INSIGHT UPSC QUIZ

GS History Modern India
Q.

Consider the following statements about East India Company:

1. In line with prevailing mercantilist ideas, the company was allowed to carry bullion out of Britain to finance its trade.

2. It was established to combat Dutch competition in trade with the East.

3. The company was allowed monopoly of all trade of England with the East.

Which of the statement(s) given above is/are correct?

Explanation:

Statement 1 is incorrect: as mercantilist ideas advocated against the carrying out of gold which the East India Company used to fund its imports from India.

  • Other statements are correct

Thus, Option C is Correct.

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