In the context of historical trading companies, consider the following statements:

The Dutch East India Company was the first multinational corporation in the world.

The British East India Company was dissolved in 1902.

The French East India Company was established to compete with the British and Dutch companies.

The Danish West India Company focused primarily on trade in the Caribbean.

How many of the above statements are correct?

Question

The Dutch East India Company was the first multinational corporation in the world: This is correct. Established in 1602, it was the first company to issue stock.
The British East India Company was dissolved in 1902: This is incorrect. It was dissolved in 1873, following the Government of India Act.
The French East India Company was established to compete with the British and Dutch companies: This is correct. It was founded in 1664 but struggled to compete effectively.
The Danish West India Company focused primarily on trade in the Caribbean: This is correct. It was established in 1671 and traded sugar and slaves.

Thus, only one statement is correct. The correct answer is (A) Only one.

GKToday Admin · Accepted Answer

Only one

The Dutch East India Company was the first multinational corporation in the world: This is correct. Established in 1602, it was the first company to issue stock.
The British East India Company was dissolved in 1902: This is incorrect. It was dissolved in 1873, following the Government of India Act.
The French East India Company was established to compete with the British and Dutch companies: This is correct. It was founded in 1664 but struggled to compete effectively.
The Danish West India Company focused primarily on trade in the Caribbean: This is correct. It was established in 1671 and traded sugar and slaves.

Thus, only one statement is correct. The correct answer is (A) Only one.

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