Question

how did the assumption of diwani benefit the east india company?

Answer 1

Diwani or Charter rights benefited the East India Company to collect revenues.

Explanation:

• After the arrival of the East India Company, they began to trade. They gradually started to interfere in politics and won the Diwani rights to exercise power to collect revenues.
• The Diwani helped Britishers to used the (revenue) money in businesses and increasing the armed forces.
• The Britishers stopped receiving money from England to buy commodities in India as they were collecting wealth from local people.

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How did the assumption of Diwani benefit the East India Company

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Answer 2

The Diwani allowed the Company to use the vast revenue resources of Bengal. After the assumption of Diwani, gold was not imported from Britain and revenues from India were enough to finance Company expenses.

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