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Q.

Choose that the given statement is true/false


The increased price in goods led to the conflict between East India Company and local rulers


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a

True

b

False 

answer is B.

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Detailed Solution

The above statement is false.
The East India Company and local Indian rulers clashed over the British profiting from trade and not because of the increased price of goods. The British profited because they were not paying taxes to the local Indian rulers. The British came to India for trade, but their greed grew after seeing how plentiful and prosperous India was. They were first asked to live in India without paying taxes and then demanded tax-free trade in India. All of these became sources of contention.
  
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