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Question
The license was given by England to the East India Company to trade with the eastern countries by ______.
Options
Sir George Oxenden
Queen Elizabeth
Princess Braganza
Homer
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Solution
The license was given by England to the East India Company to trade with the eastern countries by Queen Elizabeth.
Explanation:
The British established ‘East India Company’ on 31st December 1600. Queen Elizabeth granted permission to the company to trade in the eastern countries. In the beginning the East India Company’s operations were limited to send their cargos to the eastern countries, to sell the British goods in those countries, to buy spices with the profits earned there and the cash carried from home, to sell the spices in England and to earn profits.
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