The impact of colonisation on Indian traders is listed below.

Pick out the true statement among the given options:Pick out the true statement among the given options:

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The old ports - Hooghly and Surat declined

The scope of functioning of Indian merchants narrowed

European Companies gained the monopoly rights to trade

All of these

answer is D.

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Detailed Solution

Indian merchants' operating options were progressively constrained as colonial control over trade grew tighter. They couldn't trade in manufactured items with Europe; instead, they had to export what the British needed. The European corporations gradually gained power by obtaining several judicial concessions and securing trading monopolies. It caused the old ports of Surat and Hooghly, where regional traders had conducted business, to decline. As a result, exports from these ports drastically decreased. The earlier trade's source of credit started to dry up, and local bankers gradually went bankrupt.

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