if you want to remove an article from website contact us from top.

    what did the east india company do from the coins minted by the company?

    Mohammed

    Guys, does anyone know the answer?

    get what did the east india company do from the coins minted by the company? from screen.

    Coins of British India

    Coins of British India

    From Wikipedia, the free encyclopedia

    Jump to navigation Jump to search

    Indian rupee coin (1862).

    Obverse: Crowned bust surrounded by inscription Victoria Queen. Reverse: Face value, country and date surrounded by wreath.

    Coin minted in 1862 and made of 91.7% silver.

    Royal title changed to Victoria Empress in 1877 (1884 coin shown here)

    British trading posts in India were first established by the East India Company (EIC) early in the seventeenth century, which quickly evolved into larger colonies covering a significant part of the subcontinent. Early settlements or factories included Masulipatnam (1611) and Madras (1640) in the south, Surat (1612) in the west, and modern-day Kolkata (1698–99) in the east.[1][2] These colonies gave rise to Madras Presidency, Bombay Presidency, and Bengal Presidency, and each Presidency had a separate coinage and monetary system. In time, the EIC adopted a unified system of coinage throughout all British possessions in India and the older Presidency system was discontinued. After the Indian Rebellion of 1857, control of EIC territories passed to the British Crown.[3] Coinage issued after 1857 were under the authority of the monarch as India became part of the British Empire. With the Royal Titles Act 1876, Victoria took the title "Empress of India", so in 1877 coin inscriptions changed from Victoria Queen to Victoria Empress. There was a transition period after India gained independence on 15 August 1947, and the first set of republic India coins were issued in 1950.

    Coinage under the British can be divided into two periods: East India Company (EIC) issues, pre-1835; and Imperial issues struck under direct authority of the crown. The EIC issues can be further subdivided into two subcategories: the Presidency issues, which comprise separate Madras Presidency, Bombay Presidency, and Bengal Presidency issues; and uniform coinage for all British territories from 1835 to 1858. Imperial issues bear obverse portraits of Queen Victoria (dated 1862–1901),[4] Edward VII (dated 1903–1910), George V (dated 1911–1936), and George VI (dated 1938–1947). No British India coins were issued during the brief reign of Edward VIII.

    Contents

    1 East India Company

    1.1 Madras Presidency

    1.2 Bengal Presidency

    2 Imperial coinage

    2.1 Victoria Queen and Empress

    2.1.1 Gold coinage

    2.1.2 Silver coinage

    2.2 Edward VII 2.3 George V 2.4 Edward VIII 2.5 George VI 3 See also 4 References

    East India Company[edit]

    1835 East India Company quarter anna, part of the unified coinage introduced that year.

    1840 East India Company rupee. It was minted in Bombay, Calcutta and Madras.

    The English East India Company was granted a royal charter by Queen Elizabeth I which allowed trade monopoly with eastern countries including Sumatra, Java, and India. The territories governed by the East India Company were divided into three major administrative regions: Madras Presidency in the south, Bombay Presidency in the west, and Bengal Presidency in the east. Most of the north, however, for a long time continued to remain under the control of the Mughal emperor, and later, local rulers including the Marathas and Rajputs. Each of the three presidencies under East India Company governance issued their own coins until a unified coinage throughout all territories was introduced in 1835.[5] Early presidency issues often imitated local issues and the Mughal design in order to gain wider acceptance by the native population.

    Early European style coins were not popular outside jurisdiction of their respective settlements. In spite of having their own mints, the EIC either sent its bullion to the Mughal mints or forged the common coins of the contemporary Mughal Emperor. In 1717, the EIC obtained rights to strike coins in the name of the Mughal emperor Farrukhsiyar on the island of Bombay.

    Madras Presidency[edit]

    The major mints in the west responsible for issuing coins for the East India Company included Surat, Bombay (Mumbai or Munbai), and Ahmadabad. From 1621 till 1800, the English sent their precious metal bullion to the Surat mint, controlled by the , to be coined into local gold mohurs and silver rupees. As the Surat mint was unable to meet the required production rate, silver was also sent to the Ahmadabad mint in 1636. During later years, the Ahmadabad mint also struck rupees for the Bombay Presidency in the name of Muhammad Akbar II with the dates 1233–1241 AH (1817–1825 CE).

