History · Medieval India - Mughal Economy
Which of the following analytical statements does NOT accurately reflect the dynamics of proto-industrialization, the putting-out system, or the commercialized economic framework of the Mughal Empire during the 16th to 18th centuries?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The state facilitated a commercialized economy through a standardized tri-metallic monetary system and mandated cash payments for land revenue under systems like Zabti.
- 2The agrarian sector exhibited advanced commercialization, characterized by swift integration of cash crops like maize and tobacco and high per capita output.
- 3Merchant capital successfully transitioned the putting-out system into widespread, large-scale commodity-producing manufactories, thereby eliminating household production.✓
- 4The economy maintained an immense export surplus, resulting in a persistent trade imbalance where nearly 80 percent of imports consisted of precious bullion.
Correct answer
Merchant capital successfully transitioned the putting-out system into widespread, large-scale commodity-producing manufactories, thereby eliminating household production.
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