Q. Consider the following statements about the trade and commerce during Mughals:
1. Banjaras were specialized traders who carried goods in large bulks over long distances.
2. The movement of goods was facilitated by letters of credit called hundi system.
3. The network of sarais enabled the traders and merchants to travel to various places.
Which of the statements given above is/are correct?

[A] 1 and 2 only

[B] 1 and 3 only

[C] 2 and 3 only

[D] 1, 2 and 3

Answer: D
Notes:

The political integration of the country with efficient maintenance of law and order ensured brisk trade and commerce.  

  • The surplus was carried to different parts of the country through rivers, and through the roads on ox and camel drawn carts.  
  • Banjaras were specialised traders who carried goods in a large bulk over long distances. Bengal was the chief exporting centre of rice, sugar, muslin, silk and food grains.  
  • The Coromandel Coast was reputed for its textile production. Kashmiri shawls and carpets were distributed from Lahore which was an important centre of handicraft production.  
  • The movement of goods was facilitated by letters of credit called hundi. The network of sarais enabled the traders and merchants to travel to various places.  
  • The traders came from all religious communities: Hindus, Muslims and Jains. The Bohra Muslims of Gujarat, Marwaris of Rajasthan, Chettiars on Coromandel coast, and Muslims of Malabar were prominent trading communities. 

Source: Tamil Nadu state board.