Your question: What was the prime object of East India Company?

What was the main objective of East India Company in India?

The East India Company had two major objectives first to acquire exclusive rights to trade from and to India and second to somehow take over the financial resources of the country.

What was the prime objective of the company?

The Goals of a Business. The primary purpose of a business is to maximize profits for its owners or stakeholders while maintaining corporate social responsibility.

What was the prime objective of East India Company after the Battle of Plassey?

After the defeat at Plassey, Sirajuddaulah was assassinated and Mir Jafar made the nawab. The Company was still unwilling to take over the responsibility of administration. Its prime objective was the expansion of trade.

What was the main objective of the East India Association explain it?

East India Association

Its stated objective was to advocate for and promote public interests and welfare of Indians. It worked towards presenting the correct information about India to the British Public and voice Indian grievances in British press.

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What was the first and foremost objective of East India Company?

Answer: The efforts made by the British to establish trade relations with India were: i. The British came to India and established the East India Company to trade with Indian rulers. … Though the first and foremost objective of the East India Company traded, they had ambitions for political powers.

Why was EIC interested in India?

The British East India Company came to India as traders in spices, a very important commodity in Europe back then as it was used to preserve meat. Apart from that, they primarily traded in silk, cotton, indigo dye, tea and opium. They landed in the Indian subcontinent on August 24, 1608, at the port of Surat.

What are the objectives of a company?

In business, the term “objective” is the GOAL that a company aims to achieve. In OKR, an objective is a brief yet specific outcome it wants to achieve in a definite timeframe. Objectives answer the vital question “Where do I want to go?” Think of it as a destination on a map.

What is the most important goal of a company?

Answer: The most important goal of a company is to maximize profits for its owners or stakeholders while maintaining corporate social responsibility.

What were the major expenses of the East India Company?

Roughly it has been estimated as one trillion dollar money that was looted by the British rulers in that 200 years ruling, apart from some other wealth like gold, diamonds and raw materials which got transported. India remains as a Developing Country“.

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