The correct answer is Option (1) → Giovanni Careri
<strong>Giovanni Careri</strong>, an Italian traveller who passed through India c. 1690, described how <strong>silver travelled across the globe</strong> to reach India and the huge cash and commodity transactions of the time.
NCERT (2026-27): “7. The Flow of Silver …
An expanding trade brought in huge amounts of silver bullion into Asia to pay for goods procured from India, and a large part of that bullion gravitated towards India. This was good for India as it did not have natural resources of silver. As a result, the period between the sixteenth and eighteenth centuries was also marked by a remarkable stability in the availability of metal currency, particularly the silver rupya in India. This facilitated an unprecedented expansion of minting of coins and the circulation of money in the economy as well as the ability of the Mughal state to extract taxes and revenue in cash. The testimony of an Italian traveller, Giovanni Careri, who passed through India c. 1690, provides a graphic account about the way silver travelled across the globe to reach India. It also gives us an idea of the phenomenal amounts of cash and commodity transactions in seventeenth-century India.” |
