Question

The Danish East India Company established its trade centre in Serampore in __________
A. 1620
B. 1676
C. 1679
D. 1682

Answer 1

Hint: The Danish East India company refers to the two chartered Danish-Norweigian companies. It was founded again as Asiatic Company in 1730. The first company carried out its operation from 1616- 1650 and the second company functioned from 1670-1729.

Complete step by step answer: The Danish East India Company established its trade centre in Serampore in 1676. The Company had sent a representative from Tranquebar,Tamil Nadu to the Nawab of Bengal in order to do business. They acquired the permission by paying fifty thousand rupees in cash and many gifts to the Nawab.The first factory of the Dutch was established in Masulipatam,Andhra Pradesh in the year 1605. The major Indian items that were manufactured by the Dutch were silk, rice ,opium and indigo. They also earned huge profits from monopolizing black pepper and other spices.
The Dutch also tried their hands at coinage and flourished in business in the southern states of India. The coins were modelled on local coinage. The first Danish East Indian company was started in 1616 by king Christian IV. During their peak time the Danish and Swedish East Indian company exported more tea than the English East Indian company and smuggled into Britain at a 90% profit.
Option’B’ is the correct answer.

Note: While answering the question do not get confused between Danish East India Company and English East India Company. The English East India company was created to trade in the Indian ocean region. The Company later colonised a large part of the Indian subcontinent and Asia.