Trading Companies | MCQs

Explanation

The earliest factories in Surat were established by the English East India Company.

They were granted permission to set up a factory in Surat in 1612 by the Mughal Emperor Jahangir. 

Founded: 31 December 1600

Founders

• William Cavendish
• George Clifford
• John Harte
• James Lancaster
• John Spencer
• John Watts (et. al.)

Defunct: 1 June 1874

Headquarters: East India House, London, Great Britain

By 1623, the English East India Company had established factories at :

• Surat
• Broach
• Ahmedabad
• Agra
• Masulipatam

Explanation

• The company, below such apparent patronage, quickly controlled to eclipse the Portuguese, who had installed their bases in Goa and Bombay (which became later ceded to England as a part of the dowry of Catherine de Braganza).
• It controlled to create strongholds in Surat (where a manufacturing unit become constructed in 1612), Madras (1639), Bombay (1668) and Calcutta (1690). by means of 1647, the organisation had 23 factories and ninety employees in India.
• The major factories have become the walled forts of fortress William in Bengal, fortress St George in Madras and the Bombay castle. In 1634, the Mughal emperor prolonged his hospitality to the English buyers to the place of Bengal (and in 1717 absolutely waived customs responsibilities for the alternate). The organisation's mainstay corporations were via now in cotton, silk, indigo, saltpeter and tea.
  

Explanation

The East India Company was an English, and later British, joint-stock company founded in 1600 and dissolved in 1874.

Founded: December 31, 1600

Founders: Elizabeth I of England, Thomas Smythe, John Watts, Royal charter

Headquarters: London, United Kingdom

Defunct: 1 June 1874; 148 years ago

*********