European Trade MCQ Quiz - Objective Question with Answer for European Trade - Download Free PDF
Last updated on Apr 25, 2025
Latest European Trade MCQ Objective Questions
European Trade Question 1:
Who made 'Caravel', a light and fast moving ship?
Answer (Detailed Solution Below)
European Trade Question 1 Detailed Solution
The correct answer is - Portuguese
Key Points
- Caravel Ship
- The caravel was a small, highly maneuverable sailing ship developed in the 15th century by the Portuguese.
- It was used during the Age of Discovery for long voyages of exploration along the West African coast and into the Atlantic Ocean.
- The design of the caravel included lateen sails that allowed it to sail windward more effectively than previous ships.
- The caravel could carry large cargoes and was instrumental in the discovery of new sea routes.
Additional Information
- Greeks
- The Greeks were known for their triremes, a type of galley used in ancient naval warfare.
- Triremes were fast and agile but not designed for long voyages of exploration like the caravel.
- Dutch
- The Dutch developed ships such as the fluyt in the 16th and 17th centuries, which were used for trade.
- The fluyt was efficient for carrying cargo but was not the same as the caravel.
- Japanese
- The Japanese had their own types of ships, such as the kobaya and atakebune, used during the Sengoku period.
- These ships were used for coastal defense and warfare rather than long voyages of exploration.
European Trade Question 2:
Which of the European theme was most popular among the Mughal artists?
Answer (Detailed Solution Below)
European Trade Question 2 Detailed Solution
The correct answer is 'Madonna dal Popola & Madonna and the child'
Key Points
- Madonna dal Popola & Madonna and the child:
- The depiction of Madonna and the child was a popular European theme embraced by Mughal artists. This theme represents the Virgin Mary holding baby Jesus and has deep religious significance in Christian art.
- Mughal artists were exposed to European art through Jesuit missionaries and European travelers who brought with them prints and paintings of religious themes.
- The Mughal emperors, particularly Akbar, were known for their curiosity and appreciation for different cultures and artistic styles, which led to the incorporation of European themes into Mughal art.
- This synthesis of European and Mughal styles resulted in unique artworks that combined Indian and European elements.
Additional Information
- Angels:
- While angels were also depicted in Mughal art, they were not as popular as the Madonna and the child theme. Angels often appeared in religious and mythological contexts within Mughal paintings.
- Adam:
- Adam, as a biblical figure, was less frequently depicted in Mughal art compared to the Madonna and the child. The focus on individual biblical figures like Adam was not as prominent.
- Renunciation:
- Renunciation is a theme more commonly associated with Indian religious and philosophical traditions, particularly in the context of Hinduism and Buddhism. It did not have the same level of popularity as the European themes brought in by the Jesuits.
European Trade Question 3:
When was the 8th round of the General Agreement on Tariffs and Trade (GATT), the so-called ‘Uruguay Round’ which led to the establishment of World Trade Organization (WTO) completed?
Answer (Detailed Solution Below)
European Trade Question 3 Detailed Solution
The correct answer is 1994.
Key Points
- The Uruguay Round, the final installment of the General Agreement on Tariffs and Trade (GATT), concluded in April 1994 in Marrakesh, Morocco.
- This extensive negotiation process unfolded from 1986 to 1994, marking the largest international trade negotiation in history.
- The Uruguay Round was instrumental in establishing the World Trade Organization (WTO), which was founded in 1995 and encompasses the principles of the GATT within a more comprehensive institutional framework.
- With 164 member nations representing 98% of global trade, the WTO serves as a pivotal organization for regulating international commerce.
- Commencing in Punta del Este, Uruguay, on September 20, 1986, the Uruguay Round featured negotiations conducted across various global cities, including Geneva, Brussels, Washington, D.C., and Tokyo.
- The round spanned seven years and ultimately laid the groundwork for significant advancements in global trade governance.
Important Points
- The General Agreement on Tariffs and Trade (GATT) is a binding legal accord among numerous countries, designed to diminish or eradicate trade impediments such as tariffs and quotas.
