Assertion (A): In the 1760s and 1770s, the East India Company faced problems in getting a regular supply of goods for export.

Reason (R): The emergence of new ports was an indication of the growth of new colonial powers.

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Both (A) and (R) are true and (R) is the correct explanation of (A)

Both (A) and (R) are true and (R) is not the correct explanation of (A)

(A) is true, but (R) is false

(A) is false, but (R) is true

answer is B.

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Detailed Solution

The East India Company had trouble securing a consistent supply of goods for export between the 1760s and 1770s. Due to competition from French, Dutch, Portuguese, and local traders, the East India Company took time to settle and build its political influence. The business created a management and control structure once it was founded. It began to drive out rivals through this technique and gained a monopoly on the right to trade.
On the other hand, the development of colonial powers, which occurred in the 1780s after the Dutch, French, and Portuguese left, was reflected by the appearance of new ports like Bombay and Calcutta. Earlier ports like Surat and Masulipatanam were prominent for trade.
Hence, both the Assertion and Reason are true, but the Reason is not the correct explanation of the Assertion.

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