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The main burden of providing money for the East India Company, whether for profits or for wars of expansion, fell on the
  • a)
    Small zamindars
  • b)
    Puppet rulers
  • c)
    Peasants
  • d)
    Native merchants
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
The main burden of providing money for the East India Company, whether...
The correct answer is option 'C': Peasants.

Explanation:
The East India Company was a British trading company that was granted a royal charter in 1600 to trade with the East Indies. Over time, the company expanded its operations and established a strong presence in India. It gradually started to exercise political and economic control over various parts of the country.

The company's main objective was to maximize profits, and it pursued various means to achieve this goal. One of the primary sources of revenue for the company was the collection of taxes and tributes from the local population. This burden of providing money for the company, whether for profits or for wars of expansion, fell heavily on the peasants.

- Economic Exploitation of Peasants:
The East India Company imposed heavy taxes on agricultural produce, land revenue, and other economic activities. The peasants, who were the primary producers of goods, had to bear the brunt of these taxes. The company's policies led to the impoverishment of the peasants as they struggled to pay the exorbitant taxes. Many peasants were forced to take loans from moneylenders at high interest rates, which further increased their economic burden.

- Land Revenue System:
The company introduced the Permanent Settlement System in certain parts of India, such as Bengal, which required the peasants to pay fixed amounts of land revenue to the company. This system, although initially intended to provide stability, ended up being exploitative for the peasants. They were subjected to high revenue demands, and any failure to pay could result in the loss of their land.

- Forced Trade and Monopolies:
The company also imposed a monopoly on certain goods, such as indigo and opium, which were produced by the peasants. The peasants were forced to sell their produce to the company at low prices, while the company made significant profits by exporting these goods. This created further economic hardships for the peasants as they were unable to fetch fair prices for their products in the market.

- Impact on Peasants:
The burden of providing money for the East India Company had severe consequences for the peasants. They faced economic exploitation, increased poverty, and loss of land and livelihood. The company's policies contributed to the worsening of the agrarian crisis in India and had a detrimental impact on the lives of the peasants.

Overall, the peasants bore the main burden of providing money for the East India Company, as they were subjected to heavy taxes, exploitative revenue systems, and forced trade practices.
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The main burden of providing money for the East India Company, whether for profits or for wars of expansion, fell on thea)Small zamindarsb)Puppet rulersc)Peasantsd)Native merchantsCorrect answer is option 'C'. Can you explain this answer?
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