INDIAN HISTORY

HISTORY

THE FIRST ONE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which country was first to start a joint stock company to trade with India?
A
Portugese
B
Danish
C
Dutch
D
French
Explanation: 

Detailed explanation-1: -It was the Dutch East India Company to start a joint stock company to trade with India.

Detailed explanation-2: -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-3: -Traded commodities included textiles, pepper, and yarn from India, cinnamon, cardamom, and gems from Sri Lanka. Some were traded only over short distances, while others traveled greater distances, such as between Indonesia, China, and Japan.

There is 1 question to complete.