East India Company's Charter and Trade Routes Quiz

East India Company's Charter and Trade Routes Quiz

Created by
@InfluentialConceptualArt

Questions and Answers

How did mercantile trading companies in the eighteenth century primarily make profit?

By excluding competition and buying cheap to sell dear

Who granted the East India Company the sole right to trade with the East in 1600?

Queen Elizabeth I

Which Portuguese explorer discovered the sea route to India in 1498?

Vasco da Gama

Which European power had already established their presence in India by the time the English ships arrived in the seventeenth century?

<p>Portuguese</p> Signup and view all the answers

What base did the Portuguese establish in India on the western coast?

<p>Goa</p> Signup and view all the answers

Name another European power that started exploring trade possibilities in the Indian Ocean by the early seventeenth century.

<p>Dutch</p> Signup and view all the answers

What was the significance of the charter acquired by the East India Company from Queen Elizabeth I in 1600?

<p>It granted the Company the sole right to trade with the East, eliminating competition in England.</p> Signup and view all the answers

How did the East India Company primarily make profit in the eighteenth century?

<p>By buying goods cheaply and selling them at higher prices through mercantile trade.</p> Signup and view all the answers

Who established their presence in the western coast of India before the English ships arrived in the seventeenth century?

<p>The Portuguese</p> Signup and view all the answers

Which European explorer discovered the sea route to India in 1498?

<p>Vasco da Gama</p> Signup and view all the answers

By the early seventeenth century, which other European power began exploring trade opportunities in the Indian Ocean?

<p>The Dutch</p> Signup and view all the answers

What strategy did mercantile trading companies in the eighteenth century primarily use to make profit?

<p>Excluding competition to buy goods cheap and sell at higher prices.</p> Signup and view all the answers

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