Question : In 1600, the East India Company acquired a charter from which ruler?
Option 1: King George-I
Option 2: Queen Elizabeth I
Option 3: Queen victoria
Option 4: King James-I
Correct Answer: Queen Elizabeth I
Solution : The correct option is Queen Elizabeth I.
In 1600, the East India Company acquired a charter from Queen Elizabeth I of England, which granted the company a monopoly on English trade with the East Indies.
India's monopoly came into the hands of the English, but this royal charter was not able to stop other powers like the Portuguese, France, and the Dutch. As a result of this, they were able to buy the same thing from the Indian markets as the British.
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