Which among the following is / are correct statements with respect to the French East India Company? 
1. It was a private concern 
2. It was chartered by King Louis XIV
3. It was abolished immediately after French Revolution
Select the correct option from the codes given below: 

Answer: [D] Only 2

The first statement is not correct because the French East India Company was government backed concern while the English East India Company was a private concern. The second statement is correct. Third statement is not correct because French East India Company was abolished in 1769, two decades earlier than the French Revolution. 

This question is a part of GKToday's Integrated IAS General Studies Module