Question

Q. The term “Factors” in the 18^th century of Indian history was used for?

• A. Company’s traders
• B. Warehouse
• C. Rich merchants
• D. Raw material

Answer 1

The correct option is A Company’s traders

Explanation:

The first English factory in Bengal was set up on the banks of the river Hugli in 1651. This was the base from which the Company’s traders, known at that time as “factors”, operated. The factory had a warehouse where goods for export were stored, and it had offices where Company officials sat.