Question

what were the residence imposed upon the indian merchant to benefit european traders in the 19th century​

Answer 1

Answer:

As the East India Company established political power, It asserted its monopoly right to trade in India. The restrictions were as follows.

(i) The British Government developed a system of management and control that would eliminate competition and restrict the space within which Indian merchants could function.

(ii) Indian merchants were barred from trading with Europe in manufactured goods. 

(iii) Indian merchants had to export mostly raw materials like raw cotton, opium, wheat and Indigo required by the British. They were also gradually edged out of the shipping business.