- Its overarching objective is to eradicate discriminatory practices in international trade.
- Initially signed in 1947 by 23 nations at the Palais des Nations in Geneva, the agreement experienced significant growth, with over 100 signatories by 1973.
- The core objectives of the GATT are to:
- Substantially diminish tariffs and other obstacles to trade.
- Eliminate preferential treatment.
- Achieve these objectives through reciprocal and mutually beneficial arrangements.
European Trade Question 4:
Regarding to the role of European Trading Companies which of the following statements are correct?
A. In 1605, the Dutch captured the Portuguese fort of Amboina
B. In 1606, Dutch obtained a Farman from the ruler of Golconda to set up a factory at Masulipatam.
C. The Dutch opened their factory at Surat in 1617.
D. English had already opened a factory at Surat in 1625.
E. The Dutch captured Malacca in 1639.
Choose the most appropriate answer from the options given below:
Answer (Detailed Solution Below)
European Trade Question 4 Detailed Solution
The correct answer is A, B and C only. Key Points
- Statement A:
- In 1605, the Dutch captured the Portuguese fort of Amboina.
- This statement is correct.
- The Dutch captured the Portuguese fort of Amboina in 1605, gaining control over the important spice trade in the region.
- Statement B:
- In 1606, the Dutch obtained a Farman from the ruler of Golconda to set up a factory at Masulipatam.
- This statement is correct.
- The Dutch did obtain a Farman (royal decree) from the ruler of Golconda in 1606, allowing them to establish a factory at Masulipatam (present-day Machilipatnam) on the Coromandel Coast of India.
- Statement C:
- The Dutch opened their factory at Surat in 1617.
- This statement is correct.
- The Dutch did open a factory at Surat, a prominent port city in Gujarat, India, in 1617.
- Statement D:
- English had already opened a factory at Surat in 1625.
- This statement is incorrect.
- While the English did establish a factory in Surat, it happened earlier than 1625.
- The English East India Company opened their factory in Surat in 1612.
- Statement E:
- The Dutch captured Malacca in 1639.
- This statement is incorrect.
- The Dutch did capture the city of Malacca, a strategic trading port in present-day Malaysia, but it happened later than 1639.
-
The Dutch captured Malacca from the Portuguese in 1641.
Hence we conclude that the correct answer is A, B and C only.
European Trade Question 5:
'Estado Da India' is popularly known as:
Answer (Detailed Solution Below)
European Trade Question 5 Detailed Solution
'Estado Da India' is popularly known as:Portuguese East India Company.Key Points
- The Estado da India was the name of the Portuguese colonial empire in India, which existed from 1505 to 1961.
- The Portuguese East India Company was a chartered company that was established in 1628 to trade with India and other parts of Asia.
- It was dissolved in 1633.
- The Estado da India was governed by a viceroy who was appointed by the Portuguese king.
- The viceroy had a council of advisors and a military force to maintain order and protect the Portuguese interests in India.
- The Portuguese also built a number of forts and trading posts in India, including the city of Goa, which was the capital of the Estado da India.
- The Portuguese were initially successful in their trading ventures in India, but they were eventually challenged by the Dutch and English East India Companies.
- In the 18th century, the Portuguese were forced to cede control of most of their possessions in India to the British.
-
The Estado da India was finally dissolved in 1961, when the Indian government annexed Goa and other Portuguese territories in India.
So based on the above discussion we can say that 'Estado Da India' is popularly known as:Portuguese East India Company.Additional Information
- Dutch East India Company:
- The Dutch East India Company was called the Vereenigde Oost-Indische Compagnie (VOC).
- It was founded in 1602 and was the first European company to establish a permanent presence in Asia.
- The VOC was a monopoly on trade with Asia and quickly became one of the most powerful companies in the world.
- It had a private fleet of over 200 ships and employed over 50,000 people.
