Question

Which of the below given statements are true

A. The English Company was a private enterprise

B. The French Company was state-owned

• A. Only A
• B. Only B
• C. Both A and B
• D. None of these

Answer 1

The correct option is C Both A and B

The East India Company evolved from a small enterprise run by a group of City of London merchants, which in 1600 had been granted a royal charter conferring the monopoly of English trade in the whole of Asia and the Pacific.

The French East India Company was one of the several companies created to promote Western European commercial interests in Asia, particularly in India, beginning in the 17th century.