GK Question- 55
Consider the following statements in context with the various currencies circulated in Bengal in the later half of 18th century:
1. The values of the currencies widely fluctuated
2. The British insisted on payment of revenue in their own currency
3. The native currency was used at a rebate
Which among the above was / were the reasons that increased the problems of Indian traders and peasants as Tax Payers?
[B]Only 1 & 3
[C]Only 2 & 3
Explanation: The first two options are not correct to say that they increased the problems of natives. It was the third option (native currency was used at a rebate ) that is considered to be the main reason of the issues pertaining to the native traders and peasants as Tax Payers.