What measure did Tipu Sultan take to modernize Mysore's economy and administration?

Quiz Options

• Abolishing land revenue
• Encouraging free trade with all nations
• Establishing state-controlled industries and trade
• Promoting subsistence farming

Explanation

Tipu Sultan implemented a mercantilist economic policy, establishing state-controlled factories for producing goods like silk, and regulating trade to boost Mysore's revenue and self-sufficiency.