Which of the following step s taken by the Mughal rulers facilitated trade and commerce 1 Abolishing...........

Ancient and Medival History Mughal Period

Which of the following step(s) taken by the Mughal rulers facilitated trade and commerce?

1. Abolishing the road cesses.

2. Minting of silver coins of high purity.

3. Creation of a facility for easy transaction of money from one part of the country to another.

Select the correct answer using the code given below.

2 only

1 and 3 only

2 and 3 only

1, 2 and 3

Statement 1 is correct: 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'.
The Mughals paid attention to roads and sarais, which made communication easier. A uniform tax was levied on goods at the point of their entry into the empire.
Rahdari (a transit duty, a toll) or Road cesses was declared illegal, though it continued to be collected by some of the local rajas (kings).
Statement 2 is correct: The Mughals introduced silver rupees of high purity, which became a standard coin in India and abroad and that helped in the growth of India's trade as well.
Statement 3 is correct: The ‘sarrafs’ (shroff) 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