Which of the following is true in regard to how prepared the Mughal state was for the expanding Indian Ocean commerce?
A) It had not developed a money economy.
B) It had very few exports that were in demand in the opening world market.
C) Income tax revenues were insufficient and unreliable.
D) A necessary system of transportation for trade had not yet begun.
E) It had shifted populations by subsidizing new settlements.
Correct Answer:
Verified
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