New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    In 1600, the East India Company acquired a charter from the ruler of England, Queen Elizabeth.

    I. The East India Company was granted the sole right to trade with the East.

    II. The royal charter could not prevent other European powers from entering the Eastern markets.

    A Only II Correct Answer Incorrect Answer
    B Neither I nor II Correct Answer Incorrect Answer
    C Both I and II Correct Answer Incorrect Answer
    D Only I Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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