Choose the below statement is true/false;

The East India Company established trade relations with India in 1600.

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True

False

answer is A.

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Detailed Solution

The above statement is True.
The functioning of the East India Company was:-
1)      The East India Company established trade relations with India in 1600.
2)      They were given a royal charter from the Queen of England and the sole right to trade with the East.
3)      Other European countries- the Portuguese, the Dutch, and the French- also established their foot for trade in India.
4)      The East India Company started building a fort near the settlement of their first factory in 1696 which was on the banks of the river Hugli.
5)      Later, they persuaded Aurangzeb to issue a decree in which he granted the right to trade duty-free to the Company.

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