Consider the following statements regarding the financial cost of the Second Carnatic War on the French Company:
1. The war completely drained the commercial profits of the French EIC.
2. The French directors in Paris were infuriated because Dupleix was spending trade money on territorial wars.
3. Dupleix successfully hid the losses by generating massive synthetic profits from local land revenues.
Which of the statements are correct?

Question

Accepted Answer

Statement 3 is incorrect. Dupleix could not hide the mounting debts, and the heavy financial losses were the primary reason for his sudden recall.

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