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Before 1765, the Company had purchased goods in India by importing gold and silver from Britain as Britain’s exports to India was miniscule. But after 1765, East India Company (EIC) managed to finance the purchase of goods for export. Which of the following reasons made this possible?
- a)Britain’s export to India considerably rose during this period.
- b)The elimination of corruption in EIC.
- c)Revenue collected in Bengal by EIC.
- d)Subsidies provided by the British government to EIC.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Before 1765, the Company had purchased goods in India by importing go...
Revenue collection in Bengal by EIC made it possible for the company to finance the purchase of goods for export. This revenue was collected through the system of land revenue settlement in Bengal, which was established by the EIC after the Battle of Plassey in 1757.
Factors that contributed to the EIC's ability to collect revenue in Bengal include:
1. Control over land: After the Battle of Plassey, the EIC gained control over large tracts of land in Bengal. This gave them the power to collect revenue from the landowners.
2. Efficient revenue system: The EIC introduced a new revenue system in Bengal, which was more efficient than the previous system. This helped them collect revenue more effectively.
3. Reduction in corruption: The EIC took steps to reduce corruption in the revenue collection process. This helped them collect more revenue and use it for financing their trade activities.
The revenue collected by the EIC in Bengal was used to finance the purchase of goods for export. This helped the company become self-sufficient and reduced its dependence on imports of gold and silver from Britain. As a result, the company was able to expand its trade activities and increase its profits.
In conclusion, the revenue collection system established by the EIC in Bengal played a crucial role in the company's ability to finance the purchase of goods for export. By reducing its dependence on imports from Britain, the company was able to become self-sufficient and expand its trade activities.
Factors that contributed to the EIC's ability to collect revenue in Bengal include:
1. Control over land: After the Battle of Plassey, the EIC gained control over large tracts of land in Bengal. This gave them the power to collect revenue from the landowners.
2. Efficient revenue system: The EIC introduced a new revenue system in Bengal, which was more efficient than the previous system. This helped them collect revenue more effectively.
3. Reduction in corruption: The EIC took steps to reduce corruption in the revenue collection process. This helped them collect more revenue and use it for financing their trade activities.
The revenue collected by the EIC in Bengal was used to finance the purchase of goods for export. This helped the company become self-sufficient and reduced its dependence on imports of gold and silver from Britain. As a result, the company was able to expand its trade activities and increase its profits.
In conclusion, the revenue collection system established by the EIC in Bengal played a crucial role in the company's ability to finance the purchase of goods for export. By reducing its dependence on imports from Britain, the company was able to become self-sufficient and expand its trade activities.
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Before 1765, the Company had purchased goods in India by importing go...
The Company had obtained the Diwani rights, but it still saw itself primarily as a trader. It wanted a large revenue income but was unwilling to set up any regular system of assessment and collection. The effort was to increase the revenue as much as it could and buy fine cotton and silk cloth as cheaply as possible. Within five years the value of goods bought by the Company in Bengal doubled. Before 1765, the Company had purchased goods in India by importing gold and silver from Britain. Now the revenue collected in Bengal could finance the purchase of goods for export.
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Before 1765, the Company had purchased goods in India by importing gold and silver from Britain as Britain’s exports to India was miniscule. But after 1765, East India Company (EIC) managed to finance the purchase of goods for export. Which of the following reasons made this possible?a)Britain’s export to India considerably rose during this period.b)The elimination of corruption in EIC.c)Revenue collected in Bengal by EIC.d)Subsidies provided by the British government to EIC.Correct answer is option 'C'. Can you explain this answer?
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Before 1765, the Company had purchased goods in India by importing gold and silver from Britain as Britain’s exports to India was miniscule. But after 1765, East India Company (EIC) managed to finance the purchase of goods for export. Which of the following reasons made this possible?a)Britain’s export to India considerably rose during this period.b)The elimination of corruption in EIC.c)Revenue collected in Bengal by EIC.d)Subsidies provided by the British government to EIC.Correct answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Before 1765, the Company had purchased goods in India by importing gold and silver from Britain as Britain’s exports to India was miniscule. But after 1765, East India Company (EIC) managed to finance the purchase of goods for export. Which of the following reasons made this possible?a)Britain’s export to India considerably rose during this period.b)The elimination of corruption in EIC.c)Revenue collected in Bengal by EIC.d)Subsidies provided by the British government to EIC.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Before 1765, the Company had purchased goods in India by importing gold and silver from Britain as Britain’s exports to India was miniscule. But after 1765, East India Company (EIC) managed to finance the purchase of goods for export. Which of the following reasons made this possible?a)Britain’s export to India considerably rose during this period.b)The elimination of corruption in EIC.c)Revenue collected in Bengal by EIC.d)Subsidies provided by the British government to EIC.Correct answer is option 'C'. Can you explain this answer?.
Before 1765, the Company had purchased goods in India by importing gold and silver from Britain as Britain’s exports to India was miniscule. But after 1765, East India Company (EIC) managed to finance the purchase of goods for export. Which of the following reasons made this possible?a)Britain’s export to India considerably rose during this period.b)The elimination of corruption in EIC.c)Revenue collected in Bengal by EIC.d)Subsidies provided by the British government to EIC.Correct answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Before 1765, the Company had purchased goods in India by importing gold and silver from Britain as Britain’s exports to India was miniscule. But after 1765, East India Company (EIC) managed to finance the purchase of goods for export. Which of the following reasons made this possible?a)Britain’s export to India considerably rose during this period.b)The elimination of corruption in EIC.c)Revenue collected in Bengal by EIC.d)Subsidies provided by the British government to EIC.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Before 1765, the Company had purchased goods in India by importing gold and silver from Britain as Britain’s exports to India was miniscule. But after 1765, East India Company (EIC) managed to finance the purchase of goods for export. Which of the following reasons made this possible?a)Britain’s export to India considerably rose during this period.b)The elimination of corruption in EIC.c)Revenue collected in Bengal by EIC.d)Subsidies provided by the British government to EIC.Correct answer is option 'C'. Can you explain this answer?.
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ample number of questions to practice Before 1765, the Company had purchased goods in India by importing gold and silver from Britain as Britain’s exports to India was miniscule. But after 1765, East India Company (EIC) managed to finance the purchase of goods for export. Which of the following reasons made this possible?a)Britain’s export to India considerably rose during this period.b)The elimination of corruption in EIC.c)Revenue collected in Bengal by EIC.d)Subsidies provided by the British government to EIC.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.
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