Question

explain the role of merchants and bankersin the network of export trade.

Answer 1

Indian merchants and bankers were involved in the network of export trade by financing production, carrying goods and supplying exporters.
Supply merchants linked the port towns to the inland regions.They gave advances to weavers, procured the woven cloth from weaving villages, and carried the supply to the ports.

Hope this helps you,

Answer 2

The role of merchants and bankers in the network of export trade:

• The ‘merchants and Bankers’ were involved in financing the process of trade.  

• The bank helped in transferring money for the merchants and traders and the necessary funds were financed for the traders.  

• The merchants helped in the exports of goods from one country to the other.

• The merchants traded their goods from various ports in Bombay, Calcutta, and Madras.  

• The bankers helped in the process of money transactions from one country to the other for the trading of goods.