ECONOMICS (CBSE/UGC NET)

ECONOMICS

INCENTIVES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following was the initial reason that European countries started exploration?
A
to find trade routes with the Americas
B
to find water trade routes to Asia
C
to find water trade routes to Caribbean Islands
D
to find trade routes with Canada
Explanation: 

Detailed explanation-1: -The Turks started levying too many taxes on the goods passing through these routes. As a result, trade became unprofitable. Meanwhile, Spain and Portugal were attempting to break the monopoly of Italian traders. They started encouraging enterpresing sailors to find a new sea route to India .

Detailed explanation-2: -Finding all-water routes to Asia and its riches would allow European merchants to cut out Middle Eastern middlemen and reap all the profits of eastern trade. Some Europeans were also eager to spread Christianity to nonbelievers.

Detailed explanation-3: -Along with the idea of looking for new trade routes, they also hoped to find new sources of gold, silver, and other valuables. Additionally, Europeans saw exploration as a way to bring Christianity to other cultures that lived in other lands.

Detailed explanation-4: -Historians generally recognize three motives for European exploration and colonization in the New World: God, gold, and glory.

Detailed explanation-5: -Portugal was the first country that sent explorers to search for the sea route to Asia.

There is 1 question to complete.