UPSC History Expansion Company and Bengal Nawabs Question Bank British Establishment and Regional Powers

  • question_answer In 1600, the charter to the English East India Company for monopoly of eastern trade for 15 years was given by  

    A)  Queen Victoria

    B)  Queen Elizabeth I

    C)  James Princep

    D)  Oliver Crown well

    Correct Answer: B

    Solution :

     The charter to the English East India Company for monopoly of eastern trade for 15 years was given by Queen Elizabeth I in 1600. Initially, the Company struggled in the spice trade due to the competition from the already well-established Dutch East India Company. The company opened a factory in Bantam on the first voyage and imports of pepper from Java were an important part of the company's trade for twenty years. The factory in Bantam was closed in 1683. During this time, ships belonging to the company arriving in India docked at Surat, which was established as a trade transit point in 1608.

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