65885 crore C) Rs 75876 crore D) Rs 65876 crore E) Rs 65776 crore

Last Answer : D) Rs 65876 crore Explanation: The Reserve Bank of India will Rs 65876 crore as surplus transfer to the government for FY 16, Rs 20 crore less that previous year s Rs 65896 crore, a central ... surplus approved by the Reserve Bank of India board could be used to fund the centre s fiscal deficit .

Description : The step towards development of an appropriate agricultural technique in india is working towards the motto of saving......... a) labour b) cost c) surplus labour d) all of the above

Last Answer : all of the above

Description : Income received in advance is a liability.

Last Answer : State True or False with reason : Income received in advance is a liability.

Description : Pre-received income is shown on ___________ side of Balance sheet. 

Last Answer : Pre-received income is shown on ___________ side of Balance sheet. (a) Assets (b) Liabilities (c) Credit (d) Debit

Description : What do you mean by pre-received income?

Last Answer : What do you mean by pre-received income?

Description : If factor income received from abroad is equal to factor income paid abroad , then which of the following is not a valid statement ?

Last Answer : If factor income received from abroad is equal to factor income paid abroad , then which of the following ... = `GNP_(MP)` D. All are valid

Description : Income and expenses for the year 2012 are- Fee Received in Cash - Rs.24,000 Accrued Fee - Rs.6,000 Rent for Chamber Paid - Rs.6,000 Outstanding Rent - Rs.2,000 Salary Paid to Staff - Rs.6,000 Miscellaneous Expenses Paid - Rs. ... basis ? (A) Rs. 11,800 (B) Rs. 13,200 (C) Rs. 16,800 (D) Rs. 30,000

Last Answer : Answer: Rs. 13,200

Description : Donations received for the special purpose will be taken to the– (A) Income and Expenditure Account (B) Assets side of the Balance Sheet (C) Liabilities side of the Balance Sheet (D) Receipts and Payments Account

Last Answer : Answer: Liabilities side of the Balance Sheet

Description : The sum total of incomes received for the services of labour, land or capital in a country is called (1) Gross domestic product (2) National income (3) Gross domestic income (4) Gross national income

Last Answer : (3) Gross domestic income Explanation: The Gross Domestic Income (GDI) is the total in-come received by all sectors of an economy within a nation. It includes the sum of all wages, profits, ... services), the gross domestic income of a count should exactly equal its gross domestic product (GDP).

Description : Transfer payments include : (1) Gifts received from a friend (2) rent free accommodation by the employer (3) net factor income from abroad (4) Employee's contribution to social security

Last Answer : (4) Employee's contribution to social security Explanation: A transfer payment is a oneway payment of money for which no money, good, or service is received in exchange. Governments ... payments include welfare (financial aid), social security, and government making subsidies for certain businesses

Description : Raman & Co., a Partnership firm, received Rs.5 lakh from Insurance Company under Keyman Insurance Policy consequent to demise of Partner Pramod. The amount of premium of Rs.230000 paid earlier was claimed as ... ) b) Fully taxable as Income c) Rs.270000 is taxable d) Rs.230000 is taxable

Last Answer : d) Rs.230000 is taxable

Description : Income from enhanced compensation shall be considered as income…………… a) In the year it is received b) In the year in which it is deemed to be received c) In any year at the option of the assessee

Last Answer : a) In the year it is received

Description : Personal disposable income is equal to .. (a) Wages and salaries + Dividends paid at home - Personal income tax (b) Wages and salaries + Dividends paid at home + Factor income ... + Dividends paid at home + Factor income received from abroad - Transfers from government - Personal income tax.

Last Answer : (c) Wages and salaries + Dividends paid at home + Factor income received from abroad + Transfers from government – Personal income tax.

Description : Transfer payments include : (1) Gifts received from a friend (2) rent free accommodation by the employer (3) net factor income from abroad (4) Employee's contribution to social security 

Last Answer : Employee's contribution to social security 

Description : The sum total of incomes received for the services of labour, land or capital in a country is called : (1) Gross domestic product (2) National income (3) Gross domestic income (4) Gross national income

Last Answer :  Gross domestic income

Description : 3. How do banks mediate between those who have surplus money and those who need money? -Economics 10th

Last Answer : Banks mediate between those who have surplus funds (the depositors) and those who are in need of funds (the borrowers) by lending money to people who are in need. People can open accounts ... is charged for the borrower and that profit is given to the depositor as interest for offering deposits.

Description : Do you give any credit to Bush senior for the budget surplus?

Last Answer : During the campaign when Clinton was first running for office, during one of the debates Bush I was asked what he was going to do about the economy. He stated that he wasn't going to do anything ... But in full answer to the question, I feel neither Bush I nor Clinton did anything for the economy.

Description : What are disadvantages of having a surplus in the economy?

Last Answer : Your perishables rot in the stockyards.

Description : What should I do with a surplus of cooked chicken breasts?

Last Answer : re read this and laughed at “I have 6 breasts and they are pretty big”—sounds like a real freak show

Description : Does anybody make vacuum tubes anymore? All I ever find are surplus.

Last Answer : answer:Without details as to type, there are over 39,000 currently listed on eBay. I’d say they’re still manufactured since there’s also availability on Amazon.

Description : What can I do about my college opening up a bank account in my name to transfer the surplus of my financial aid money to me?

Last Answer : Talk to your financial aid office as soon as possible. Ask them what the new policy is, and if it’s your only option.

Description : Who is the proponent of surplus value theory ?

Last Answer : Karl Marx, the proponent of surplus value theory.

Description : Who is the proponent of Theory of Surplus Value ?

Last Answer : Karl Marx, the proponent of the Theory of Surplus Value .

Description : What is the opposite of surplus ?

Last Answer : Inverse word deficit of surplus 7