Question

How shroffs and chettiar established business in ethnic ways

Answer 1

Answer:

Below is the answer.

Explanation:

The full names of Shroffs and Chettiar were Shikaripuri Shrotts and Nattukottai Chettiyars. These were groups of businessmen who were mainly financiers i.e venture capitalists and traders. They did many changes in business ethic a few of them are:

• They reformed the process of money exchange throughout the entire region of South Asia and Central Asia.
• They also used the banking system for this purpose introducing various ways of how a bank can participate in business developments specially in money transference and payments.