The 'Farman' of 1717 is often criticized by historians as the 'Magna Carta' of EIC because:
1. It allowed the misuse of trade permits by EIC servants for private gain.
2. It effectively undermined the authority of the Bengal Nawab in revenue collection.
3. It exempted the EIC from all forms of tolls and transit duties across India.
Which are correct?

Question

The 'Farman' of 1717 is often criticized by historians as the 'Magna Carta' of EIC because:
1. It allowed the misuse of trade permits by EIC servants for private gain.
2. It effectively undermined the authority of the Bengal Nawab in revenue collection.
3. It exempted the EIC from all forms of tolls and transit duties across India. 
Which are correct?

Accepted Answer

Statement 3 is incorrect. The exemption was specifically for Bengal province, not the entire Indian subcontinent.

Answer

Answer