GK
INDIAN HISTORY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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trade
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fights
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war
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None of the above
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Detailed explanation-1: -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.
Detailed explanation-2: -The East India Company was formed by John Watts on 31st December 1600. It was established to exploit trade from India and South East Asia. The company went on to become the largest commercial venture in the world. It traded independently until its nationalisation in 1858.
Detailed explanation-3: -The East India Company was probably the most powerful corporation in history. At its height, it dominated global trade between Europe, South Asia and the Far East, fought numerous wars using its own army and navy, and conquered and colonised modern day India, Pakistan, Bangladesh and Burma.
Detailed explanation-4: -On 31 December 1600, the British East India Company received a Royal Charter from the British monarch Elizabeth I to trade with the East Indies. The company went on to colonise the Indian subcontinent.