Consider the following statements about Government of East India Company in early years For several ...........

Ancient and Medival History Later Mughals and Advent of Europeans

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Consider the following statements about Government of East India Company in early years.

For several years Government of East India Company functioned like an "Indian ruler”.
They followed the policy of maximum intervention in local administration.
Early image of India was that of past glory accompanied by an idea of degeneration.

Which of the statements given above is/are correct?

3 only

1 and 3 only

1 and 2 only

All of the above

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Explanation:

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.

They followed the policy of minimum intervention in local administration.