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Which of the following statements is/are correct? 1. The Dutch East India Company was formed after the formation of the British East India Company. 2. Vasco da Gama reached Calicut in 1498. Select the correct answer using the code given below.

Options

  1. A1 only
  2. B2 only
  3. CBoth 1 and 2
  4. DNeither 1 nor 2

Correct answer

C. Both 1 and 2

Step-by-step solution

Vasco da Gama reached the coast of India at Calicut in May 1498 and was able to cross the Indian Ocean. The British East India Company was a private corporation formed in December 1600 to establish a British presence in the lucrative Indian spice trade. The Dutch East India Company established in 1602 when the States General of the Netherlands granted it a 21-year monopoly to carry out trade activities in Asia.

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