What is known as privy purse. – InterviewSolution

1.	What is known as privy purse.
Answer» In India, a privy purse was a payment made to the ruling (royal or lower) FAMILIES of erstwhile princely states as PART of their agreements to first integrate with India in 1947 after the independence of India, and LATER to merge their states in 1949 WHEREBY they lost all ruling RIGHTS.

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