In 1600, 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. This meant that no other trading group in England could compete with the East India Company. With this charter the Company could venture across the oceans, looking for new lands from which it could buy goods at a cheap price, and carry them back to Europe to sell at higher prices. ( Take time and understand me this in Bengali or Hindi or English easily)
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Yes this is true, this is what happened that time
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By 1600, the East India Company acquired a Charter from the ruler of England, Queen Elizabeth I.' Which of the following was not guaranteed by the Charter?
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The Company did not have to fear from other foreign trading companies
The sole right to trade with the East
The Company could venture across the oceans looking for new lands from which it could buy goods at a cheap price
No other trading group in England could compete with the East India Company
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