Q. The policy of ‘imperial preferences’ adopted by Britain in its colonies in 1932 is also known as the:
Answer: Ottawa Agreement
Notes: The British Empire Economic Conference (Ottawa Conference) was a 1932 conference of British colonies and the autonomous dominions held to discuss the Great Depression. The meeting worked to establish a zone of limited tariffs within the British Empire, but with high tariffs with the rest of the world. This was called “Imperial preference.”