    स्रोत : en.wikipedia.org

    What did the East India Company do from the coins minted by the Company?a)The name of the Mughal emperor was removed from the coins.b)The name India was removed from the coinsc)The name of the Governor general was removed from the coinsd)The name of the British King was removed from the coins .Correct answer is option 'A'. Can you explain this answer?

    The name of the mughal emperor was removed from the coins.

    UPSC Question  >  What did the East India Company do from the c...

    What did the East India Company do from the coins minted by the Company?

    a)

    The name of the Mughal emperor was removed from the coins.

    b)

    The name India was removed from the coins

    c)

    The name of the Governor general was removed from the coins

    d)

    The name of the British King was removed from the coins .

    Correct answer is option 'A'. Can you explain this answer?

    Related Test

    Test: When People Rebel (1857 & After)

    Answers

    Diksha Yadav Jul 12, 2018 Related

    What did the East India Company do from the coins minted by the Company?a)The name of the Mughal emperor was removed from the coins.b)The name India was removed from the coinsc)The name of the Governor general was removed from the coinsd)The name of the British King was removed from the coins .Correct answer is option 'A'. Can you explain this answer?

    The name of the mughal emperor was removed from the coins.

    Upvote | 1 Reply

    1 Crore+ students have signed up on EduRev. Have you?

    Download as PDF

    Are you preparing for UPSC? NoYes

    Top Courses For UPSC

    History for UPSC CSE

    Famous Books for UPSC Exam (Summary & Tests)

    Indian Polity for UPSC CSE

    Geography for UPSC CSE

    Laxmikanth for Indian Polity: Summaries & MCQs

    Explore Courses Wizius Careers Feb 18, 2022

    During their dominance of India, the company established their own coinage. they initially built a mint in bombay in 1672. at first they competed against a number of regional mints but, because of their control of the country, in 1835 they absorbed the competition. the largest of these belonged to the mughal empire and the directorates of marathas and rajputs. despite the fact that the east india company was a non-government entity, after it consolidated india’s existing mints it became the sole issuer and controller of india’s circulating money until 1858. Hence the correct answer is option (A).

    Upvote Reply

    View courses related to this question

    Explore UPSC courses

    Explore UPSC courses

    View courses related to this question

    Share with a friend Answer this doubt

    Similar UPSC Doubts

    THE BRITISH PARLIAMENT KEPT AN EYE ON THE EAST INDIA COMPANYS OPERATIONS FR...MORE

    1 Answer

    WHICH OF THE FOLLOWING STATEMENTS IS NOT CORRECT REGARDING THE PROVISIONS O...MORE

    1 Answer

    THE TREATY OF ALLAHABAD WAS SIGNED BETWEEN WHICH MUGHAL EMPEROR AND ROBERT ...MORE

    1 Answer

    WHICH ONE OF THE FOLLOWING IS CORRECT ABOUT REGULATING ACT OF 1773? 1. IT D...MORE

    1 Answer

    WHICH OF THE FOLLOWING PAIRS IS NOT CORRECTLY MATCHED?

    Question Description

    What did the East India Company do from the coins minted by the Company?a)The name of the Mughal emperor was removed from the coins.b)The name India was removed from the coinsc)The name of the Governor general was removed from the coinsd)The name of the British King was removed from the coins .Correct answer is option 'A'. Can you explain this answer? for UPSC 2022 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What did the East India Company do from the coins minted by the Company?a)The name of the Mughal emperor was removed from the coins.b)The name India was removed from the coinsc)The name of the Governor general was removed from the coinsd)The name of the British King was removed from the coins .Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2022 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What did the East India Company do from the coins minted by the Company?a)The name of the Mughal emperor was removed from the coins.b)The name India was removed from the coinsc)The name of the Governor general was removed from the coinsd)The name of the British King was removed from the coins .Correct answer is option 'A'. Can you explain this answer?.

