Question map
Not attempted Correct Incorrect ★ Bookmarked
Loading…
Q77 (CAPF/2022) History & Culture › Modern India (Pre-1857) › Colonial economic impact Answer Verified

Which of the following statements about 'Agency Houses' is/are correct? 1. They were important commercial formations in the late eighteenth and nineteenth century India. 2. The operation of managing agencies remained confined to Calcutta. Select the correct answer using the code given below.

Result
Your answer: —  Â·  Correct: A
Explanation

Agency Houses were significant commercial formations that emerged in the late eighteenth and nineteenth centuries in India [3]. They functioned as financial and trading firms, often succeeding the East India Company's monopoly by mobilizing capital and managing joint-stock companies [1]. While Calcutta was indeed the primary 'home' and origin of the managing agency system, the operations did not remain confined there [2]. The system eventually spread to other parts of India, including Madras and Bombay, to meet the managerial and financial challenges of the colonial economy [2]. Major firms like Jardine Skinner & Co. and Andrew Yule controlled large sectors of Indian industry across various regions [1]. Therefore, statement 1 is correct as they were vital commercial entities during the specified period, but statement 2 is incorrect because their operations expanded beyond Calcutta [2].

Sources

  1. [1] India and the Contemporary World – II. History-Class X . NCERT(Revised ed 2025) > Chapter 4: The Age of Industrialisation > 4.1 The Early Entrepreneurs > p. 95
  2. [3] https://en.wikipedia.org/wiki/Agency_houses_in_British_India
  3. [2] https://ia600805.us.archive.org/19/items/in.ernet.dli.2015.113006/2015.113006.The-Managing-Agency-System-In-Prospect-And-Retrospect_text.pdf
How others answered
Each bar shows the % of students who chose that option. Green bar = correct answer, blue outline = your choice.
Community Performance
Out of everyone who attempted this question.
38%
got it right
✓ Thank you! We'll review this.

SIMILAR QUESTIONS

NDA-II · 2013 · Q38 Relevance score: -0.63

Which of the following statements with regard to the ‘Fifth Report’ is/are correct? 1. It was submitted to the British Parliament in 1813 for consideration. 2. It became the basis of intense parliamentary debates on the nature of the East India Company’s rule in India. 3. It was primarily on the economic conditions of the urban and industrial centres of India. Select the correct answer using the code given below :

NDA-II · 2011 · Q77 Relevance score: -1.08

Which of the following statements regarding consolidation of British power in 18th century Bengal is/are correct? 1. The Nawab granted the Company the Nizamat powers in 1765. 2. The duties of collecting revenues and administration of justice were entrusted with the European officials of the East India Company. Select the correct answer using the code given below :

CAPF · 2009 · Q51 Relevance score: -1.25

Consider the following statements : 1. ' The Indian cities like Dacca, Murshidabad and Surat were known, all over the world as centers of trade and industry in the pre-colonial period. 2. Such centers of trade and industry went down in the face of foreign competition in the colonial period. 3. Indian artisans, manufacturers and weavers were provided alternative employment by the British Indian government after the decline of these centers of trade. Which of the statements given above is/are not correct ?

CDS-II · 2012 · Q18 Relevance score: -1.61

Which among the following statements regarding the Gupta dynasty is/are correct? 1. The Kumaramatyas were the most important officers and they were appointed directly by the King in the home provinces. 2. The village headmen lost importance and land transactions began to be effected without their consent. Select the correct answer using the code given below : Code :

CAPF · 2018 · Q67 Relevance score: -1.65

Which of the following statements about town planning in British India in early 19th century is/are correct? 1. The funds for town improvement were also raised through public lotteries, 2. The threats of epidemics gave an impetus to town planning in the early decades of 19th century. Select the correct answer using the code given below.