- The VOC was responsible for the Dutch conquest of Indonesia and the establishment of the Dutch East Indies as a colony.
- The VOC was dissolved in 1799.
- English East India Company:
- The English East India Company was founded in 1600 and was the first European company to receive a royal charter to trade with Asia.
- The EIC was a monopoly on trade with India and quickly became one of the most powerful companies in the world.
- It had a private fleet of over 400 ships and employed over 200,000 people.
- The EIC was responsible for the British conquest of India and the establishment of the British Raj as a colony.
- The EIC was dissolved in 1858.
- French East India Company:
- The French East India Company was founded in 1664 and was the third European company to establish a permanent presence in Asia.
- The Compagnie Française des Indes Orientales (or the French East India Company) was a joint-stock company founded in France on 1 September 1664 to compete with the English (later British) and Dutch trading companies in the East Indies.
- Planned by Jean-Baptiste Colbert, it was chartered by King Louis XIV for the purpose of trading in the Eastern Hemisphere.
- It resulted from the fusion of three earlier companies, the 1660 Compagnie de Chine, the Compagnie d'Orient and Compagnie de Madagascar.
- The company was dissolved in 1794.
Top European Trade MCQ Objective Questions
'Estado Da India' is popularly known as:
Answer (Detailed Solution Below)
European Trade Question 6 Detailed Solution
Download Solution PDF'Estado Da India' is popularly known as:Portuguese East India Company.Key Points
- The Estado da India was the name of the Portuguese colonial empire in India, which existed from 1505 to 1961.
- The Portuguese East India Company was a chartered company that was established in 1628 to trade with India and other parts of Asia.
- It was dissolved in 1633.
- The Estado da India was governed by a viceroy who was appointed by the Portuguese king.
- The viceroy had a council of advisors and a military force to maintain order and protect the Portuguese interests in India.
- The Portuguese also built a number of forts and trading posts in India, including the city of Goa, which was the capital of the Estado da India.
- The Portuguese were initially successful in their trading ventures in India, but they were eventually challenged by the Dutch and English East India Companies.
- In the 18th century, the Portuguese were forced to cede control of most of their possessions in India to the British.
-
The Estado da India was finally dissolved in 1961, when the Indian government annexed Goa and other Portuguese territories in India.
So based on the above discussion we can say that 'Estado Da India' is popularly known as:Portuguese East India Company.Additional Information
- Dutch East India Company:
- The Dutch East India Company was called the Vereenigde Oost-Indische Compagnie (VOC).
- It was founded in 1602 and was the first European company to establish a permanent presence in Asia.
- The VOC was a monopoly on trade with Asia and quickly became one of the most powerful companies in the world.
- It had a private fleet of over 200 ships and employed over 50,000 people.
- The VOC was responsible for the Dutch conquest of Indonesia and the establishment of the Dutch East Indies as a colony.
- The VOC was dissolved in 1799.
- English East India Company:
- The English East India Company was founded in 1600 and was the first European company to receive a royal charter to trade with Asia.
- The EIC was a monopoly on trade with India and quickly became one of the most powerful companies in the world.
- It had a private fleet of over 400 ships and employed over 200,000 people.
- The EIC was responsible for the British conquest of India and the establishment of the British Raj as a colony.
- The EIC was dissolved in 1858.
- French East India Company:
- The French East India Company was founded in 1664 and was the third European company to establish a permanent presence in Asia.
- The Compagnie Française des Indes Orientales (or the French East India Company) was a joint-stock company founded in France on 1 September 1664 to compete with the English (later British) and Dutch trading companies in the East Indies.
- Planned by Jean-Baptiste Colbert, it was chartered by King Louis XIV for the purpose of trading in the Eastern Hemisphere.
- It resulted from the fusion of three earlier companies, the 1660 Compagnie de Chine, the Compagnie d'Orient and Compagnie de Madagascar.
- The company was dissolved in 1794.
Regarding to the role of European Trading Companies which of the following statements are correct?
