Choose given statement is true/false:

The outflow of gold from Britain slowed after the Battle of Plassey and entirely stopped after the assumption of Diwani.

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

True

False

answer is A.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

The above statement is True.
The outflow of gold from Britain slowed after the Battle of Plassey and entirely stopped after the assumption of Diwani. The Diwani enabled the East India Company to utilise Bengal's huge streams of revenue. Earlier, the Company had to import gold and silver from Britain in return for most of the products it had to purchase in India. This was due to the fact that Britain at the time lacked products to sell in India. But after the Battle of Plassey, the flow of gold from Britain decreased, and it eventually ceased entirely after acquiring Diwani's rights. These earnings went toward maintaining Company troops, buying cotton and silk fabrics from India, and paying for constructing the Company's fort and offices in Calcutta.

Watch 3-min video & get full concept clarity