Choose the statement as true or false.

Indian groups of bankers financed export agriculture in central and southeast Asia.

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

False

True

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.
India's Shikaripuri Shroffs and Nattukottai Chettiars were among many groups of bankers and traders who funded agricultural exports in Central and Southeast Asia with their funds or with funds borrowed from European banks. They have a sophisticated system for sending money over long distances and have even developed the native form of a business organisation. Indian traders and moneylenders also followed European colonists to Africa. In the 1860s, they began selling local and imported antiques to tourists. The number of tourists has begun to increase thanks to the development of safe and comfortable passenger ships.

Watch 3-min video & get full concept clarity