Choose given statement is true/false:

The 3 of the biggest European Managing agencies controlled a large sector of Indian industries after the First World War.

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Detailed Solution

The above statement is True.
The 3 European Managing Agencies controlled a large sector of Indian industries after World War I. Bird Heilgers & Co., Andrew Yule, and Jardine Skinner & Co. were the three largest. These agencies raised capital and formed joint stock companies. These agencies were only interested in certain types of products. They established tea and coffee plantations after acquiring land at a low cost from the colonial government. They put money into mining, indigo, and jute. The majority of these items were exported. During World War I, European agencies controlled the majority of Indian industries.

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