A. In 1605, the Dutch captured the Portuguese fort of Amboina
B. In 1606, Dutch obtained a Farman from the ruler of Golconda to set up a factory at Masulipatam.
C. The Dutch opened their factory at Surat in 1617.
D. English had already opened a factory at Surat in 1625.
E. The Dutch captured Malacca in 1639.
Choose the most appropriate answer from the options given below:
Answer (Detailed Solution Below)
European Trade Question 7 Detailed Solution
Download Solution PDFThe correct answer is A, B and C only. Key Points
- Statement A:
- In 1605, the Dutch captured the Portuguese fort of Amboina.
- This statement is correct.
- The Dutch captured the Portuguese fort of Amboina in 1605, gaining control over the important spice trade in the region.
- Statement B:
- In 1606, the Dutch obtained a Farman from the ruler of Golconda to set up a factory at Masulipatam.
- This statement is correct.
- The Dutch did obtain a Farman (royal decree) from the ruler of Golconda in 1606, allowing them to establish a factory at Masulipatam (present-day Machilipatnam) on the Coromandel Coast of India.
- Statement C:
- The Dutch opened their factory at Surat in 1617.
- This statement is correct.
- The Dutch did open a factory at Surat, a prominent port city in Gujarat, India, in 1617.
- Statement D:
- English had already opened a factory at Surat in 1625.
- This statement is incorrect.
- While the English did establish a factory in Surat, it happened earlier than 1625.
- The English East India Company opened their factory in Surat in 1612.
- Statement E:
- The Dutch captured Malacca in 1639.
- This statement is incorrect.
- The Dutch did capture the city of Malacca, a strategic trading port in present-day Malaysia, but it happened later than 1639.
-
The Dutch captured Malacca from the Portuguese in 1641.
Hence we conclude that the correct answer is A, B and C only.
European Trade Question 8:
When was the 8th round of the General Agreement on Tariffs and Trade (GATT), the so-called ‘Uruguay Round’ which led to the establishment of World Trade Organization (WTO) completed?
Answer (Detailed Solution Below)
European Trade Question 8 Detailed Solution
The correct answer is 1994.
Key Points
- The Uruguay Round, the final installment of the General Agreement on Tariffs and Trade (GATT), concluded in April 1994 in Marrakesh, Morocco.
- This extensive negotiation process unfolded from 1986 to 1994, marking the largest international trade negotiation in history.
- The Uruguay Round was instrumental in establishing the World Trade Organization (WTO), which was founded in 1995 and encompasses the principles of the GATT within a more comprehensive institutional framework.
- With 164 member nations representing 98% of global trade, the WTO serves as a pivotal organization for regulating international commerce.
- Commencing in Punta del Este, Uruguay, on September 20, 1986, the Uruguay Round featured negotiations conducted across various global cities, including Geneva, Brussels, Washington, D.C., and Tokyo.
- The round spanned seven years and ultimately laid the groundwork for significant advancements in global trade governance.
Important Points
- The General Agreement on Tariffs and Trade (GATT) is a binding legal accord among numerous countries, designed to diminish or eradicate trade impediments such as tariffs and quotas.
- Its overarching objective is to eradicate discriminatory practices in international trade.
- Initially signed in 1947 by 23 nations at the Palais des Nations in Geneva, the agreement experienced significant growth, with over 100 signatories by 1973.
- The core objectives of the GATT are to:
- Substantially diminish tariffs and other obstacles to trade.
- Eliminate preferential treatment.
- Achieve these objectives through reciprocal and mutually beneficial arrangements.
European Trade Question 9:
'Estado Da India' is popularly known as:
Answer (Detailed Solution Below)
European Trade Question 9 Detailed Solution
'Estado Da India' is popularly known as:Portuguese East India Company.Key Points
- The Estado da India was the name of the Portuguese colonial empire in India, which existed from 1505 to 1961.
- The Portuguese East India Company was a chartered company that was established in 1628 to trade with India and other parts of Asia.
- It was dissolved in 1633.
