Read the source given below and answer the questions that follow.
The Company had become the Diwan, but it still saw itself primarily as a trader. It wanted a large revenue
income but was unwilling to set up any regular system of assessment and collection. The effort was to
increase the revenue as much as it could and buy fine cotton and silk cloth as cheaply as possible. Within
five years the value of goods bought by the Company in Bengal doubled. Before 1865, the Company had
purchased goods in India by importing gold and silver from Britain. Now the revenue collected in Bengal
could finance the purchase of goods for export.
a) Why did the Company want a large revenue income?
b) Why did the Company import gold and silver from Britain?
c) What was the impact on the export of goods after the year1865?
Answers
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Answer:
b) Company imported gold and silver from the Britain because they didn't have anything to trade with India.. So to continue trade successfully they has to trade gold and silver from Britain.
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Answer:
a) Ans- The Company wanted a large revenue income because from the revenue income it could by as much silk and cotton clothes as cheaply as possible.
b) Ans- Within five years, the value of goods imported by the Company from Bengal increased.To pay the money, the Company imported gold and silver from Britian before 1865.
c) Ans- After the year 1865, the prices of goods were increased by Bengal.
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