What was the `privy purse in the context of the history of Modern India ?

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Q: 52 (CDS-II/2011)
What was the 'privy purse’ in the context of the history of Modern India ?

question_subject: 

History

question_exam: 

CDS-II

stats: 

0,77,48,12,19,77,17

keywords: 

{'privy purse': [0, 0, 0, 1], 'purse': [0, 0, 0, 1], 'dignitaries': [0, 0, 1, 1], 'erstwhile princes': [0, 0, 0, 1], 'modern india': [0, 0, 0, 1], 'grant': [0, 0, 3, 4], 'government': [5, 0, 0, 1], 'erstwhile prince': [0, 0, 0, 1], 'gift': [0, 0, 0, 1], 'india': [8, 1, 7, 13]}

The `privy purse` in the context of the history of Modern India refers to a grant given by the Government of India to the erstwhile Princes of India. Before India`s independence in 1947, India was divided into several princely states ruled by Maharajas and Princes. After independence, when these princely states were integrated into the Indian Union, the Indian government came up with a policy to provide financial support to the former rulers.

The privy purse was a fixed annual grant or payment that was given to the former rulers to support their lifestyle and maintenance of their palaces. This grant was provided as a recognition of their status and service rendered before the integration of their princely states with India. It was a way for the government to ensure that the former rulers and their families were able to maintain their social, economic, and cultural standing.

Alert - correct answer should be: None.