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Consider the following statements withregard to the Company’s commercial privileges:
1. The ‘Golden Farman’ issued to the English Company by the Sultan of Golconda in 1732, earned them the privilege of trading freely in the ports of Golconda.
2. The Charter Act of 1793, paved the wayfor shipments of opium to China.
3. The Company’s monopoly over tradewith China and in tea ended with the Charter Act of 1853.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    1 and 2 only
  • c)
    2 only
  • d)
    1, 2 and 3
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements withregard to the Company’s co...
Major developments in Company’s commercial privileges:
  • The significant improvement in the English Company’s position was by the ‘Golden Farman’ issued to them by the Sultan of Golconda in 1632. On payment of 500 pagodas a year, they earned the privilege of trading freely in the ports of Golconda. Hence statement 1 is not correct.
  • By the Charter Act of 1793, the Company was empowered to give licences to individuals as well as the Company’s employees to trade in India. The licenses, known as ‘privilege’ or ‘country trade’, paved the way for shipments of opium to China. Hence statement 2 is correct
  • By the Charter Act of 1813, the Company’s monopoly over trade in India ended, but the Company retained the trade with China and the trade in tea, which eventually ended by Charter Act of 1833. Hence statement 3 is not correct.
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Consider the following statements withregard to the Company’s co...
Unfortunately, the given information is incomplete. Could you please provide more context or specific statements regarding the company?
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Consider the following statements withregard to the Company’s commercial privileges:1. The ‘Golden Farman’ issued to the English Company by the Sultan of Golconda in 1732, earned them the privilege of trading freely in the ports of Golconda.2. The Charter Act of 1793, paved the wayfor shipments of opium to China.3. The Company’s monopoly over tradewith China and in tea ended with the Charter Act of 1853.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements withregard to the Company’s commercial privileges:1. The ‘Golden Farman’ issued to the English Company by the Sultan of Golconda in 1732, earned them the privilege of trading freely in the ports of Golconda.2. The Charter Act of 1793, paved the wayfor shipments of opium to China.3. The Company’s monopoly over tradewith China and in tea ended with the Charter Act of 1853.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements withregard to the Company’s commercial privileges:1. The ‘Golden Farman’ issued to the English Company by the Sultan of Golconda in 1732, earned them the privilege of trading freely in the ports of Golconda.2. The Charter Act of 1793, paved the wayfor shipments of opium to China.3. The Company’s monopoly over tradewith China and in tea ended with the Charter Act of 1853.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements withregard to the Company’s commercial privileges:1. The ‘Golden Farman’ issued to the English Company by the Sultan of Golconda in 1732, earned them the privilege of trading freely in the ports of Golconda.2. The Charter Act of 1793, paved the wayfor shipments of opium to China.3. The Company’s monopoly over tradewith China and in tea ended with the Charter Act of 1853.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?.
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