Question

$$\begin{gathered} Explainpointno.2inanswerof18b). \\ Q18.\left(a\right)NametwoEuropeanManagingAgencieswhichcontrolledalarge \\ sectorofIndianindustries. \\ \left(b\right)WhatWeretheirmainfunctions? \\ OR \\ WhatdidtheEuropeanManagingAgenciesplayintheindustrialdevelopment \\ ofIndiaduringthe19thcentury? \\ Ans.\left(a\right)EuropeanManagingAgencieswhichcontrolledalargesectorofIndianindustries \\ were:\left(i\right)BirdHeighlers\&Co.\left(ii\right)JardineSkinner\&Co.(iii)AndrewYule. \\ \left(b\right)Theirmainfunctionswere: \\ \left(i\right)Theycontrolledlargesectorofindustries. \\ \left(ii\right)Mobilisecapital,setupandmanagedJointStockCompaniesand \\ managedthem. \\ \left(iii\right)Inmostcases,theIndianfinanciersprovidedthecapitalwhileEuropean \\ agenciesmadeatheinvestmentsandtookbu\sin essdecisions. \\ \left(iv\right)TheEuropeanmerchantindustrialisthadtheirownChambersof \\ CommercewhereIndianbu\sin essmenwerenotallowedtojoin. \end{gathered}$$

Answer 1

Dear Student

1. As per your query, it means that European managing agencies had their control on the large sector industries in important decision making procedures.
2. They organised capital for these industries, and shared a major portion in their business promotion.
3. Sometimes, they made large investments thus having full control on these business houses in important activities

Regards