Establishment of the East India Company & Carnatic Wars
Consider the following regarding the 'Factory' system of EIC: 1. Early factories were not manufacturing units but fortified warehouses for storage. 2. The 'Agent' in charge of a factory was responsible for both commercial and local diplomatic activities. 3. Initially, the English were required to pay custom duties, but they gradually gained tax-free trade rights through royal Firmans. Which of the statements are correct?
Option en
Option hi