Correct Answer:
Option B - In 1600, a group of London merchants led by Sir Thomas Smythe petitioned Queen Elizabeth I to grant them a royal charter to trade with the countries of the east, and so, the Governor and company of Merchants of London trading into the East Indies or East India Company came into existence. At the same time, as Queen Elizabeth I was signing the royal charter for East India Company, the Mughal emperor Akbar (1556 to 1605) was the ruler of India.
B. In 1600, a group of London merchants led by Sir Thomas Smythe petitioned Queen Elizabeth I to grant them a royal charter to trade with the countries of the east, and so, the Governor and company of Merchants of London trading into the East Indies or East India Company came into existence. At the same time, as Queen Elizabeth I was signing the royal charter for East India Company, the Mughal emperor Akbar (1556 to 1605) was the ruler of India.