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Answers
Explanation:
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Answer:
1. Ans = In 180, 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.
2. Ans = English trading companies. Mercantile trading companies in those days made profit primarily by excluding competition.
3. Ans = The first English factory was set up on the banks of the river Hoogly in 1651.
4. Ans = Two years later it bribed Mughal Officials
into giving the Company zamindari rights over three villages. One of these was Kalikata, which later grew into the city of Calcutta or Kolkata as it is known today.
5. Ans = Calcutta or Kolkata as it is known today. It also persuaded the Mughal Emperor Aurangazeb to issue a Farman granting the Company the right to trade duty free.
6 Ans .The Company did not have to fear competition from other English trading companies. Mercantile trading companies in those days made profit primarily by excluding competition.
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