Question

How did the East India Company purchase goods in India before 1865 CE?

• A. By mining for diamonds in the Indian subcontinent.
• B. By importing gold and silver from Britain.
• C. By taking a loan from the Portuguese.
• D. All of the above.

Answer 1

The correct option is B By importing gold and silver from Britain.

Before 1865 CE, the British East India Company purchased goods in India by importing gold and silver from the Britain. The revenue collected in Bengal could finance the purchase of goods for export.