Assertion (A): European Managing Agencies, which dominated production in India, were interested in certain kinds of products.

Reason (R): They established tea and coffee plantations, acquiring land at cheap rates from plantations, acquiring land at cheap rates from the Colonial Government; and they invested in mining, indigo and jute.

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Both (A) and (R) are true and (R) is the correct explanation of (A) .

Both (A) and (R) are true but (R) is not the correct explanation of (A).

(A) is correct but (R) is wrong.

(A) is wrong but (R) is correct.

answer is A.

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Detailed Solution

European management agencies were interested in tea and coffee plantations, and they invested in mining, indigo, and jute after obtaining land at low prices from the colonial authority. Bird Heiglers and Co., Andrew Yule, and Jardine Skinner are three well-known European agencies in India. They were active in various Indian products during that time. Mining, indigo, and jute were among the 'investments' they made. These items were utilised for trading purposes. During WWI, these institutions were in charge of a large segment of 'Indian industries.' These organisations raised funds, formed 'joint-stock' firms, and saw them through to completion.

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