Question

The British East India trading company was established in the year……..
A.1488 CE
B.1600 CE
C.1602 CE
D.1664 CE

Answer 1

Hint:East India company started as a monopolistic trading body, then they became involved in politics and acted as British imperialism in India. The company was formed with the main focus to share in the East Indian spice trade afterwards that trade had been a monopoly of Spain and Portugal until the defeat of the Spanish by England and gave the English the chance to break the monopoly.

Complete answer:
The East India Company was initially created in 1600 to serve as a trading body for English merchants, specifically to participate in the East Indian spice trade, then they later added more items as cotton, opium, tea, silk and after that also participated in the slave trade.
Who owned the East India Company?
The East India Company which was once owned by India is now owned by an Indian entrepreneur named Sanjiv Mehta. The company was founded in 1600 to import tea, spices to Europe from India.
Let us discuss why the East India Company was so successful?
The English East India Company was granted the monopoly of trade in Asia, also the low salaries were compensated by the opportunities of trade permitted to factors in their private sphere.

Hence, the correct answer is option (A).

Note:The East India Company was incorporated on 31st December 1600 by Queen Elizabeth I and was given a nickname called John Company. The Indian Rebellion was the reason for the end of the East India Company. In the wake of the aggression and bloody uprising, the British government abolished the company in the year 1958 .