Which among the following statements is not true about the British East India Company (EIC) gaining supremacy in trade in India?

Competition with other European powers to secure raw materials

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Hiring gomasthas to supervise weavers and conduct quality checks

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Offering advances and loans to weavers and farmers

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Bargaining with Indian artisans to procure their finished products

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Solution

The correct option is D Bargaining with Indian artisans to procure their finished products

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Similar questions

Q. Which among the following statements is not true about the East India Company (EIC) gaining supremacy in trade?

Q. Which among the following statements is/are true about the attempts of European powers to gain supremacy in trade with India?

Q. The British East India trading company was established in the year ________

Q. Which Indian emperor permitted trade to the British East India Company?

Consider the following statements:

1. The charter Act 1853 abolished East India Company’s Monopoly of India trade.

2. Under the government of India Act 1858, the British parliament abolished the East India company altogether and took responsibility of ruling India directly.

Which of the statements given is/are correct?

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