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Consider the following statement:
1. East India Company acquired a charter from the ruler of England.
2. Despite this charter they faced huge competition from English traders in the East.
Which of the following statements is/are correct?
  • a)
    Only 1
  • b)
    Only 2
  • c)
    All of these
  • d)
    None of the above
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Consider the following statement: 1. East India Company acquired a ch...
The company received a Royal Charter from Queen Elizabeth I on 31 December 1600, coming relatively late to trade in the Indies. It granted EIC the sole right to trade with East this means no other English company was allowed to compete with them in East.
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Consider the following statement: 1. East India Company acquired a charter from the ruler of England.2. Despite this charter they faced huge competition from English traders in the East.Which of the following statements is/are correct?a) Only 1b) Only 2c) All of thesed) None of the aboveCorrect answer is option 'A'. Can you explain this answer?
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