The best suited deposit for a trading community is
Asked by admin @ in Business Studies viewed by 291 People
The best suited deposit for trading community is
Answered by admin @
Answer:In the medieval period, the middle classes masses had been largely belonged to merchants and other professional classes such as vaidyas and hakims (Ayurvedic doctors) and other officials.
Trading Classes
Among the merchant classes, some specialized in wholesale trade, and others in the retail trade. The wholesale traders were known as ‘seth’ or ‘bohra’ and the retail traders were known as ‘beoparis’ or ‘banik.’
In south India, the community ‘chettis’ formed the trading class. Besides, there was a special class, ‘banjaras,’ who specialized in the trading.
The banjaras used to move from one place to another place, sometimes with thousands of oxen, laden with food grains, salt, ghee, and other daily use stuff.
The ‘sarrafs’ (shroff) are specialized in changing money, keeping money in deposit or lending it, or transmitting it from one part of the country to the other by means of ‘hundi.’
The ‘hundi’ was a letter of credit payable after a certain period. The use of hundis made it easier to move goods or to transmit money from one part of the country to another.
When needed, the hundis were cashed at a discount rate, which sometimes included insurance so that the cost of goods lost or destroyed in transit could be recovered. Taking the advantage of these facilities, the Indian merchants could easily ship goods to countries of West Asia as well where there were Indian banking houses.
Explanation:
Similar Questions
How could you best promote growing food in your community
Asked by maham237 @ in Health viewed by 360 persons
A.Move to a farm on the outskirts of town.
B.Support chain supermarkets.
C.Support local farmer's markets.
D.Eat out at restaurants.
Which definition best suits the term connotation
Asked by maham237 @ in Arts viewed by 336 persons
Which definition best suits the term connotation?
A. The literal meaning of a message being communicated
B. The type of appeal used in a visual
C. The meaning interpreted by …
Black soil is best suited for the cultivation of
Asked by admin @ in History viewed by 329 persons
Black soils are best suited for the cultivation of ?
A. CottonB. RiceC. CerealsD. Sugarcane
Which topology is best suited for medium sized enterprise
Asked by admin @ in Math viewed by 283 persons
Which topology is best suited for small and medium sized enterprise?
Black soils are best suited for the cultivation of
Asked by admin @ in History viewed by 897 persons
Black soils are best suited for the cultivation of ?
A. CottonB. RiceC. CerealsD. Sugarcane
Which option best explains why countries trade with each other
Asked by maham237 @ in Business viewed by 292 persons
A. to eliminate scarce resources
B. to eliminate excess resources
C. to sell goods they cannot produce locally
D. to obtain goods they cannot produce efficiently
Which best describes the origins of the african slave trade
Asked by maham237 @ in History viewed by 289 persons
Which of the following best describes the international trade effect
Asked by admin @ in Social Studies viewed by 356 persons
Which of the following best describes the effect globalization has had on some American and Canadian workers? A. Many have had emigrate to follow jobs that were moved overseas. B. …
Recurrent neural networks are best suited for text processing
Asked by admin @ in Computer Science viewed by 276 persons
Recurrent Neural Networks are best suited for Text Processing. True or False?
Which muscle fibers are best suited for running a marathon
Asked by admin @ in Environmental Sciences viewed by 280 persons
Which muscle fibers are best suited for running a marathon?
Which best explains why britain restricted trade with the colonies
Asked by admin @ in History viewed by 316 persons
Which best explains why britain restricted trade with the colonies?
Ep-19 class “b” fire extinguishers are best suited to fight what kind of fires?
Asked by maham237 @ in Biology viewed by 295 persons
Overcoming fixed mindset: a step-by-step guide to cultivating a growth mindset
Asked by wiki @ in Health viewed by 1320 persons
Which of the following would best complete this list?
Asked by wiki @ in Social Studies viewed by 767 persons
Most viewed questions in Business Studies
Where do improvement initiatives get recorded in tcs
Asked by admin @ in Business Studies viewed by 8006 persons
Tcs agile vision enterprise agile by 2020 means
Asked by admin @ in Business Studies viewed by 5783 persons
____________ user research method comes from motion picture production
Asked by admin @ in Business Studies viewed by 5462 persons
Difference between general cargo rates and specific cargo rates
Asked by admin @ in Business Studies viewed by 3123 persons
The scrum team is using the kanban board
Asked by admin @ in Business Studies viewed by 3042 persons
Agile teams need to comply by the agile values
Asked by admin @ in Business Studies viewed by 2989 persons
Which statement is incorrect about exception handling in blue prism
Asked by admin @ in Business Studies viewed by 2946 persons
Written documentation is not important in a project documentation process
Asked by admin @ in Business Studies viewed by 2771 persons
Explain how business is transforming itself to e business
Asked by admin @ in Business Studies viewed by 2652 persons
Factors considered essential for the audit of a company
Asked by admin @ in Business Studies viewed by 2503 persons
To manage the azure ad the required privilege is
Asked by admin @ in Business Studies viewed by 2291 persons
Nature of products offered for sale in departmental store
Asked by admin @ in Business Studies viewed by 2205 persons
There is no difference between shut company and delete company
Asked by admin @ in Business Studies viewed by 2048 persons
Social factors affecting acceptance and rejection of an identified product
Asked by admin @ in Business Studies viewed by 1998 persons
What does data warehousing allow organizations to achieve
Asked by admin @ in Business Studies viewed by 1849 persons