Consider the following statements about East India Company EIC for the period of 1600 1757 East Indi...........

Ancient and Medival History Later Mughals and Advent of Europeans

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Consider the following statements about East India Company (EIC) for the period of 1600-1757.

East India Company’s role in India was that of a trading corporation.
It increased the export of India.
It tried to open new market for Indian goods in Britain and other countries.

Which of the following are correct?

1 and 2

2 and 3

1 and 3

All of the above

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Explanation:

All of the above

The East India Company was initially created in 1600 to serve as a trading body for English merchants, specifically to participate in the East Indian spice trade. It later added such items as cotton, silk, indigo, saltpeter, tea, and opium to its wares and also participated in the slave trade

The East India Company’s royal charter gave it the ability to “wage war,” and initially it used military force to protect itself and fight rival traders. In 1757, however, it seized control of the entire Mughal state of Bengal. Robert Clive, who led the company’s 3,000-person army, became Bengal’s governor and began collecting taxes and customs, which were then used to purchase Indian goods and export them to England. The company then built on its victory and drove the French and Dutch out of the Indian subcontinent.