Consider the following statements regarding lsquo Royal Charter 1600 rsquo 1 It granted sole r...........

Modern Indian History NCERT

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Consider the following statements regarding ‘Royal Charter 1600’.

1.It granted sole right to East India Company to trade with East.

2.It also prevented other European powers from entering the eastern markets.

Choose the correct statements using the codes given below

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

· In 1600, the East India company acquired a charter from the ruler of England Queen Elizabeth I granting sole right to trade with the east. This meant that no other trading group in England Could compete with the East Indian Company.
· However, it could not prevent other European powers from entering the Eastern Markets