GK
INDIAN HISTORY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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East India Company
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East Indian Company
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English East India Company
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English East Indian Company
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Detailed explanation-1: -The English East India Company (EIC or EEIC), later to become the British East India Company, was founded in 1600 as a trading company.
Detailed explanation-2: -The company’s first voyage, four ships commanded by Captain James Lancaster (ca. 1554–1618), set sail in February 1601. These early expeditions were intended not for South Asia, but for Indonesia and its rich spice and pepper entrepôt of Banten.
Detailed explanation-3: -The main reason for the involvement and influence of the EIC in the Indian Subcontinent is trade. They first entered the region as a charted joint-stock company to conduct trade. The trade of spices had proved highly profitable and the British wanted to have a share in this market.
Detailed explanation-4: -During its first 20 years the East India Company was run from the home of its governor, Sir Thomas Smythe, and had a permanent staff of only six.