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Consider the following statements regarding Farrukhsiyar‟s granting of Farmans to the British East India Company:
1. The British East India Company was permitted to issue dastaks for the transportation of goods.
2. The coins of the British East India Company minted at Bombay were to be accepted as currency throughout the Mughal empire.
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 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding Farrukhsiyars granting of ...
  • In 1715, an English mission led by John Surman to the court of the Mughal emperor Farrukhsiyar secured three famous farmans, giving the Company many valuable privileges in Bengal, Gujarat, and Hyderabad. The farmans thus obtained were regarded the Magna Carta of the Company. Their important terms were: In Bengal, the Company‟s imports and exports were exempted from additional customs duties excepting the annual payment of 3,000 rupees as settled earlier. The Company was permitted to issue dastaks (passes) for the transportation of such goods. Hence statement 1 is correct.
  • The Company was permitted to rent more lands around Calcutta. In Hyderabad, the Company retained its existing privilege of freedom from duties in trade and had to pay the prevailing rent only for Madras. In Surat, for an annual payment of 10,000 rupees, the East India Company was exempted from the levy of all duties. It was decreed that the coins of the Company minted at Bombay were to be accepted as currency throughout the Mughal empire. Hence statement 2 is correct.
  • But The Company‘s servants extended this privilege to their own coastal trade, inter- Asian trade, and finally the inland trade. This was an obvious usurpation. 
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Consider the following statements regarding Farrukhsiyars granting of Farmans to the British East India Company:1. The British East India Company was permitted to issue dastaks for the transportation of goods.2. The coins of the British East India Company minted at Bombay were to be accepted as currency throughout the Mughal empire.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 'C'. Can you explain this answer?
Question Description
Consider the following statements regarding Farrukhsiyars granting of Farmans to the British East India Company:1. The British East India Company was permitted to issue dastaks for the transportation of goods.2. The coins of the British East India Company minted at Bombay were to be accepted as currency throughout the Mughal empire.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 'C'. 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 regarding Farrukhsiyars granting of Farmans to the British East India Company:1. The British East India Company was permitted to issue dastaks for the transportation of goods.2. The coins of the British East India Company minted at Bombay were to be accepted as currency throughout the Mughal empire.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 'C'. 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 regarding Farrukhsiyars granting of Farmans to the British East India Company:1. The British East India Company was permitted to issue dastaks for the transportation of goods.2. The coins of the British East India Company minted at Bombay were to be accepted as currency throughout the Mughal empire.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 'C'. Can you explain this answer?.
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