What was rama rao's business?how did it collapse
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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.
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(i) Rama Rao's business was :
- As the Malgudi representative of a phonograph manufacturer with a factory located someplace in North India, Rama Rao earned a respectable living.
- This made it possible for him to maintain his family, which consisted of himself, his wife, and their two children and give them a decent existence.
- He bought a bungalow in the Extension, enrolled his kids in a posh school, and even entertained the idea of getting a baby car for himself.
(ii) The reason behind his business collapse was:
- The phonograph company failed after a string of events in the realm of trade and commerce, including the odd death of a Mumbai-based financier that caused a Lahore bank to crash.
- The Bombay banker was travelling downhill when his vehicle veered off course and sank 300 feet below the surface of the road. He believed that his unexpected death was the result of suicide because his wife had fled with his cashier.
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