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Class 10General KnowledgeWorld HistoryColonization and DecolonizationExpertLevel 79
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How could colonial currency policy link local economy with external markets?

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Answer and explanation

Correct answer: By making local exchange market dependent through cash tax and wage payments

Currency policy could change labour tax and market relations. For exams remember cash economy.

Related tags

Currency-PolicyCash-EconomyColonial-Market

Frequently asked questions

What is the correct answer to this question?

By making local exchange market dependent through cash tax and wage payments

Why is this the correct answer?

Currency policy could change labour tax and market relations. For exams remember cash economy.

Which subject and chapter does this question cover?

This is a Class 10 General Knowledge question. Chapter: World History. Topic: Colonization and Decolonization.

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10 more MCQs
  1. 1What is the simple meaning of colonization?
  2. 2What does decolonization mean?
  3. 3Why did European powers build many colonies?
  4. 4Which European power ruled India as a colony for a long time?
  5. 5The East India Company was mainly a company of which country?
  6. 6The need for raw materials was which type of cause of colonialism?
  7. 7Under colonial rule who generally controlled local people?
  8. 8Which economic benefit did European countries get from colonies?
  9. 9Which European country had major early colonial influence in many parts of the Americas?
  10. 10Which European country had major colonial influence over Brazil?
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