Explanation: The historical event in question involves the transfer of the island of Bombay from Charles II, the King of England, to the East India Company. This transfer took place in 1668, and it is a significant event in the history of British colonialism in India.
Charles II, who ruled from 1660 to 1685, was known for his various political and economic transactions. One such transaction was the lease of the island of Bombay to the East India Company. The lease was part of a larger political and economic strategy to strengthen the British presence in India and to provide the East India Company with a strategic port.
The lease was made for an annual rent of ten pounds, which was a nominal amount compared to the strategic and economic value of the island. The East India Company, established in 1600, was a major player in British colonial expansion and trade. By acquiring Bombay, the company gained a crucial foothold in the western coast of India, which was important for trade and military operations.
The transfer of Bombay to the East India Company in 1668 marked the beginning of the company's control over the island, which would later become a major city and a significant center of trade and commerce. The lease was a pivotal moment in the history of Bombay and the broader context of British colonialism in India.
It is important to note that the date 1668 is a well-established historical fact and is widely accepted in historical records. The other dates mentioned in the options (1670) are not correct in this context. Therefore, the correct answer is 1668, as it accurately reflects the historical event.
Understanding the historical context of such events is crucial for comprehending the broader narrative of British colonialism in India and the role of the East India Company in shaping the political and economic landscape of the region. This event is often discussed in the context of British colonial history and is a significant topic in various competitive examinations that cover Indian history and general knowledge.