NCERT for Important Questions Class 10 Social Science Chapter 1
Important NCERT Extra Questions
Chapter 1 The Rise of Nationalism in Europe
NCERT Book Extra Questions for Session 2022-2023
CBSE Board and UP Board Others state Board
Describe the contribution of Indian entrepreneurs in the world market.
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There was need of capital for growing food and other crops for the world market. Large plantations could borrow capital from banks and markets. Others such as humble peasants fulfilled their requirements as mentioned below:
(i) There were the Shikaripuri Shroffs and Nattukottai Chettiars who were bankers and traders that financed export agriculture in central and south-East Asia.
(ii) They used their own capital or borrowed from European banks.
(iii) They had a sophisticated system to transfer money over large distances. They even developed indigenous forms of corporate organisation.
(iv) Indian traders and moneylenders followed European colonisers into Africa also.
(v) Hyderabadi Sindhi traders established flourishing emporia at busy ports worldwide. They sold local and imported curios to the tourists.