Multiple choice What was the BEIC intended to be? A buisiness that created a new silk road A buisiness that held a monopoly on India and its goods. The name for Britian's government of India ruled by the crown The Portuguese expedition to explore southeast Asia Reveal answer Fill a bubble to check yourself B Correct answer Explanation The British East India Company (BEIC) was a joint-stock company established to trade in the Indian Ocean region. It eventually gained a monopoly over trade in India and acted as a colonial power.