Advertisements
Advertisements
Question
How did the assumption of Diwani benefit the East India Company?
Solution
On being appointed the Diwan of the provinces of Bengal, the East India Company acquired greater power and authority. It was free to make use of the vast resources of Bengal. Till then, in order to buy goods, it had to import gold and silver from Britain. After the assumption of the Diwani, the Company could use the revenues from Bengal to finance its expenses (which included purchasing cotton and silk textiles in India, maintaining its troops, and building the Company forts and offices at Calcutta).
APPEARS IN
RELATED QUESTIONS
Fill in the blanks:
The British conquest of Bengal began with the Battle of __________.
State whether true or false:
The Mughal empire became stronger in the eighteenth century.
What attracted European trading companies to India?
What were the areas of conflict between the Bengal nawabs and the East India Company?
Dalhousie implemented the Doctrine of ______.
Maratha kingdoms were located mainly in the ______ part of India.
State whether true or false:
The English East India Company was the only European company that traded with India.
State whether true or false:
The British did not introduce administrative changes in the territories they conquered.
