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Unit 1 Ch 4 : The Age of Industrialisation — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 1 Ch 4 : The Age of Industrialisation3 Marks
Question
How did European agencies control Indian industries?
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Answer

These Agencies mobilised capital, set up joint-stock companies and managed them. In most instances Indian financiers provided the capital while the European Agencies made all investment and business decisions.

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