Q. With reference to the economic conditions during the Mughal period, consider the following statements:
1.Indigo and sericulture were important commercial crops during the Mughal era.
2.Hundi was a type of warehouse used by traders to store goods while travelling across the empire.
Which of the statements given above is/are correct?
Answer: A
Notes:
Explanation:
- Indigo (used for dyeing) and sericulture (silk production) were key commercial crops during the Mughal period, contributing significantly to trade and exports.
- Hundi was not a warehouse, but a financial instrument—a letter of credit used to facilitate long-distance trade and the movement of money or goods safely. The term for roadside inns used by traders was sarais, not hundis.
Source: NCERT and History Of Medieval India – NCERT (Satish Chandra)
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