History · Modern Indian History
Which of the following statements does NOT accurately reflect the socio-economic transformations and monetization in the Maratha state during the 18th century?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The minting of currency was tightly centralized as an exclusive state monopoly, restricting coin production strictly to major cities.✓
- 2The importation of copper and cowries served as an indicator of functioning local market centers.
- 3Credit institutions expanded into the countryside, providing financial backing to both nobility and common peasants.
- 4The agrarian economy witnessed peasants and agricultural laborers being compensated through cash wages.
Correct answer
The minting of currency was tightly centralized as an exclusive state monopoly, restricting coin production strictly to major cities.
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