The first to start a joint stock company to trade with India were the

(A) Portuguese
(C) French
(B) Dutch
(D) Danish

Correct Answer : Dutch
Question Asked : IAS (Pre) 1994
Explanation : The first to start a joint stock company to trade with India were the Dutch. In early 17th century, Holland was not very powerful, so the organization of micro companies and the federal concept of Netherland (Holland) reflected clearly. A joint Dutch East India Company was set up by a resolution of Dutch Parliament in 1602. Its initial capital was 6,500000 guilder. This company was authorized by Parliament for 21 years to trade with India and other eastern countries for colonial expansion. The Eastern headquarter of Dutch company was located in Batavia (Jakarta). Administration and governance of eastern Dutch empire was conducted by the joint company. Its partners were in the form of private groups.
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Tags : Arrival of European Companies, Modern History of India
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