Discuss, with examples, the significance of monetary transactions during the period under consideration.
(i)The political stability provided by the Mughal helped in establishing hoarsening trade relation with Ming (china), Safavid (Iran) and Ottoman (Turkey) empires. It led to increase in outland trade from China to the Mediterranean Sea.
(ii)The Discovery of new lands and sea routes also gave an impetus to Asia’s trade with Europe. As a result enormous amount of silver entered India as payment for goods bought from India.
(iii)Jovanni Karari, an Italian traveller, who passed through India in 1690 has written how the silver reached India from all parts of the world. From his description, we also came to know how there was an exchange of cash and goods in India in the 17th century.
(iv)This benefitted India as she did not have enough resources of silver. Therefore, from the sixteenth to the eighteeth centuries there was sufficient reserves of silver in India and the silver rupya was available readily.
(v)The mutual exchange in villages took place. As villagers established their links in the urban markets, there was a considerable increase in monetary transactions. In this way, villages became an important part of the monetary market.
(vi)It was due to the monetary transactions, became easier to pay daily wages to the labourers in cash and not in kind. This resulted in an unprecedented expansion in the minting of coins and circulation of money allowing the Mughal state to extract taxes and revenues in cash.
NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:
This question is important because it tests key concepts from the NCERT syllabus and is frequently asked in CBSE exams.
This question is based on core NCERT concepts explained in the chapter and should be revised thoroughly before exams.
Students often lose marks by skipping steps, writing incomplete explanations, or misunderstanding keywords used in the question.
(i)The political stability provided by the Mughal helped in establishing hoarsening trade relation with Ming (china), Safavid (Iran) and Ottoman (Turkey) empires. It led to increase in outland trade from China to t...
Step-by-step explanation:
• (i)The political stability provided by the Mughal helped in establishing hoarsening trade relation with Ming (china), Safavid (Iran) and Ottoman (Turkey) empires
• It led to increase in outland trade from China to the Mediterranean Sea
•
•
• (ii)The Discovery of new lands and sea routes also gave an impetus to Asia’s trade with Europe
Stay updated with our latest educational content and study tips
Have you ever noticed that doing activities such as playing outdoors, chilling with your friends, or using the mobile phone feels so effortless and fun? Whenever you might have played sports, you kept on playing even when it felt hard initially just so you could get that feeling after the game, a feeling of accomplishment, … Read more
Read More
Imagine this; You’re sitting in the test hall, pen in hand, and the question paper has been put in front of you. Rather than freezing, you feel calm, collected, and set. Why? As you have formerly been there in your mind. You’ve seen yourself sitting composibly, reviewing the question paper fluently, performing well in the … Read more
Read More
Parent-Teacher Meetings (PTMs) are more than quick updates on marks — they’re a chance to build a real partnership between home and school. A good Parent-Teacher Meeting conversation helps parents see beyond grades. It opens up insights about a child’s strengths, struggles, emotions and even hidden talents. When parents participate actively, they don’t just track … Read more
Read More
In today’s world of endless information , knowing how to think is more important than knowing what to think . From school projects to real – life decisions , critical thinking helps students question ideas , analyze facts and form logical conclusions . But what exactly does critical thinking mean ? Simply put , it’s … Read more
Read More
Student Discussion
Be the first to comment.
ADD NEW COMMENT