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Q.

Choose that given statement is true/false

English east India company formed in 31 December 1600

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a

False

b

True

answer is A.

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Detailed Solution

The given statement is True.
The East India Company was founded on December 31 1600, by the Royal charter. This English company was formed for the trade and exploitation of trade. This was an English company that later became the British East India company. This company's monopoly was to trade in India to participate in the East Indian spice trade. The Portuguese and French east India corporations fought against the British East India Company. The British company tried to take over the wealth of India.

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