HistoryChoose the given statement that is true/false:Unlike today, merchants and bankers had very little influence on the state in the 18th Century.

Choose the given statement that is true/false:


Unlike today, merchants and bankers had very little influence on the state in the 18th Century.


  1. A
    True
  2. B
    False 

    Fill Out the Form for Expert Academic Guidance!l



    +91



    Live ClassesBooksTest SeriesSelf Learning



    Verify OTP Code (required)

    I agree to the terms and conditions and privacy policy.

    Solution:

    The above statement is false.
    The merchants and bankers had control over the revenue administration of the state, especially in the region of Avadh. The state also had to depend on these merchants and bankers for the daily revenue affairs of the Empire. It was also possible that the state of Awadh had also taken loans from local bankers and Mahajan whenever there was a deficit in the revenue. Moreover, the state had introduced the policy to collect the tax from various lands to the people who bid for the highest amount. These bankers and Mahajan, also referred to as revenue farmers or ijaradari, agreed to pay the state a fixed amount after bidding.
    The correct statement would be merchants and bankers had to influence the state in the 18th Century.
     
    Chat on WhatsApp Call Infinity Learn

      Talk to our academic expert!



      +91


      Live ClassesBooksTest SeriesSelf Learning




      Verify OTP Code (required)

      I agree to the terms and conditions and privacy policy.