The first factory settled by Dutch East India Company was establi
| The first factory settled by Dutch East India Company was established in which year?
A. Surat, 1605
B. Masaulipatam, 1605
C. Coimbatore, 1615
D. Kochi, 1635
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Right Answer is: B
SOLUTION
• The first factory settled by Dutch East India Company was established at Masaulipatam in Andhra Pradesh in 1605.
• Dutch Suratte and Dutch Bengal were established in 1616 AD and 1627 AD respectively. And in 1656 Dutch captured Sri Lanka from Portuguese.
• In economic terms, they earned huge profits through business monopolizing in black pepper and spices. The major Indian commodities traded by the Dutch were cotton, indigo, silk, rice, and opium.
• The coins issued by the Dutch were all modelled on the local coinages. Dutch presence on the Indian subcontinent lasted from 1605 AD to 1825 AD.