Colonial and Medieval Terminologies

An 'Aurang' was a Persian term for a warehouse or a place where goods were collected before being sold, not an in-charge of the treasury (Pair 1 is incorrect). A 'Banian' was an Indian broker, agent, or capitalist employed by European merchants or the East India Company (Pair 2 is correct). A 'Mirasidar' was an individual holding hereditary rights (mirasi) in land and was often the designated revenue payer to the state in South India (Pair 3 is correct). > One-line conceptual takeaway: Historical administrative and mercantile terminologies often reveal the nature of local involvement in colonial trade. Answer: (b).