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What do you mean by Surplus trade? Why the balance of trade is always favorable for Britain in terms of India?

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NCERT Important Questions for Class 10 Social Science History Chapter 3
Social Science Class 10 History
The Making of a Global World 3
Important Questions
(3/5) Mark Questions

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  1. . When export value is more than import value is known as Surplus Trade –
    – The excess of goods in the market of Britain.
    – Increase in export of grains and raw material exported to Britain and other countries of world from India.
    -The goods imported to India cost very high whereas the goods exported to Britain cost very less.

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