With reference to the early years of the East India Company, consider the following statements:
1. The original Royal Charter granted in 1600 gave the Company a monopoly over trade with the East for an indefinite period.
2. Captain William Hawkins arrived at the court of Jahangir to seek trade concessions but was initially unsuccessful due to Portuguese influence.
3. The Company established its first factory in Masulipatnam in 1611.
Which of the statements given above are correct?

Question

Accepted Answer

Statement 1 is incorrect. The original charter granted trade monopoly for only 15 years.

Answer

Answer