History · Colonial Economy
UGC NET December 2012 History
The policy of tariff holiday was practised by the British during
A1858 to 1870
B1870 to 1880
C1882 to 1894 ✓ Correct
D1898 to 1905
Correct answer: (C) 1882 to 1894 — The policy of tariff holiday was practised during 1882 to 1894, so the answer is 1882 to 1894.
Explanation
★The policy of tariff holiday was practised during 1882 to 1894, so the answer is 1882 to 1894.
★A tariff holiday meant removing import duties for a period.
★It was adopted to promote free trade between Britain and India.
★Cheap British goods, especially cotton textiles, then flowed into India without duty.
★This hurt Indian handloom weavers and the growing mill industry.
★Indian nationalists criticised such policies as serving British, not Indian, interests.
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