Choose the given statement that is true/false:

The English East India Company was the only European Company that traded with India.

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True

False

answer is B.

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Detailed Solution

The above statement is false.
Many European markets traded with India.
India was known for its textiles, spices, stones, etc. Indian goods were in huge demand in the European markets. After the discovery of the sea route to India by Vasco da Gama, many European mercantile companies started to trade with India.
1)      Portuguese East India Company arrived in India in the year 1498. They established their base in Goa.
2)      Dutch East India Company also traded with India. It established a factory at Masulipatnam in 1605.
3)      The French East India Company also established itself in India. They operated from Chandernagore and Pondicherry. The struggle between French and British companies to establish their dominance in India was evident in the Carnatic wars.
The correct statement should be that many European markets traded with India.

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