Why were 'Banians' essential for European merchants?

They bridge the gap between foreign traders and local producers, providing capital, market knowledge, and translation services.

Medieval Economic Terms: Aurang, Banian, Mirasidar (2020 PYQ)

ID: MED_ECON_2020_07 Ref: Standard Educational Reference

With reference to the history of India, consider the following pairs:
1. Aurang: In-charge of treasury of the State
2. Banian: Indian agent of the East India Company
3. Mirasidar: Designated payer to the State Which of the pairs given above is/are correctly matched?

AI Quick Summary (View Answer)

Correct Option: B

In Indian history, a 'Banian' was an Indian agent for the East India Company, while a 'Mirasidar' was a designated hereditary landholder and revenue payer. The term 'Aurang' refers to a warehouse or workshop.

With reference to the history of India, consider the following pairs:1. **Aurang:** In-charge of treasury of the State2. **Banian:** Indian agent of the East India Company3. **Mirasidar:** Designated payer to the State Which of the pairs given above is/are correctly matched?

With reference to the history of India, consider the following pairs:
1. Aurang: In-charge of treasury of the State
2. Banian: Indian agent of the East India Company
3. Mirasidar: Designated payer to the State Which of the pairs given above is/are correctly matched?