Q.3 Give reason. (2)
1. Farmers in India became bankrupt.
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Q.3 Give reason. (2)
1. Farmers in India became bankrupt.
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Answer:
For payment of taxes, Indian farmers started selling the crops at whatever price it received. The merchants and brokers started purchasing their goods at a minimum rate. At certain times the farmer had to mortgage his land to the money lender for arrangement of money to pay the tax. Hence, farmers became bankrupt.
Explanation:
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