Which of the following statements is are correct regarding the English East India Company ...........

Ancient and Medival History Later Mughals and Advent of Europeans

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Which of the following statements is/are correct regarding the English East India Company?

1.It was a Government Company

2.It was Granted a Royal charter giving it the exclusive privilege of trading East of the Cape of Good hope for a period of 15 years.

3.Its first permanent factory was set up at Masulipatnam.

Select the correct answer from the following options:

1 only

2 only

1and 3 only

1,2 and 3 All

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Explanation:

Statement 1 is incorrect: English East India Company was not a Government Company,it was a private Company.

Statement 2 is correct: on the 31st December 1600 Queen Elizabeth I granted over 200 English merchants the right to trade in the East Indies for fifteen years. One of these groups of merchants called themselves Governor and Company of Merchants of London Trading into the East Indies, later to become simply The East India Company.

Statement 3 is incorrect: First permanent factory of East India Company was set up in 1613 at Surat.

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