Which of the following statements correct about East India Company?
1. East India Company acquired a charter from the ruler of England, Queen Elizabeth I, granting it the sole right to trade with the East.
2. The royal charter prevents other European powers from entering the Eastern markets.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2