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Consider the following statements with reference to trade and commerce during Mughal rule in India:
1. An increase in imported luxury items by nobles led to huge outgo of silver bullion from India.
2. Waterways and coastal trade along the seashore played a key role in the transportation of goods.
Which of the statements given above is/are correct?
1. An increase in imported luxury items by nobles led to huge outgo of silver bullion from India.
2. Waterways and coastal trade along the seashore played a key role in the transportation of goods.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements with reference to trade and commerce...
Statement 1: An increase in imported luxury items by nobles led to a huge outgo of silver bullion from India.
During the Mughal rule in India, there was a significant increase in the consumption of luxury items by the nobles. The Mughal emperors and the nobility had a penchant for luxury goods, which included precious metals such as silver. The demand for these luxury items was largely met through imports from various regions, including Persia, Central Asia, and Europe.
The nobles' preference for imported luxury items, especially silver, led to a considerable outflow of silver bullion from India. This outflow had a detrimental impact on the Indian economy as it resulted in a depletion of the country's silver reserves. This, in turn, affected the overall stability of the economy and resulted in a decline in the availability of silver for domestic use.
Statement 2: Waterways and coastal trade along the seashore played a key role in the transportation of goods.
During the Mughal rule, waterways and coastal trade played a crucial role in the transportation of goods. India has an extensive network of rivers, canals, and coastal regions, which made it easier for merchants to transport their goods using water routes. The major rivers such as the Ganges, Yamuna, and Brahmaputra, along with the coastal regions of Gujarat, Bengal, and Coromandel, served as important trade routes.
The Mughal rulers recognized the importance of waterways and coastal trade and took steps to improve and regulate these routes. They constructed canals, improved river navigation, and built ports to facilitate trade. The major ports like Surat, Hugli, and Masulipatnam emerged as important centers of trade and attracted merchants from different regions.
The waterways and coastal trade not only facilitated the movement of goods within India but also played a crucial role in connecting India with other regions of the world. Merchants from Persia, Arabia, Southeast Asia, and Europe used these routes to trade with India. The coastal regions, in particular, played a significant role in the export of goods such as textiles, spices, indigo, and precious metals.
Therefore, statement 1 is incorrect as it states that the increase in imported luxury items led to a huge outgo of silver bullion from India, whereas in reality, it was the nobles' preference for these luxury items that resulted in the outflow of silver bullion. Statement 2, on the other hand, is correct as waterways and coastal trade played a key role in the transportation of goods during the Mughal rule in India.
During the Mughal rule in India, there was a significant increase in the consumption of luxury items by the nobles. The Mughal emperors and the nobility had a penchant for luxury goods, which included precious metals such as silver. The demand for these luxury items was largely met through imports from various regions, including Persia, Central Asia, and Europe.
The nobles' preference for imported luxury items, especially silver, led to a considerable outflow of silver bullion from India. This outflow had a detrimental impact on the Indian economy as it resulted in a depletion of the country's silver reserves. This, in turn, affected the overall stability of the economy and resulted in a decline in the availability of silver for domestic use.
Statement 2: Waterways and coastal trade along the seashore played a key role in the transportation of goods.
During the Mughal rule, waterways and coastal trade played a crucial role in the transportation of goods. India has an extensive network of rivers, canals, and coastal regions, which made it easier for merchants to transport their goods using water routes. The major rivers such as the Ganges, Yamuna, and Brahmaputra, along with the coastal regions of Gujarat, Bengal, and Coromandel, served as important trade routes.
The Mughal rulers recognized the importance of waterways and coastal trade and took steps to improve and regulate these routes. They constructed canals, improved river navigation, and built ports to facilitate trade. The major ports like Surat, Hugli, and Masulipatnam emerged as important centers of trade and attracted merchants from different regions.
The waterways and coastal trade not only facilitated the movement of goods within India but also played a crucial role in connecting India with other regions of the world. Merchants from Persia, Arabia, Southeast Asia, and Europe used these routes to trade with India. The coastal regions, in particular, played a significant role in the export of goods such as textiles, spices, indigo, and precious metals.
Therefore, statement 1 is incorrect as it states that the increase in imported luxury items led to a huge outgo of silver bullion from India, whereas in reality, it was the nobles' preference for these luxury items that resulted in the outflow of silver bullion. Statement 2, on the other hand, is correct as waterways and coastal trade played a key role in the transportation of goods during the Mughal rule in India.
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Consider the following statements with reference to trade and commerce during Mughal rule in India:1. An increase in imported luxury items by nobles led to huge outgo of silver bullion from India.2. Waterways and coastal trade along the seashore played a key role in the transportation of goods.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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Consider the following statements with reference to trade and commerce during Mughal rule in India:1. An increase in imported luxury items by nobles led to huge outgo of silver bullion from India.2. Waterways and coastal trade along the seashore played a key role in the transportation of goods.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements with reference to trade and commerce during Mughal rule in India:1. An increase in imported luxury items by nobles led to huge outgo of silver bullion from India.2. Waterways and coastal trade along the seashore played a key role in the transportation of goods.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with reference to trade and commerce during Mughal rule in India:1. An increase in imported luxury items by nobles led to huge outgo of silver bullion from India.2. Waterways and coastal trade along the seashore played a key role in the transportation of goods.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
Consider the following statements with reference to trade and commerce during Mughal rule in India:1. An increase in imported luxury items by nobles led to huge outgo of silver bullion from India.2. Waterways and coastal trade along the seashore played a key role in the transportation of goods.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements with reference to trade and commerce during Mughal rule in India:1. An increase in imported luxury items by nobles led to huge outgo of silver bullion from India.2. Waterways and coastal trade along the seashore played a key role in the transportation of goods.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with reference to trade and commerce during Mughal rule in India:1. An increase in imported luxury items by nobles led to huge outgo of silver bullion from India.2. Waterways and coastal trade along the seashore played a key role in the transportation of goods.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
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