Answer:
(i)
The British would procure opium at cheap rates. They would sell it at a high
price to the opium agents in Calcutta, who then shipped it to China.
(ii) This difference between the buying and selling price was the
governments' opium revenue.
(iii) The prices given to the peasants were so low that by
the early 18th century, angry peasants began agitating for higher
prices and refused to take advances.
(iv) Some cultivators around Benaras stopped cultivating
opium and started producing sugarcane and potato instead. Some cultivators sold
off their opium crop to travelling traders called Pykars, who offered them
higher prices.
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