Frequent question: 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 prime objective of East India Company when it first arrived in India?

Notes: Trading was the primary objective of the British East India Company. Gradually they started realizing the benefit of building an empire in India. And eventually, they came into power by winning different battles.

What was the main objective of the East India Company?

The East India Company was an English company formed for the exploitation of trade with East and Southeast Asia and India. Incorporated by royal charter on December 31, 1600, it was started as a monopolistic trading body so that England could participate in the East Indian spice trade.

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What was the prime objective of the company?

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

What effect did it have on the East India Company after the Battle of Plassey?

The answer to the following question is as follows;

The fight was fought between both the English East India Company against Siraj ud-Daulah, the very last Nawab of Bengal. Following the surrender of the capital by British troops, the Nawab lost the war and retreated downwards on the battlefield.

What are the objectives of the East India Company to permanently rule in India?

The two objectives of the East India company are as follows; They wanted to achieve their first target by exhorting British government to relinquish the royal charter which allowed to trade with India and east from England. Moreover to eliminate their European rivals they also commenced many wars on land and sea.

What happened to the EIC after the revolt of 1857?

In the aftermath of the Indian Rebellion of 1857, under the provisions of the Government of India Act 1858, the British government nationalized the EIC. … The EIC was officially dissolved in 1858 and the rebellion also led the British to reorganize the army, the financial system, and the administration in India.

What are the prime objective of East India Company in Brainly?

The two objectives of the East India company are as follows; They wanted to achieve their first target by exhorting British government to relinquish the royal charter which allowed to trade with India and east from England. Moreover to eliminate their European rivals they also commenced many wars on land and sea.

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What are the main objectives of Globalisation?

The aim of globalisation is to secure socio- economic integration and development of all the people of the world through a free flow of goods, services, information, knowledge and people across all boundaries.

What were the main objective of wood despatch?

The main objective of the Despatch was to impart Western knowledge to the Indian people and also to develop their intellect and moral character. For the first time in India, the Wood’s Despatch recommended the creation of a Department of Public Instruction in five provinces.

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 are the five 5 common main objectives of firms?

The main objectives of firms are:

  • Profit maximisation.
  • Sales maximisation.
  • Increased market share/market dominance.
  • Social/environmental concerns.
  • Profit satisficing.
  • Co-operatives.

What are the 4 main objectives of a business?

Objectives of Business – 4 Important Objectives: Economic, Human, Organic and Social Objectives

  • Economic Objectives: Essentially a business is an economic activity. …
  • Human Objectives: Human objectives are connected with employees and customers. …
  • Organic Objectives: …
  • Social Objectives:

What were the outcomes of the Battle of Plassey?

Victory for the British East India Company in the Battle of Plassey was the start of nearly two centuries of British rule in India. For an event with such momentous consequences, it was a surprisingly unimpressive military encounter, the defeat of the Nawab of Bengal owing much to betrayal.

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For what purpose did the Britishers came to 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 led to the Battle of Plassey and what was the result?

Answer: It is a battle fought between the East India Company force headed by Robert Clive and Siraj-Ud-Daulah (Nawab of Bengal). The rampant misuse by EIC officials of trade privileges annoyed Siraj. The continuing misconduct by EIC against Siraj-Ud-Daulah led to the battle of Plassey in 1757.