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Consider the following statements.
1. The Indian moneylender provided loans to hard-pressed agriculturists and thus facilitated the state collection of revenue
2. The Indian trader carried imported British products to the remotest corners and helped in the movement of Indian agricultural products for exports
3. The indigenous bankers helped both in the process of distribution and collection
Which of these statements is/are correct?
- a)1 and 2 Only
- b)2 and 3 Only
- c)1 and 3 Only
- d)All of them
Correct answer is option 'D'. Can you explain this answer?
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Consider the following statements. 1. The Indian moneylender provided...
- Indian traders, moneylenders and bankers had amassed some wealth as junior partners of English merchant capitalists in India. Their role fitted in the British scheme of colonial exploitation.
- The Indian moneylender provided loans to hard-pressed agriculturists and thus facilitated the state collection of revenue.
- The Indian trader carried imported British products to the remotest corners and helped in Indian agricultural products for exports. The indigenous bankers helped both in the process of distribution and collection.
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Consider the following statements. 1. The Indian moneylender provided...
Explanation:
The correct answer is option D, which means that all of the given statements are correct. Let's understand each statement one by one:
Statement 1: The Indian moneylender provided loans to hard-pressed agriculturists and thus facilitated the state collection of revenue.
- The Indian moneylenders played a crucial role in providing loans to agriculturists who were in need of financial assistance. These agriculturists often faced difficult situations such as crop failure, natural disasters, or other financial crises.
- By providing loans, the moneylenders helped the agriculturists to overcome their financial difficulties and continue their agricultural activities.
- The state also benefitted from this arrangement as the moneylenders facilitated the collection of revenue by acting as intermediaries between the state and the agriculturists. They collected revenue on behalf of the state from the agriculturists who had borrowed money from them.
Statement 2: The Indian trader carried imported British products to the remotest corners and helped in the movement of Indian agricultural products for exports.
- The Indian traders played a significant role in the movement of goods within the country. They carried imported British products to the remotest corners of India, making these products available to the local population.
- Additionally, they also helped in the movement of Indian agricultural products for exports. They facilitated the transportation and distribution of these products, ensuring that they reached the markets both within and outside the country.
- Their efforts contributed to the growth of trade and commerce, both domestically and internationally, and helped in the economic development of the country.
Statement 3: The indigenous bankers helped both in the process of distribution and collection.
- Indigenous bankers played a crucial role in the process of distribution and collection of funds. They acted as intermediaries between the borrowers and lenders, facilitating the flow of funds.
- They helped in the distribution of funds by providing loans to individuals and businesses in need of financial assistance. They also collected funds on behalf of lenders, ensuring that the lenders received their dues.
- Their services were particularly important in areas where formal banking institutions were not easily accessible or were not well-established.
In summary, all of the given statements are correct. The Indian moneylenders facilitated the state collection of revenue by providing loans to agriculturists. The Indian traders played a key role in the movement of goods, both imported and exported. The indigenous bankers helped in the process of distribution and collection of funds, acting as intermediaries between borrowers and lenders.
The correct answer is option D, which means that all of the given statements are correct. Let's understand each statement one by one:
Statement 1: The Indian moneylender provided loans to hard-pressed agriculturists and thus facilitated the state collection of revenue.
- The Indian moneylenders played a crucial role in providing loans to agriculturists who were in need of financial assistance. These agriculturists often faced difficult situations such as crop failure, natural disasters, or other financial crises.
- By providing loans, the moneylenders helped the agriculturists to overcome their financial difficulties and continue their agricultural activities.
- The state also benefitted from this arrangement as the moneylenders facilitated the collection of revenue by acting as intermediaries between the state and the agriculturists. They collected revenue on behalf of the state from the agriculturists who had borrowed money from them.
Statement 2: The Indian trader carried imported British products to the remotest corners and helped in the movement of Indian agricultural products for exports.
- The Indian traders played a significant role in the movement of goods within the country. They carried imported British products to the remotest corners of India, making these products available to the local population.
- Additionally, they also helped in the movement of Indian agricultural products for exports. They facilitated the transportation and distribution of these products, ensuring that they reached the markets both within and outside the country.
- Their efforts contributed to the growth of trade and commerce, both domestically and internationally, and helped in the economic development of the country.
Statement 3: The indigenous bankers helped both in the process of distribution and collection.
- Indigenous bankers played a crucial role in the process of distribution and collection of funds. They acted as intermediaries between the borrowers and lenders, facilitating the flow of funds.
- They helped in the distribution of funds by providing loans to individuals and businesses in need of financial assistance. They also collected funds on behalf of lenders, ensuring that the lenders received their dues.
- Their services were particularly important in areas where formal banking institutions were not easily accessible or were not well-established.
In summary, all of the given statements are correct. The Indian moneylenders facilitated the state collection of revenue by providing loans to agriculturists. The Indian traders played a key role in the movement of goods, both imported and exported. The indigenous bankers helped in the process of distribution and collection of funds, acting as intermediaries between borrowers and lenders.
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Consider the following statements. 1. The Indian moneylender provided loans to hard-pressed agriculturists and thus facilitated the state collection of revenue2. The Indian trader carried imported British products to the remotest corners and helped in the movement of Indian agricultural products for exports 3. The indigenous bankers helped both in the process of distribution and collection Which of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. Can you explain this answer?
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Consider the following statements. 1. The Indian moneylender provided loans to hard-pressed agriculturists and thus facilitated the state collection of revenue2. The Indian trader carried imported British products to the remotest corners and helped in the movement of Indian agricultural products for exports 3. The indigenous bankers helped both in the process of distribution and collection Which of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. 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. 1. The Indian moneylender provided loans to hard-pressed agriculturists and thus facilitated the state collection of revenue2. The Indian trader carried imported British products to the remotest corners and helped in the movement of Indian agricultural products for exports 3. The indigenous bankers helped both in the process of distribution and collection Which of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. 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. 1. The Indian moneylender provided loans to hard-pressed agriculturists and thus facilitated the state collection of revenue2. The Indian trader carried imported British products to the remotest corners and helped in the movement of Indian agricultural products for exports 3. The indigenous bankers helped both in the process of distribution and collection Which of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. Can you explain this answer?.
Consider the following statements. 1. The Indian moneylender provided loans to hard-pressed agriculturists and thus facilitated the state collection of revenue2. The Indian trader carried imported British products to the remotest corners and helped in the movement of Indian agricultural products for exports 3. The indigenous bankers helped both in the process of distribution and collection Which of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. 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. 1. The Indian moneylender provided loans to hard-pressed agriculturists and thus facilitated the state collection of revenue2. The Indian trader carried imported British products to the remotest corners and helped in the movement of Indian agricultural products for exports 3. The indigenous bankers helped both in the process of distribution and collection Which of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. 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. 1. The Indian moneylender provided loans to hard-pressed agriculturists and thus facilitated the state collection of revenue2. The Indian trader carried imported British products to the remotest corners and helped in the movement of Indian agricultural products for exports 3. The indigenous bankers helped both in the process of distribution and collection Which of these statements is/are correct?a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. Can you explain this answer?.
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