Which of the following statements is/are correct? The Dutch East Ind

Which of the following statements is/are correct?

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The Dutch East India Company was formed after the formation of the British East India Company.
Vasco da Gama reached Calicut in 1498.

Select the correct answer using the code given below.

1 only

2 only

Both 1 and 2

Neither 1 nor 2

Answer is Right!

Answer is Wrong!

This question was previously asked in

UPSC NDA-2 – 2022

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Both statements are correct.

Statement 1: The British East India Company received its Royal Charter in 1600. The Dutch East India Company (VOC) was formed in 1602 through the merger of several smaller Dutch trading companies. Thus, the Dutch East India Company was formed after the British East India Company. Statement 2: The Portuguese explorer Vasco da Gama successfully navigated a sea route around Africa and reached Calicut (Kozhikode) on the Malabar Coast of India on May 20, 1498. This event marked the beginning of direct maritime trade between Europe and India, bypassing the traditional land routes.

The formation of the British and Dutch East India Companies marked the organized entry of these European powers into the lucrative East Indies trade, leading to competition with existing powers like Portugal and later France. Vasco da Gama’s voyage was a pivotal moment in the age of discovery, opening up new possibilities for trade and colonization.

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