Which one of the following is correct regarding the British East India Company in Bengal during the 18th Century?
(a) The Company purchased goods from Bengal using the revenues generated from the region.
(b) The British Government required the Company to pay a fixed annual amount from the revenues of Bengal.
(c) The Company brought bullion from England to purchase goods from Bengal.
(d) The British Government paid a fixed annual amount to the Company.

Question

Which one of the following is correct regarding the British East India Company in Bengal during the 18th Century?
(a) The Company purchased goods from Bengal using the revenues generated from the region.
(b) The British Government required the Company to pay a fixed annual amount from the revenues of Bengal.
(c) The Company brought bullion from England to purchase goods from Bengal.
(d) The British Government paid a fixed annual amount to the Company.

ONLiNE UPSC · Accepted Answer

The East India Company became the real master of Bengal at least from 1765. The Company‟s authorities stopped sending money from England to purchase Indian goods. Instead, they purchased these goods from the revenues of Bengal and sold them abroad. These were known as the Company‟s Investment and formed a part of its profits. On top of all this the British Government wanted its share of the rich prize and, in 1767, ordered the Company to pay it &pound; 400,000 per year. In the years 1766, 1767, and 1768 alone, nearly &pound; 5.7 million were drained from Bengal.

British East India Company in Bengal during the 18th Century

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M Question 1	⏱ 0
Which one of the following is correct regarding the British East India Company in Bengal during the 18th Century? (a) The Company purchased goods from Bengal using the revenues generated from the region. (b) The British Government required the Company to pay a fixed annual amount from the revenues of Bengal. (c) The Company brought bullion from England to purchase goods from Bengal. (d) The British Government paid a fixed annual amount to the Company.