History · Modern Indian History
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: In the later part of the eighteenth century, the English achieved a final solution to the problem of financing their adverse balance of trade in Asia by utilizing Bengal revenues and exporting opium to China. Reason R: Under the mercantilist belief, the export of bullion out of a country was considered detrimental to its economy, creating severe pressure on European companies to find alternative ways to pay for Eastern goods. In light of the above statements, choose the most appropriate answer from the options given below:
- 1Assertion A is correct but Reason R is not correct
- 2Both Assertion A and Reason R are correct and Reason R is the correct explanation of Assertion A✓
- 3Assertion A is not correct but Reason R is correct
- 4Both Assertion A and Reason R are correct but Reason R is NOT the correct explanation of Assertion A
Correct answer
Both Assertion A and Reason R are correct and Reason R is the correct explanation of Assertion A
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