    Solutions for What did the East India Company do from the coins minted by the Company?a)The name of the Mughal emperor was removed from the coins.b)The name India was removed from the coinsc)The name of the Governor general was removed from the coinsd)The name of the British King was removed from the coins .Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

    Here you can find the meaning of What did the East India Company do from the coins minted by the Company?a)The name of the Mughal emperor was removed from the coins.b)The name India was removed from the coinsc)The name of the Governor general was removed from the coinsd)The name of the British King was removed from the coins .Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of What did the East India Company do from the coins minted by the Company?a)The name of the Mughal emperor was removed from the coins.b)The name India was removed from the coinsc)The name of the Governor general was removed from the coinsd)The name of the British King was removed from the coins .Correct answer is option 'A'. Can you explain this answer?, a detailed solution for What did the East India Company do from the coins minted by the Company?a)The name of the Mughal emperor was removed from the coins.b)The name India was removed from the coinsc)The name of the Governor general was removed from the coinsd)The name of the British King was removed from the coins .Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of What did the East India Company do from the coins minted by the Company?a)The name of the Mughal emperor was removed from the coins.b)The name India was removed from the coinsc)The name of the Governor general was removed from the coinsd)The name of the British King was removed from the coins .Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice What did the East India Company do from the coins minted by the Company?a)The name of the Mughal emperor was removed from the coins.b)The name India was removed from the coinsc)The name of the Governor general was removed from the coinsd)The name of the British King was removed from the coins .Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice UPSC tests.

    स्रोत : edurev.in

    First Rupee Coin Was Minted in Kolkata by the East India Company on August 19, 1757

    After the Indian Mutiny of 1857 and the power transfer from the Company to the British Crown, the mints issued coins in the name of the British monarch. Read to know more about this and other important events that took place on this day in History in this article.

    IAS PreparationThis Day in HistoryThis Day In History Aug - 19

    First Rupee Coin Was Minted - [August 19, 1757] This Day in History

    19 August 1757

    The first Rupee coin was minted in Kolkata by the East India Company.

    What happened?

    The East India Company minted the first Rupee coin or sicca in the Calcutta Mint which it had established under a treaty with the Nawab of Bengal. It forms an interesting part of modern Indian history for the IAS exam.

    First Rupee Coin Minting – Background

    The Calcutta Mint was established by the Company as per a treaty with the Nawab of Bengal.

    When Fort William was established by the Company in 1700 at Calcutta, it had no right to its own mint. In 1717, the British acquired the rights to mint coins under the name of the Mughal Emperor.

    It used to send silver and gold bullions to the Surat mint controlled by the local Nawab (Governor of the Mughal Emperor) to be minted into coins.

    Later, the Ahmedabad mint was also used in order to fulfil the higher demand.

    All the coins in the Bengal Presidency were issued in the name of the Mughal Emperor, Alamgir II and later Shah Alam II.

    The Battle of Buxar resulted in the East India Company being granted the Diwani of Bengal, Bihar and Orissa. Thereafter, the coins were issued in the name of the Company itself.

    In the early years, the three presidencies of Bengal, Madras and Bombay were issuing their own coins. It was only after the Calcutta Mint was started that a uniform coinage was adopted. This began in 1835 and the coins had the head of the British sovereign King William IV on them.

    After the Indian Mutiny of 1857 and the power transfer from the Company to the British Crown, the mints issued coins in the name of the British monarch.

    Gold, silver, copper and tin coins were minted.

    Till 1957, the following monetary system was prevalent in India:

    1 pie = 1/12 anna 1 pice = ¼ anna 1 anna = 1/16 rupee 15 rupees = 1 mohur

    The Calcutta Mint closed operations in 1952 when a new mint was established at Alipore.

    Also on This Day 1916: Birth of former Indian President Dr Shankar Dayal Sharma.1919: Afghanistan gains independence from Britain as per the Rawalpindi Treaty.1991: K R Narayanan becomes the ninth President of India.

    See previous ‘This Day in History’ here.

    Related Links

    Polity Notes for UPSC Modern Indian History Notes for UPSC

    Battle of Plassey UPSC Calendar 2021

    IAS General Studies Notes Links

    Irs Officer Nationality Of India

    Naxalite Meaning Goods And Service Tax

    Lok Sabha And Rajya Sabha Cites Full Form

    Indian Forest Service Quad

    Kalinga War Biosphere Reserves In India

    स्रोत : byjus.com

    Do you want to see answer or more ?
    Mohammed 2 month ago
    4

    Guys, does anyone know the answer?

    Click For Answer