History · Colonial Economy
UGC NET June 2023 History (Shift-II)
Which of these statements are correct in the context of the British East India Company's trade with China? Choose the correct answer from the options given below.
- 1. The British East India Company's trade contact with China was established in 1701
- 2. The Chinese government controlled it closely by restricting it to the port city of Canton
- 3. The Chinese traded mostly in exchange of silver
- 4. The British East India Company had grown a profitable trade in silk and tea in the initial fifty years
- 5. The British East India Company signed the Treaty of Nanking with China in 1701
A1, 2, 3 and 4 only ✓ Correct
B1, 2 and 3 only
C1, 2, 4 and 5 only
D1, 3, 4 and 5 only
Correct answer: (A) 1, 2, 3 and 4 only — The correct statements are 1, 2, 3 and 4 only.
Explanation
★The correct statements are 1, 2, 3 and 4 only.
★The British East India Company's first trade contact with China was established in 1701.
★The Chinese government restricted it to the port city of Canton, and the company got permission in 1762 to establish a factory there.
★The Chinese traded mostly in exchange of silver, which the company paid for silk, tea and porcelain.
★The company had grown a profitable trade in silk and tea in the initial fifty years.
★The Treaty of Nanking was signed in 1842, not 1701, so the fifth statement is wrong.
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