Choose whether the statement is true or false.

The primary sources of credit for the state of Awadh were the Mahajans and neighbourhood bankers, giving the highest bidder the right to collect taxes.

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Detailed Solution

The above statement is true.
The primary sources of credit for the state of Awadh were the Mahajan and neighbourhood bankers. It gave the right to collect taxes to the highest bidder. These "revenue farmers" (also referred to as ijaradars) agreed to deliver the state a specific sum of money. Regional bankers assured that the agreed-upon amount would be paid to the state. Hence revenue farmers were granted extensive discretion over the assessment and collection of taxes. As a result of these changes, bankers and moneylenders, two social groups previously unheard of, were now able to influence the methods by which the government administers its revenue system.

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