List the main features of permanent settlement .how did the production of opium, Indigo ,and sugar short of the profit margins of the East India Company?
Answers
The The main features of Permanent settlement system were :
1. The zamindars or landlords were made the owners of land.
2. East India Company fixed land revenue with landlords and collected the same from them.
3. The landlords in turn were free to collect from peasants as much as they could.
4. The land revenue was fixed for 10 years.
5. It was introduced in Bengal, Bihar, Orissa, parts of U.P and North Carnatic.
The production of opium, indigo and sugar fetched huge profits for East India Company as the prices of these products was fixed by British planters which was very low. More Importantly the indigo had a great demand in European markets and British cloth industries. The East India Company also fetched a huge profit from Opium trade with China, the later being the largest market for opium.
Main features of permanent statement are:
a) The rajas and taluqdars were recognised as zamindars.
b)They were responsible for collecting revenue from peasents and paying the company.
c)Revenue demand was permanently fixed.
The main purpose of the British East India company was to expand trade in India through the cultivation of the opium, Indigo, and sugar they decided to increase their profits. They ask reasons to grow this crops and in return get paid. So company in couragedfarmers to grow commercial crops and also help them with loans and other equipments. They without this crops at low prices to other European countries. Gradually they started getting profit with the trade. And the production of opium Indigo I am sugar shot of the profit margins of the East India Company.
Explanation:
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