Colonialism in India

Choose the Correct Answer

Correct Answer : Option b

Explanation
In the 18th century, the East India Company primarily sought to maximize its gains through both trade and territorial expansion. Initially established for trade, the Company increasingly became involved in political and military affairs to secure its economic interests, especially after victories such as the Battle of Plassey (1757). While the Company did seek trade concessions from Indian rulers, its ambitions grew beyond mere trade, and it started acquiring territories to control revenue and strengthen its influence. Over time, the Company’s role shifted from a commercial enterprise to an entity that effectively governed large parts of India, laying the foundation for the British Empire. Therefore, the correct characterization is that the Company sought to maximize its profits through both trade and territory rather than focusing solely on one or the other.