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Read the source given below and answer the questions that follows:
The European companies gradually gained power – first securing a variety of concessions from local courts, then the monopoly rights to trade. This resulted in a decline of the old ports of Surat and Hooghly through which local merchants had operated. Exports from these ports fell dramatically, the credit that had financed the earlier trade began drying up, and the local bankers slowly went bankrupt. In the last years of the seventeenth century, the gross value of trade that passed through Surat had been ₹16 million. By the 1740s it had slumped to ₹3 million.
Answer the following MCQs by choosing the most appropriate option.
Q. Who secured concessions from local Courts?
- a)The American companies
- b)The European companies
- c)The Asian companies
- d)The Africa companies
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
Read the source given below and answer the questions that follows:The...
- The European companies gradually gained power in trade with India.
- They secured many concessions from local courts as well as the monopoly rights to trade.
- This led to a decline of the old ports of Surat and Hooghly from where local merchants had operated.
- Exports from these ports fell abruptly and local banks here went bankrupt.
Most Upvoted Answer
Read the source given below and answer the questions that follows:The...
Yes, the European companies were the ones who had secured concessions from local courts, and even took the monopoly rights to trade. They did that to gain power.
It is mentioned in the 1st line of the 2nd paragraph.
'
The European companies gradually gained power – first securing a variety of concessions from local courts, then the monopoly rights to trade.
'Hence, the correct answer to be chosen will be:
b) The European companies
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Community Answer
Read the source given below and answer the questions that follows:The...
The European companies secured concessions from local courts.
Explanation:
- The source states that the European companies gradually gained power in the region.
- These companies were able to secure a variety of concessions from local courts.
- This means that they obtained special privileges or rights from the local courts, which gave them an advantage in their trading activities.
- These concessions allowed the European companies to establish a monopoly on trade in the region.
- With the monopoly rights to trade, the European companies had control over the flow of goods and were able to dominate the market.
- As a result of their growing power and control, the old ports of Surat and Hooghly, which were previously used by local merchants, declined in importance.
- The decline of these ports had significant consequences for the local merchants and the economy of the region.
- Exports from these ports fell dramatically, leading to a decline in trade and economic activity.
- The credit that had financed the earlier trade also began drying up, meaning that there was less money available for merchants to conduct their business.
- As a result, the local bankers slowly went bankrupt.
- The decline of the old ports and the bankruptcy of local bankers had a profound impact on the economy of the region.
- The source provides a specific example to illustrate the decline in trade: in the last years of the seventeenth century, the gross value of trade that passed through Surat was ₹16 million, but by the 1740s, it had slumped to ₹3 million.
- This example highlights the significant decrease in trade that occurred as a result of the European companies' gaining power and securing the monopoly rights to trade in the region.
- Overall, the European companies were able to secure concessions from local courts, which allowed them to establish a monopoly on trade and exert control over the economy of the region.
Explanation:
- The source states that the European companies gradually gained power in the region.
- These companies were able to secure a variety of concessions from local courts.
- This means that they obtained special privileges or rights from the local courts, which gave them an advantage in their trading activities.
- These concessions allowed the European companies to establish a monopoly on trade in the region.
- With the monopoly rights to trade, the European companies had control over the flow of goods and were able to dominate the market.
- As a result of their growing power and control, the old ports of Surat and Hooghly, which were previously used by local merchants, declined in importance.
- The decline of these ports had significant consequences for the local merchants and the economy of the region.
- Exports from these ports fell dramatically, leading to a decline in trade and economic activity.
- The credit that had financed the earlier trade also began drying up, meaning that there was less money available for merchants to conduct their business.
- As a result, the local bankers slowly went bankrupt.
- The decline of the old ports and the bankruptcy of local bankers had a profound impact on the economy of the region.
- The source provides a specific example to illustrate the decline in trade: in the last years of the seventeenth century, the gross value of trade that passed through Surat was ₹16 million, but by the 1740s, it had slumped to ₹3 million.
- This example highlights the significant decrease in trade that occurred as a result of the European companies' gaining power and securing the monopoly rights to trade in the region.
- Overall, the European companies were able to secure concessions from local courts, which allowed them to establish a monopoly on trade and exert control over the economy of the region.
