Question

5. Jagatseths of
were one of
the early bankers in India.

Answer 1

Answer:

Jagat Seth Indra Chand

Indra Chand received the title of "Jagat Seth", and it became extinct after his death. He died on the fourteenth day of the new moon of the month of Mag in the Samvat year 1879 BS. Indra Chand's only son Gobind Chand, inherited his father's fortune

Explanation:

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Answer 2

Answer:

Jagat Seth ran the economy for Siraj ud Daulah, Mir Jafar, and later for Mir Qasim. It is recorded that ₹ 3 out of ₹ 4 collected as revenue in the state went straight to Jagat Seth, against loans he had already advanced to the nawabs.

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