Consider the following statements in context with the Economy of Bengal during early British Era in 18th century India:
1. One of the main commercial attraction of Bengal for British was the availability of the goods which were of great demand in Europe
2. Bengal had well established local commercial institutions
3. The most important reason to shift important offices from Murshidabad to Calcutta was lack of land and water communication
Which among the above statements is/ are correct?

Answer: [A] Only 1 is correct

The first statement is correct. The second statement is NOT correct, because Bengal had not well established local commercial institutions and that was one of the reasons that the market was gradually captured by those Europeans. The third statement is incorrect and has some political reasons such as confrontation with the Nawabs. First Governor General Warren Hastings had moved all important offices from Murshidabad to Calcutta.

This question is a part of GKToday's Integrated IAS General Studies Module