HISTORY
MISCELLENOUS QUESTIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Dutch East India Company
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English East India Company
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Portuguese
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Gujarati and Marwari mercantile groups
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Detailed explanation-1: -To obtain the silver it needed to trade for tea with China, the East India Company smuggled opium from India. Opium was illegal in China, but nevertheless in demand. By 1839, East India Company’s sale of opium to China paid for the entire tea trade.
Detailed explanation-2: -After 1820, the primary commodity exported to China was Opium. The opium was grown initially in Bengal and Bihar, by Indian farmers, but was also cultivated in the Malwa region in India’s western region. Ironically the cheaper Malwa Opium resulted in the drug being widely sold in China.
Detailed explanation-3: -The Dutch East India Company was created in 1602 as “United East India Company” and its first permanent trading post was in Indonesia. In India, they established the first factory in Masulipattanam in 1605, followed by Pulicat in 1610, Surat in 1616, Bimilipatam in 1641 and Chinsura in 1653.