Consider the following statements regarding the French East India Company:
1. It was formed under state patronage by Colbert during the reign of King Louis XIV.
2. Unlike the English Company, the French Company was heavily controlled and financed by the state, which led to bureaucratic delays.
3. The first French factory in India was established at Pondicherry by Francois Martin.
Which of the statements given above is/are correct?

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Accepted Answer

Statements 1 and 2 are correct. The state control was a major reason for the French failure against the independent English Company. Statement 3 is incorrect because the first French factory was established at Surat in 1668 by Francois Caron, not at Pondicherry.

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