GENERAL KNOWLEDGE

Detailed explanation-1: -In India, a privy purse was a payment made to the ruling families of erstwhile princely states as part of their agreements to first integrate with India in 1947 after the independence of India, and later to merge their states in 1949, thereby ending their ruling rights.

Detailed explanation-2: -A privy purse was a payment made to the ruling families of former princely states in India as part of their agreements to first unite with India after India’s independence in 1947, and then to merge their states in 1949, thus ending their ruling privileges.

Detailed explanation-3: -The concept of rulership, with privy purses and special privileges unrelated to any current functions and social purposes, is incompatible with an egalitarian social order.