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Read the source given below and answer the questions that follows:The European companies gradually gained power – first securing a variety of concessions from local courts, then the monopoly rights to trade. This resulted in a decline of the old ports of Surat and Hooghly through which local merchants had operated. Exports from these ports fell dramatically, the credit that had financed the earlier trade began drying up, and the local bankers slowly went bankrupt. In the last years of the seventeenth century, the gross value of trade that passed through Surat had been ₹16 million. By the 1740s it had slumped to ₹3 million.Answer the following MCQs by choosing the most appropriate option.Q. Who secured concessions from local Courts?a)The American companiesb)The European companiesc)The Asian companiesd)The Africa companiesCorrect answer is option 'B'. Can you explain this answer?
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Read the source given below and answer the questions that follows:The European companies gradually gained power – first securing a variety of concessions from local courts, then the monopoly rights to trade. This resulted in a decline of the old ports of Surat and Hooghly through which local merchants had operated. Exports from these ports fell dramatically, the credit that had financed the earlier trade began drying up, and the local bankers slowly went bankrupt. In the last years of the seventeenth century, the gross value of trade that passed through Surat had been ₹16 million. By the 1740s it had slumped to ₹3 million.Answer the following MCQs by choosing the most appropriate option.Q. Who secured concessions from local Courts?a)The American companiesb)The European companiesc)The Asian companiesd)The Africa companiesCorrect answer is option 'B'. Can you explain this answer? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Read the source given below and answer the questions that follows:The European companies gradually gained power – first securing a variety of concessions from local courts, then the monopoly rights to trade. This resulted in a decline of the old ports of Surat and Hooghly through which local merchants had operated. Exports from these ports fell dramatically, the credit that had financed the earlier trade began drying up, and the local bankers slowly went bankrupt. In the last years of the seventeenth century, the gross value of trade that passed through Surat had been ₹16 million. By the 1740s it had slumped to ₹3 million.Answer the following MCQs by choosing the most appropriate option.Q. Who secured concessions from local Courts?a)The American companiesb)The European companiesc)The Asian companiesd)The Africa companiesCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the source given below and answer the questions that follows:The European companies gradually gained power – first securing a variety of concessions from local courts, then the monopoly rights to trade. This resulted in a decline of the old ports of Surat and Hooghly through which local merchants had operated. Exports from these ports fell dramatically, the credit that had financed the earlier trade began drying up, and the local bankers slowly went bankrupt. In the last years of the seventeenth century, the gross value of trade that passed through Surat had been ₹16 million. By the 1740s it had slumped to ₹3 million.Answer the following MCQs by choosing the most appropriate option.Q. Who secured concessions from local Courts?a)The American companiesb)The European companiesc)The Asian companiesd)The Africa companiesCorrect answer is option 'B'. Can you explain this answer?.
Read the source given below and answer the questions that follows:The European companies gradually gained power – first securing a variety of concessions from local courts, then the monopoly rights to trade. This resulted in a decline of the old ports of Surat and Hooghly through which local merchants had operated. Exports from these ports fell dramatically, the credit that had financed the earlier trade began drying up, and the local bankers slowly went bankrupt. In the last years of the seventeenth century, the gross value of trade that passed through Surat had been ₹16 million. By the 1740s it had slumped to ₹3 million.Answer the following MCQs by choosing the most appropriate option.Q. Who secured concessions from local Courts?a)The American companiesb)The European companiesc)The Asian companiesd)The Africa companiesCorrect answer is option 'B'. Can you explain this answer? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Read the source given below and answer the questions that follows:The European companies gradually gained power – first securing a variety of concessions from local courts, then the monopoly rights to trade. This resulted in a decline of the old ports of Surat and Hooghly through which local merchants had operated. Exports from these ports fell dramatically, the credit that had financed the earlier trade began drying up, and the local bankers slowly went bankrupt. In the last years of the seventeenth century, the gross value of trade that passed through Surat had been ₹16 million. By the 1740s it had slumped to ₹3 million.Answer the following MCQs by choosing the most appropriate option.Q. Who secured concessions from local Courts?a)The American companiesb)The European companiesc)The Asian companiesd)The Africa companiesCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the source given below and answer the questions that follows:The European companies gradually gained power – first securing a variety of concessions from local courts, then the monopoly rights to trade. This resulted in a decline of the old ports of Surat and Hooghly through which local merchants had operated. Exports from these ports fell dramatically, the credit that had financed the earlier trade began drying up, and the local bankers slowly went bankrupt. In the last years of the seventeenth century, the gross value of trade that passed through Surat had been ₹16 million. By the 1740s it had slumped to ₹3 million.Answer the following MCQs by choosing the most appropriate option.Q. Who secured concessions from local Courts?a)The American companiesb)The European companiesc)The Asian companiesd)The Africa companiesCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Read the source given below and answer the questions that follows:The European companies gradually gained power – first securing a variety of concessions from local courts, then the monopoly rights to trade. This resulted in a decline of the old ports of Surat and Hooghly through which local merchants had operated. Exports from these ports fell dramatically, the credit that had financed the earlier trade began drying up, and the local bankers slowly went bankrupt. In the last years of the seventeenth century, the gross value of trade that passed through Surat had been ₹16 million. By the 1740s it had slumped to ₹3 million.Answer the following MCQs by choosing the most appropriate option.Q. Who secured concessions from local Courts?a)The American companiesb)The European companiesc)The Asian companiesd)The Africa companiesCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 10.
