Courses
Courses for Kids
Free study material
Offline Centres
More
Store Icon
Store
seo-qna
SearchIcon
banner

In 1602, _____ East India Company was established.
A)British
B)Portuguese
C)French
D)Dutch

Answer
VerifiedVerified
538.5k+ views
Hint: These Dutch organizations amalgamated in March 1602 into the United East India Company, which presented the main lasting joint stock from 1612. An Australian vintner has utilized the VOC logo since the late twentieth century, having re-enlisted the organization's name for this reason.

Complete answer:
In 1602, Dutch East India Company was established. It was a trading company founded in the Dutch Republic in 1602, to secure that state's exchange the Indian Ocean and to aid the Dutch battle of freedom from Spain. Further, the organization exchanged with Indianized Southeast Asian nations when the Dutch government conceded it a 21-year restraining infrastructure on the Dutch zest exchange. In the mid 1600s, by broadly giving bonds and portions of stock to the overall population, it turned into the world's first officially recorded public organization.

The company has been frequently named an exchanging company or once in a while a company organization. Notwithstanding, the VOC was indeed an early-present day corporate model of vertically coordinated worldwide inventory network and a proto-combination, differentiating into various business and mechanical exercises, for example, global exchange (particularly intra-Asian exchange), shipbuilding, and both creation and exchange of East Indian flavors, Indonesian espresso, Formosan sugarcane, and South African wine. The organization was a cross-country boss and a corporate pioneer of outward unfamiliar direct venture at the beginning of current free enterprise. In the mid 1600s, by broadly giving bonds and portions of stock to the overall population, VOC turned into the world's first officially recorded public organization.

The company was truly a commendable organization state as opposed to an unadulterated revenue driven company. Initially an administration sponsored military-business endeavor, the VOC was the wartime brainchild of driving Dutch conservative legislator Johan van Oldenbarnevelt and the States-General. From its beginning in 1602, the organization was a business venture as well as viably an instrument of battle in the youthful Dutch Republic's progressive worldwide battle against the amazing Spanish Empire and Iberian Union (1579–1648).By the late seventeenth century the organization had declined as an exchanging and ocean power and had gotten an increasing number of associated with the undertakings of Java. By the eighteenth century the organization had transformed from a business delivering endeavor to a free regional association keen on the farming produce of the Indonesian archipelago.

Hence, the correct answer is option (D)

Note: By the end of 18th century, the organization got degenerate and was in debt. The Dutch government at last denied the organization's sanction and in 1799 assumed control over its obligations and assets. The organization's elective names that have been utilized incorporate the 'Dutch East Indies Company', 'Joined East India Company', 'Joined East Indian Company', 'Joined East Indies Company', 'Jan Company', or 'Jan Compagnie'.