AI-generated practice question — model-generated for extra practice, not a previous-year CBSE board question.
Indian merchants were restricted from trading with Europe in manufactured goods under colonial rule and were gradually edged out of the shipping business. This severely limited domestic commercial opportunities. However, the China trade — involving opium exports to China and tea shipments to England — remained open to them as junior partners of the British. By providing finance, procuring supplies, and shipping consignments in this trade, merchants like Dwarkanath Tagore, Dinshaw Petit, Jamsetjee Tata, Seth Hukumchand, and the Birla family accumulated the initial capital they later used to set up industrial enterprises in India.
Source: Chapter 4, Section 4.1 – The Early Entrepreneurs
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