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‘Spending, not hoarding, was the dominant characteristic of the pattern of the life of the nobles.’…

History · Administration and Economy UGC NET June 2014 History
'Spending, not hoarding, was the dominant characteristic of the pattern of the life of the nobles.' The above remark was made by:
AK.M. Ashraf
BMoreland ✓ Correct
CM. Athar Ali
DR.P. Tripathi
Correct answer: (B) Moreland — W.H. Moreland made this remark, so the answer is Moreland.
Explanation
W.H. Moreland made this remark, so the answer is Moreland.
He observed that the Mughal nobles spent rather than saved their wealth.
They lived in great display and luxury at the court.
Their incomes lapsed to the state on their death.
So they had little reason to hoard for their heirs.
Moreland was a noted historian of the Mughal economy.

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