Question

Which of the following is NOT true in the context of the Marwaris (business community) of India?

• A. They became successful business community during colonial period.
• B. They took advantage while settling in colonial cities such as Calcutta.
• C. Their accumulated wealth had a negative impact on the commercial expansion of the British in India.
• D. They transformed themselves into modern industrialists.

Hint:

Remember the question wants the false statement. Three statements are historical facts about Marwari rise and one is not.

Answer 1

The Correct Option is C

Step 1: Understanding the Concept:
The Marwaris are a trading community from Rajasthan. During colonial rule many moved to cities such as Calcutta, worked as traders and moneylenders, and later became industrialists. In a NOT true question, three statements are correct and one is false. We look for the false one.

Step 2: Check option (A).
Marwaris did rise as a strong business community in the colonial period, using the new trade networks. So this statement is true and cannot be the answer.

Step 3: Check option (B).
They settled in colonial cities, especially Calcutta, and gained from the trade and credit opportunities there. So this statement is true and cannot be the answer.

Step 4: Check option (C).
Their wealth did not harm British commerce. They worked alongside British firms as brokers and financiers, and their money helped trade grow. So the claim of a negative impact is false. This option is the answer.

Step 5: Check option (D).
Many Marwari families moved from trade and money lending into modern industry such as jute mills, and some became large industrialists. So this statement is true and cannot be the answer.

Final Answer:
The statement that is NOT true is option 3. \[ \boxed{\text{Option 3}} \]