What effect did the collapse of Rama Rao's business have on him and his family?
Answers
Rama Rao was working as an agent of a gramophone company at Malgudi. He himself put into a liitle money he had inherited as security. His business had been going well for five years.
There was trouble in trade, commerce, banking and politics which caused the gramophone company's factory in Northern India collapse when a bank in Lahore crashed. So thus he also went out of business.
Answer:
Rama Rao suddenly found himself in the streets. He had only a little money in the bank and some stock on hand. He couldn't even get back his security from the gramophone company. Whatever little the family had, started melting very fast. Rama Rao's wife tried to reduce her expenses. She sent away the cool and servant. The children were withdrawn from the costly nursery school. They were sent to a free primary school. The family had no source of income now. So they rented out their bungalow. They themselves moved to a very small house behind the market.