Step 1: Spread of Bernier’s ideas.
Bernier’s writings were widely read in Europe and shaped European understanding of Asian societies, especially India.
Step 2: Influence on western theorists.
His description led western thinkers to believe that Asian societies lacked private property and were economically backward.
Step 3: Formation of stereotypes.
This contributed to the idea of “Oriental Despotism”, where rulers were seen as absolute owners of land and people.
Step 4: Impact on policies.
Such views later influenced colonial policies and attitudes towards Indian economy and governance.
Step 5: Conclusion.
Thus, Bernier’s accounts had a long-lasting impact on western theories about Asian societies and governance.
Look at the given image and identify the ancient sculptural panel from the options:
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In an economy, when __________ is insufficient to achieve the level of output corresponding to the full employment, the difference is termed a deflationary gap.
In an economy, the currency held by the public, Net Demand Deposits with Commercial Banks and Net Time Deposits with Commercial Banks stand at ₹ 1,42,000 crore, ₹ 22,000 crore and ₹ 86,000 crore respectively. The value of Money Supply (M1) would be ₹ _______ crore.