Is it true that the humble peasants borrowed capital from the Indian bankers?

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True

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answer is A.

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Detailed Solution

The above statement is true.
The humble peasants obtained financing from Indian bankers.
The Capital was needed to grow food and other crops for the global market. The capital was borrowed from markets and banks by large plantations. However, the lowly peasants were forced to borrow money from Indian bankers. Several organisations of bankers and businessmen, such as Shikaripuri Shroffs and Nattukottai Chettiars, supported export agriculture in Central and Southeast Asia with either their funds or loans from European banks. They even created their native forms of corporate organisation. They had an advanced mechanism for transferring money over long distances. Hence, the statement is true.

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