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Q.

From which of the following trades did the early Indian entrepreneurs make a fortune?


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a

Textile trade

b

Chinese trade

c

Trade in tea

d

Industries  

answer is B.

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Detailed Solution

From the Chinese trade, the early Indian entrepreneurs made a fortune.
In the latter half of the eighteenth century, the British in India began exporting opium to China from India and exporting tea from China to England. Many Indian traders who took part in this exchange became wealthy. As a result of their involvement in these activities, they amassed considerable corporate enterprises and became wealthy. Riches and capital were also accumulated through trade networks with Burma, the Middle East, and East Africa.
 
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