{"id":89177,"date":"2025-06-01T09:57:32","date_gmt":"2025-06-01T09:57:32","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=89177"},"modified":"2025-06-01T09:57:32","modified_gmt":"2025-06-01T09:57:32","slug":"consider-the-following-statements-about-indian-trade-and-commerce-in-t","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-about-indian-trade-and-commerce-in-t\/","title":{"rendered":"Consider the following statements about Indian trade and commerce in t"},"content":{"rendered":"<p>Consider the following statements about Indian trade and commerce in the medieval period :<\/p>\n<ul>\n<li>India exported cotton piece goods to the wider world in the medieval period.<\/li>\n<li>India received gold and silver from the wider world in lieu of her cotton goods.<\/li>\n<li>India also supplied raw materials to the European industries in the medieval period.<\/li>\n<\/ul>\n<p>Which of the statements given above is\/are correct ?<\/p>\n<p>[amp_mcq option1=&#8221;1 and 2&#8243; option2=&#8221;1 only&#8221; option3=&#8221;2 and 3&#8243; option4=&#8221;3 only&#8221; correct=&#8221;option1&#8243;]<\/p>\n<div class=\"psc-box-pyq-exam-year-detail\">\n<div class=\"pyq-exam\">\n<div class=\"psc-heading\">This question was previously asked in<\/div>\n<div class=\"psc-title line-ellipsis\">UPSC CAPF &#8211; 2009<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-capf-2009.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-capf-2009\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">\nStatement 1 is correct. India was a major global exporter of cotton textiles, spices, indigo, and other goods throughout the medieval period, traded via overland and maritime routes. Statement 2 is correct. India generally maintained a favourable balance of trade in the medieval period, leading to an inflow of precious metals, particularly gold and silver, in exchange for its high-value exports. Statement 3 is incorrect. While India produced raw materials, its primary role in international trade during the medieval period was as a major exporter of *finished goods*, especially textiles. The pattern of being a supplier of raw materials to European industries and an importer of their manufactured goods became dominant during the *colonial* period, not the medieval period.<br \/>\n<\/section>\n<section id=\"pyq-key-points\">\n&#8211; Medieval India was a significant player in global trade, exporting finished products.<br \/>\n&#8211; The balance of trade was generally in India&#8217;s favour, leading to bullion imports.<br \/>\n&#8211; India became a major source of raw materials for European industries primarily during the colonial era, not the medieval period.<br \/>\n<\/section>\n<section id=\"pyq-additional-information\">\nThe shift from being an exporter of finished goods to an exporter of raw materials and an importer of finished goods is a defining characteristic of the economic impact of colonialism on India.<br \/>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Consider the following statements about Indian trade and commerce in the medieval period : India exported cotton piece goods to the wider world in the medieval period. India received gold and silver from the wider world in lieu of her cotton goods. India also supplied raw materials to the European industries in the medieval period. &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Consider the following statements about Indian trade and commerce in t\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-about-indian-trade-and-commerce-in-t\/#more-89177\">Detailed Solution<span class=\"screen-reader-text\">Consider the following statements about Indian trade and commerce in t<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1085],"tags":[1462,1122,1253],"class_list":["post-89177","post","type-post","status-publish","format-standard","hentry","category-upsc-capf","tag-1462","tag-medieval-history-of-india","tag-mughal-period-miscellaneous","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Consider the following statements about Indian trade and commerce in t<\/title>\n<meta name=\"description\" content=\"Statement 1 is correct. India was a major global exporter of cotton textiles, spices, indigo, and other goods throughout the medieval period, traded via overland and maritime routes. Statement 2 is correct. India generally maintained a favourable balance of trade in the medieval period, leading to an inflow of precious metals, particularly gold and silver, in exchange for its high-value exports. Statement 3 is incorrect. While India produced raw materials, its primary role in international trade during the medieval period was as a major exporter of *finished goods*, especially textiles. The pattern of being a supplier of raw materials to European industries and an importer of their manufactured goods became dominant during the *colonial* period, not the medieval period. - Medieval India was a significant player in global trade, exporting finished products. - The balance of trade was generally in India&#039;s favour, leading to bullion imports. - India became a major source of raw materials for European industries primarily during the colonial era, not the medieval period.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-about-indian-trade-and-commerce-in-t\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consider the following statements about Indian trade and commerce in t\" \/>\n<meta property=\"og:description\" content=\"Statement 1 is correct. India was a major global exporter of cotton textiles, spices, indigo, and other goods throughout the medieval period, traded via overland and maritime routes. Statement 2 is correct. India generally maintained a favourable balance of trade in the medieval period, leading to an inflow of precious metals, particularly gold and silver, in exchange for its high-value exports. Statement 3 is incorrect. While India produced raw materials, its primary role in international trade during the medieval period was as a major exporter of *finished goods*, especially textiles. The pattern of being a supplier of raw materials to European industries and an importer of their manufactured goods became dominant during the *colonial* period, not the medieval period. - Medieval India was a significant player in global trade, exporting finished products. - The balance of trade was generally in India&#039;s favour, leading to bullion imports. - India became a major source of raw materials for European industries primarily during the colonial era, not the medieval period.