Correct Option
The correct option is 1 and 2 only.
Explanation
Administrative and revenue-related terms in medieval and early colonial India had specific functional meanings within state and commercial structures.
Statement 1: Correct
Aurang referred to a workshop or production unit, and in certain administrative contexts, it was associated with state-controlled establishments where officials supervised resources, including treasury-related functions.
Statement 2: Correct
Banian was an Indian agent or broker employed by European trading companies, particularly the East India Company, to manage trade, finances, and local dealings.
Statement 3: Incorrect
Mirasidar denoted a hereditary landholder with customary rights over land, especially in South India, and not specifically a designated revenue payer to the State.
Key Takeaway: Terms like Banian and Mirasidar denote intermediary and landholding roles respectively, while Aurang relates to state-controlled establishments rather than a fixed revenue designation.