History · Mughal Empire Economy
Given below are two statements: one is labelled as Assertion (A) and the other as Reason (R): Assertion (A): The Mughal economy relied heavily on the continuous importation of foreign bullion, specifically silver and gold, to mint the majority of its coinage. Reason (R): The Mughal Empire possessed extensive domestic silver and gold mines, but foreign merchants preferred paying in coin rather than bullion. In the light of the above statements, choose the correct option.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A is not correct but R is correct.
- 2Both A and R are correct but R is NOT the correct explanation of A.
- 3A is correct but R is not correct.✓
- 4Both A and R are correct and R is the correct explanation of A.
Correct answer
A is correct but R is not correct.
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