Question : How did the East India Company's involvement in rural areas impact the local economy?
Option 1: By introducing modern farming techniques
Option 2: By promoting local handicrafts
Option 3: By establishing a monopoly on trade
Option 4: By implementing revenue settlements
Correct Answer: By implementing revenue settlements
Solution : The East India Company's involvement in rural areas, particularly through implementing revenue settlements, had a significant impact on the local economy by altering traditional land ownership patterns and taxation systems.
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