History · Maratha Empire
Consider the following statements regarding the economic monetization in the Western Deccan during the 18th-century Maratha rule: I. The economy was characterized by vigorous, highly monetized local market centres facilitated by the import of copper and cowries. II. Credit institutions were restricted to major cities and exclusively financed the Maratha nobility. III. Villagers were actively engaged in local monetary transactions. IV. Agricultural laborers, craft producers, and household servants were compensated through daily and monthly cash wages. Which of the statements given above are correct?
- 1I, II and III Only
- 2II, III and IV Only
- 3I, II and IV Only
- 4I, III and IV Only✓
Correct answer
I, III and IV Only
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