2 points 7. Assertion (A):British East India Company earned huge profits from Indian trade .. Reason (R): British East India Company got sole Right to trade with the East Both Assertion(A) and Reason(R) are true and Ris the correct explanation of A Both Assertion(A) and Reason(R) are true but Ris not the correct explanation of A A is correct and R is Incorrect O Als Incorrect but Ris correct ?
Answers
Answer:
A and O is correct but R in incorrect
Explanation:
Answer:
The correct option is Both Assertion A and Reason R are true and reason R is the correct explanation of Assertion A,
British east india company earned huge profits from indian trade, because British east india company was play a monopoly in india, no other company was in the level of this company. It had the sole right to trade in india from outside india. Britishers were ruling over india that's why they we're doing everything to stay on top of indian market..
Explanation:
The first English factory was set up on the banks of the river Hugli in Bengal 1651. As their expanded, the East India Company convinced merchants and traders to come and settle near the factory.
By 1696, the Company began building a fort around the Hugli settlement. It also bribed Mughal officials into giving the Company Zamindari rights over three villages, one of which was Calcutta.
It also convinced the Mughal emperor Aurangzeb to issue a farman, an official order, granting the Company the right to trade duty-free.
The employees of the Company also carried on their private trades, and so were expected to pay duty. But they refused, which angered the Nawab of Bengal, Murshid Quli Khan, and led to fierce battles.