INDIAN HISTORY

HISTORY

MISCELLENOUS QUESTIONS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which one of the following had bestowed the title of ‘Jagat Seth’ to Fatehchand?
A
Sirajuddaula
B
Muhammad Shah
C
Alivardi Khan
D
Mir Zafar
Explanation: 

Detailed explanation-1: -Notes: Fatehchand was adopted son of Manik Chand. He obtained the title of “Seth” from the Emperor Farrakhsiyar. Muhammad Shah bestowed him with the title of “Jagat Seth”.

Detailed explanation-2: -One such name was Jagat Seth of Murshidabad, well known as Seth Fatehchand.

Detailed explanation-3: -Seth Manikchand, the Bengal banker whose house was anointed Jagat Seth, ruled financial markets for nearly fifty years through business acumen & political support.

Detailed explanation-4: -The family which became known as the ‘Jagat Seths’ traced its prosperity to one Hiranand Sahu, supposedly a jeweller-turned-moneylender, who apparently left his home in the Rajasthani city of Nagaur in 1650, and eventually settled in Patna, which was then a prosperous business centre.

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