16) In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the statements and chose the correct option: 1 Assertion (A): The East India Company could exclude competition from other European powers in the Eastern markets. Reason (R): The ruler of England had granted the East India Company sole rights to trade in the East. a) Both A and R are true and R is the correct explanation of A. b) Both A and R are true but R is not the correct explanation of A. c) A is true but R is false. d) A is false but R is true.
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Your answer is (b)
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