Practicing Success
Who was a 'sahukar' during the colonial India ? |
A trader A money lender A land owner Both options, 1 and 2 |
Both options, 1 and 2 |
The correct answer is Option 4 - Both options, 1 and 2 Option 1- A trader A sahukar was someone who acted as both a moneylender and a trader. Sahukars often operated in rural areas where both moneylending and trade were essential economic activities.By engaging in trade along with moneylending, Sahukars could diversify their sources of income. They would invest in various businesses, including buying and selling agricultural produce, textiles, and other commodities. Sahukars would provide loans to farmers and traders, especially during crop seasons, and then purchase the agricultural produce for trade.Sahukars charged interest on loans they provided, and the profits earned from trading contributed to their wealth and income. |