In ______, the East India Company acquired a charter from the ruler of England, Queen Elizabeth I, granting it the sole right to trade with the East.

Question

Question

This question was previously asked in

SSC GD Constable (2022) Official Paper (Held On : 30 Jan 2023 Shift 1)

Answer 1

The correct answer is 1600.Key Points

East India Company was granted a charter by Queen Elizabeth I in 1600, giving it a monopoly on English trade with the East Indies.
The charter gave the company the power to establish factories (trading posts) in India and to export goods such as spices, silk, and tea back to England.
The company grew in power and influence over time, eventually becoming the de facto ruler of much of India by the mid-18th century.
The East India Company played a major role in British imperialism, shaping the economic, political, and cultural landscape of India and other parts of the world for centuries to come.

Additional Information

Incorporated in England in 1600 and later becoming British, the East India Company (EIC) was dissolved in 1874.
It was established to facilitate trade with East Asia and the East Indies in the Indian Ocean region.
The company colonized parts of Southeast Asia and Hong Kong in addition to seizing control of a sizable portion of the Indian subcontinent.