- The Estado da India was governed by a viceroy who was appointed by the Portuguese king.
- The viceroy had a council of advisors and a military force to maintain order and protect the Portuguese interests in India.
- The Portuguese also built a number of forts and trading posts in India, including the city of Goa, which was the capital of the Estado da India.
- The Portuguese were initially successful in their trading ventures in India, but they were eventually challenged by the Dutch and English East India Companies.
- In the 18th century, the Portuguese were forced to cede control of most of their possessions in India to the British.
-
The Estado da India was finally dissolved in 1961, when the Indian government annexed Goa and other Portuguese territories in India.
So based on the above discussion we can say that 'Estado Da India' is popularly known as:Portuguese East India Company.Additional Information
- Dutch East India Company:
- The Dutch East India Company was called the Vereenigde Oost-Indische Compagnie (VOC).
- It was founded in 1602 and was the first European company to establish a permanent presence in Asia.
- The VOC was a monopoly on trade with Asia and quickly became one of the most powerful companies in the world.
- It had a private fleet of over 200 ships and employed over 50,000 people.
- The VOC was responsible for the Dutch conquest of Indonesia and the establishment of the Dutch East Indies as a colony.
- The VOC was dissolved in 1799.
- English East India Company:
- The English East India Company was founded in 1600 and was the first European company to receive a royal charter to trade with Asia.
- The EIC was a monopoly on trade with India and quickly became one of the most powerful companies in the world.
- It had a private fleet of over 400 ships and employed over 200,000 people.
- The EIC was responsible for the British conquest of India and the establishment of the British Raj as a colony.
- The EIC was dissolved in 1858.
- French East India Company:
- The French East India Company was founded in 1664 and was the third European company to establish a permanent presence in Asia.
- The Compagnie Française des Indes Orientales (or the French East India Company) was a joint-stock company founded in France on 1 September 1664 to compete with the English (later British) and Dutch trading companies in the East Indies.
- Planned by Jean-Baptiste Colbert, it was chartered by King Louis XIV for the purpose of trading in the Eastern Hemisphere.
- It resulted from the fusion of three earlier companies, the 1660 Compagnie de Chine, the Compagnie d'Orient and Compagnie de Madagascar.
- The company was dissolved in 1794.
European Trade Question 10:
Regarding to the role of European Trading Companies which of the following statements are correct?
A. In 1605, the Dutch captured the Portuguese fort of Amboina
B. In 1606, Dutch obtained a Farman from the ruler of Golconda to set up a factory at Masulipatam.
C. The Dutch opened their factory at Surat in 1617.
D. English had already opened a factory at Surat in 1625.
E. The Dutch captured Malacca in 1639.
Choose the most appropriate answer from the options given below:
Answer (Detailed Solution Below)
European Trade Question 10 Detailed Solution
The correct answer is A, B and C only. Key Points
- Statement A:
- In 1605, the Dutch captured the Portuguese fort of Amboina.
- This statement is correct.
- The Dutch captured the Portuguese fort of Amboina in 1605, gaining control over the important spice trade in the region.
- Statement B:
- In 1606, the Dutch obtained a Farman from the ruler of Golconda to set up a factory at Masulipatam.
- This statement is correct.
- The Dutch did obtain a Farman (royal decree) from the ruler of Golconda in 1606, allowing them to establish a factory at Masulipatam (present-day Machilipatnam) on the Coromandel Coast of India.
- Statement C:
- The Dutch opened their factory at Surat in 1617.
- This statement is correct.
- The Dutch did open a factory at Surat, a prominent port city in Gujarat, India, in 1617.
- Statement D:
- English had already opened a factory at Surat in 1625.
- This statement is incorrect.
- While the English did establish a factory in Surat, it happened earlier than 1625.
- The English East India Company opened their factory in Surat in 1612.
- Statement E:
- The Dutch captured Malacca in 1639.
- This statement is incorrect.
