HISTORY
THE FIRST ONE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Danish
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Portuguese
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French
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Dutch
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Detailed explanation-1: -It was the Dutch East India Company to start a joint stock company to trade with India.
Detailed explanation-2: -In the year 1850, taking the English Joint Stock Companies Act 1844 as a base, a provision was made for registration of joint stock companies in India. After this the Joint Stock Companies Act was passed in India in the year 1857.
Detailed explanation-3: -Around 1350 in France at Toulouse, 96 shares of the Société des Moulins du Bazacle, or Bazacle Milling Company were traded at a value that depended on the profitability of the mills the society owned, making it probably the first company of its kind in history.
Detailed explanation-4: -The company essentially achieved a monopoly on nutmeg (meat preserver) and cinnamon trade for about a century and raked substantial profits. Most came from the “Spice Islands” in the Dutch East Indies. By 1750, VOC employed around 25, 000 people and did business in 10 Asian countries.