Which of the following is not a European managing agency that controlled a large sector of Indian industries during the First World War?

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An Intiative by Sri Chaitanya

Bird Heiglers and Company

Andrew Yule

Jardine Skinner

East India Company

answer is D.

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Detailed Solution

The East India Company is not a European managing agency that controlled a large sector of Indian industries during the First World War. Indian traders were given significantly less room to operate as colonialism's level of control over the Indian trade increased. They were not allowed to trade in manufactured items but instead were allowed to export mostly raw materials, including opium, cotton, indigo, and wheat. European managing agencies like Andrew Yule, Jardine Skinner, and Bird Heilgers & Co. had disproportionate control over Indian businesses up until the First World War. While the Indian financiers provided the funding and were barred from any involvement regarding the business, those European organisations gained the upper hand in each of the investments and commercial choices.

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