- The Dutch did capture the city of Malacca, a strategic trading port in present-day Malaysia, but it happened later than 1639.
-
The Dutch captured Malacca from the Portuguese in 1641.
Hence we conclude that the correct answer is A, B and C only.
European Trade Question 11:
European Union (EU) organization has its own governing and decision making institutions. Which one of the following is not associated with the EU organization?
Answer (Detailed Solution Below)
European Trade Question 11 Detailed Solution
The correct answer is The European Legislative Council.
Key Points
The following are the governing and decision making institutions of the EU:
- European Parliament
- European Council
- Council of the European Union
- European Commission
- Court of Justice of the European Union (CJEU)
- European Central Bank (ECB)
- European Court of Auditors (ECA)
- European External Action Service (EEAS)
- European Economic and Social Committee (EESC)
- European Committee of the Regions (CoR)
- European Investment Bank (EIB)
- European Ombudsman
- European Data Protection Supervisor (EDPS)
- European Data Protection Board (EDPB)
- Interinstitutional bodies
- Court of Justice of the European Union
Important Points
- The European Union adopts legislation through a variety of legislative procedures.
- The procedure used for a given legislative proposal depends on the policy area in question.
- Most legislation needs to be proposed by the European Commission and approved by the Council of the European Union and European Parliament to become law.
- Therefore, there is no such body as the European legislative council.
- Rest all options are directly associated with the EU as mentioned above.
Therefore, the correct answer is option 3.
European Trade Question 12:
Which of the European theme was most popular among the Mughal artists?
Answer (Detailed Solution Below)
European Trade Question 12 Detailed Solution
The correct answer is 'Madonna dal Popola & Madonna and the child'
Key Points
- Madonna dal Popola & Madonna and the child:
- The depiction of Madonna and the child was a popular European theme embraced by Mughal artists. This theme represents the Virgin Mary holding baby Jesus and has deep religious significance in Christian art.
- Mughal artists were exposed to European art through Jesuit missionaries and European travelers who brought with them prints and paintings of religious themes.
- The Mughal emperors, particularly Akbar, were known for their curiosity and appreciation for different cultures and artistic styles, which led to the incorporation of European themes into Mughal art.
- This synthesis of European and Mughal styles resulted in unique artworks that combined Indian and European elements.
Additional Information
- Angels:
- While angels were also depicted in Mughal art, they were not as popular as the Madonna and the child theme. Angels often appeared in religious and mythological contexts within Mughal paintings.
- Adam:
- Adam, as a biblical figure, was less frequently depicted in Mughal art compared to the Madonna and the child. The focus on individual biblical figures like Adam was not as prominent.
- Renunciation:
- Renunciation is a theme more commonly associated with Indian religious and philosophical traditions, particularly in the context of Hinduism and Buddhism. It did not have the same level of popularity as the European themes brought in by the Jesuits.
European Trade Question 13:
Who made 'Caravel', a light and fast moving ship?
Answer (Detailed Solution Below)
European Trade Question 13 Detailed Solution
The correct answer is - Portuguese
Key Points
- Caravel Ship
- The caravel was a small, highly maneuverable sailing ship developed in the 15th century by the Portuguese.
- It was used during the Age of Discovery for long voyages of exploration along the West African coast and into the Atlantic Ocean.
- The design of the caravel included lateen sails that allowed it to sail windward more effectively than previous ships.
- The caravel could carry large cargoes and was instrumental in the discovery of new sea routes.
Additional Information
- Greeks
- The Greeks were known for their triremes, a type of galley used in ancient naval warfare.
- Triremes were fast and agile but not designed for long voyages of exploration like the caravel.
- Dutch
- The Dutch developed ships such as the fluyt in the 16th and 17th centuries, which were used for trade.
- The fluyt was efficient for carrying cargo but was not the same as the caravel.
- Japanese
- The Japanese had their own types of ships, such as the kobaya and atakebune, used during the Sengoku period.
- These ships were used for coastal defense and warfare rather than long voyages of exploration.