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Q.

The Indian bankers were Shikaripuri Shroffs and Nattu Kottai Chettiars.

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a

True

b

False

answer is A.

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Detailed Solution

Shikaripuri Shroffs and Nattu Kottai Chettiars were amongst the many groups of bankers and traders who financed export agriculture in Central and Southeast Asia, using either their own funds or those borrowed from European banks. They had a sophisticated system to transfer money over large distances and even developed indigenous forms of corporate organisation

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