Choose given statements is true/false:

European Managing Agencies controlled a large sector of Indian Industries.

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Detailed Solution

The above statement is True.
Many managing agencies in Europe worked to control a large sector of the Industries established in India. However, they tend to control a large sector of them instead. Some examples of such agencies are Andrew Yule, and Jardine Skinner & CoBird Higher & Co. Britishers appointed such agencies to control Indian Industries because they wanted to assert control over every aspect of their colonies. They were so insecure that they could not leave anything under the autonomy of Indians, so they had to check and manage everything. They did this either directly or indirectly.

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