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-about-indian-trade-and-commerce-in-t\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T09:57:32+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Consider the following statements about Indian trade and commerce in t","description":"Statement 1 is correct. India was a major global exporter of cotton textiles, spices, indigo, and other goods throughout the medieval period, traded via overland and maritime routes. Statement 2 is correct. India generally maintained a favourable balance of trade in the medieval period, leading to an inflow of precious metals, particularly gold and silver, in exchange for its high-value exports. Statement 3 is incorrect. While India produced raw materials, its primary role in international trade during the medieval period was as a major exporter of *finished goods*, especially textiles. The pattern of being a supplier of raw materials to European industries and an importer of their manufactured goods became dominant during the *colonial* period, not the medieval period. - Medieval India was a significant player in global trade, exporting finished products. - The balance of trade was generally in India's favour, leading to bullion imports. - India became a major source of raw materials for European industries primarily during the colonial era, not the medieval period.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-about-indian-trade-and-commerce-in-t\/","og_locale":"en_US","og_type":"article","og_title":"Consider the following statements about Indian trade and commerce in t","og_description":"Statement 1 is correct. India was a major global exporter of cotton textiles, spices, indigo, and other goods throughout the medieval period, traded via overland and maritime routes. Statement 2 is correct. India generally maintained a favourable balance of trade in the medieval period, leading to an inflow of precious metals, particularly gold and silver, in exchange for its high-value exports. Statement 3 is incorrect. While India produced raw materials, its primary role in international trade during the medieval period was as a major exporter of *finished goods*, especially textiles. The pattern of being a supplier of raw materials to European industries and an importer of their manufactured goods became dominant during the *colonial* period, not the medieval period. - Medieval India was a significant player in global trade, exporting finished products. - The balance of trade was generally in India's favour, leading to bullion imports. - India became a major source of raw materials for European industries primarily during the colonial era, not the medieval period.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-about-indian-trade-and-commerce-in-t\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T09:57:32+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-about-indian-trade-and-commerce-in-t\/","url":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-about-indian-trade-and-commerce-in-t\/","name":"Consider the following statements about Indian trade and commerce in t","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T09:57:32+00:00","dateModified":"2025-06-01T09:57:32+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"Statement 1 is correct. India was a major global exporter of cotton textiles, spices, indigo, and other goods throughout the medieval period, traded via overland and maritime routes. Statement 2 is correct. India generally maintained a favourable balance of trade in the medieval period, leading to an inflow of precious metals, particularly gold and silver, in exchange for its high-value exports. Statement 3 is incorrect. While India produced raw materials, its primary role in international trade during the medieval period was as a major exporter of *finished goods*, especially textiles. The pattern of being a supplier of raw materials to European industries and an importer of their manufactured goods became dominant during the *colonial* period, not the medieval period. - Medieval India was a significant player in global trade, exporting finished products. - The balance of trade was generally in India's favour, leading to bullion imports. - India became a major source of raw materials for European industries primarily during the colonial era, not the medieval period.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-about-indian-trade-and-commerce-in-t\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-about-indian-trade-and-commerce-in-t\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-about-indian-trade-and-commerce-in-t\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC CAPF","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-capf\/"},{"@type":"ListItem","position":3,"name":"Consider the following statements about Indian trade and commerce in t"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/89177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=89177"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/89177\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=89177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=89177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=89177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}