Question

How much money did the East India Company gain from Bengal in 1717 AD from Farrukhsiyar?
1. 3000
2. 2500
3. 3500
4. 3750

Answer 1

Correct Answer - Option 1 : 3000

The correct answer is 3000.

• In 1717, the British East India Company purchased duty-free trade rights in all of Bengal for peanuts worth Rupees 3000 per year from Farrukhsiyar.
• Mughal Emperor Farrukhsiyar issued royal Farman (charter) granting the company important trading facilities in Bengal.
• It included permission to export and import British goods in Bengal without paying taxes.
  • Under this Farman, the company was authorized to issue Dastaks (passes) for the transportation of goods.
• This privilege was resented by the local Bengali rulers because it deprived them of their revenue share and because it was granted by a distant and powerless Mughal ruler sitting in Delhi with barely any authority in the province.