10th Class Social Science The Making of a Global World Question Bank 10th CBSE Social Science The Making of a Global World

  • question_answer
      What was the role of Indian bankers in managing their funds?

    Answer:

                      (i) Bankers like Shikaripuri Shroffs and Nuttukottai Chettiars were amongst the many groups of bankers and traders who financed export agriculture in Central and South East Asia. (ii) They used either their own funds or those borrowed from European banks. (iii) They had a sophisticated system to transfer money over large distances, and even developed indigenous forms of corporate organization.


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