Social Sciences, asked by shrikeshgurjar37, 8 months ago

the Company officials were lying that
trade was not flourishing due to unjust demands of the rulers
How did the assumption of Diwani benefit the East India Company?
ns. (i) In 1765, the Mughal emperor, appointed the company as the
provinces of Bengal​

Answers

Answered by telltosiddharth
0

Answer:

Aurangzeb was the last of the powerful Mughal rulers. ... came as a small trading company and were reluctant to ... did not have to fear competition from other English ... East India Company begins trade in Bengal ... Finally, in 1765 the Mughal emperor appointed the ... and entirely stopped after the assumption of Diwani.

Explanation:

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Answered by Anonymous
1

How did the assumption of Diwani benefit the East India Company?

Ans. In 1765, the Mughal emperor appointed the Company as the Diwan of the provinces of Bengal. The Diwani right to the East India Company benefited it in several ways:

The Diwani allowed the Company to use the vast revenue resources of Bengal.

Trade was monopolised by the East India Company. The company began direct plunder of India’s wealth.

The Company expenses were being financed from the Revenues of India. These revenues were used to purchase cotton and silk textiles in India, maintain Company troops, and meet the cost of building the Company fort and offices at Calcutta.

To monopolize trade & dictate terms. The company used its political power. They could impose their own prices that had no relation to the costs of production.

The company used revenue of Bengal to finance exports of Indian goods.

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