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Here you can find the meaning of Read the source given below and answer the questions that follows:The European companies gradually gained power – first securing a variety of concessions from local courts, then the monopoly rights to trade. This resulted in a decline of the old ports of Surat and Hooghly through which local merchants had operated. Exports from these ports fell dramatically, the credit that had financed the earlier trade began drying up, and the local bankers slowly went bankrupt. In the last years of the seventeenth century, the gross value of trade that passed through Surat had been ₹16 million. By the 1740s it had slumped to ₹3 million.Answer the following MCQs by choosing the most appropriate option.Q. Who secured concessions from local Courts?a)The American companiesb)The European companiesc)The Asian companiesd)The Africa companiesCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Read the source given below and answer the questions that follows:The European companies gradually gained power – first securing a variety of concessions from local courts, then the monopoly rights to trade. This resulted in a decline of the old ports of Surat and Hooghly through which local merchants had operated. Exports from these ports fell dramatically, the credit that had financed the earlier trade began drying up, and the local bankers slowly went bankrupt. In the last years of the seventeenth century, the gross value of trade that passed through Surat had been ₹16 million. By the 1740s it had slumped to ₹3 million.Answer the following MCQs by choosing the most appropriate option.Q. Who secured concessions from local Courts?a)The American companiesb)The European companiesc)The Asian companiesd)The Africa companiesCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Read the source given below and answer the questions that follows:The European companies gradually gained power – first securing a variety of concessions from local courts, then the monopoly rights to trade. This resulted in a decline of the old ports of Surat and Hooghly through which local merchants had operated. Exports from these ports fell dramatically, the credit that had financed the earlier trade began drying up, and the local bankers slowly went bankrupt. In the last years of the seventeenth century, the gross value of trade that passed through Surat had been ₹16 million. By the 1740s it had slumped to ₹3 million.Answer the following MCQs by choosing the most appropriate option.Q. Who secured concessions from local Courts?a)The American companiesb)The European companiesc)The Asian companiesd)The Africa companiesCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Read the source given below and answer the questions that follows:The European companies gradually gained power – first securing a variety of concessions from local courts, then the monopoly rights to trade. This resulted in a decline of the old ports of Surat and Hooghly through which local merchants had operated. Exports from these ports fell dramatically, the credit that had financed the earlier trade began drying up, and the local bankers slowly went bankrupt. In the last years of the seventeenth century, the gross value of trade that passed through Surat had been ₹16 million. By the 1740s it had slumped to ₹3 million.Answer the following MCQs by choosing the most appropriate option.Q. Who secured concessions from local Courts?a)The American companiesb)The European companiesc)The Asian companiesd)The Africa companiesCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Read the source given below and answer the questions that follows:The European companies gradually gained power – first securing a variety of concessions from local courts, then the monopoly rights to trade. This resulted in a decline of the old ports of Surat and Hooghly through which local merchants had operated. Exports from these ports fell dramatically, the credit that had financed the earlier trade began drying up, and the local bankers slowly went bankrupt. In the last years of the seventeenth century, the gross value of trade that passed through Surat had been ₹16 million. By the 1740s it had slumped to ₹3 million.Answer the following MCQs by choosing the most appropriate option.Q. Who secured concessions from local Courts?a)The American companiesb)The European companiesc)The Asian companiesd)The Africa companiesCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Class 10 tests.
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