Consider the following statements -
1. French East India Company In the middle of the seventeenth century Louis XIV's finance minister Colbert formed a French East India Company named Compagnie des Indes Orientales in 1664.
2. Louis XIV provided the Company with an interest-free loan of 3 million livre.
3. After initial attempts made to colonise Madagascar had proved a failure, the Company undertook a fresh expedition in 1667 under the command of Francis Caron accompanied by Marcara, a native of Ispahan reached India and set up the first French factory at Surat in 1668.
4. The second factory was set up at Masulipatnam in 1669. A factory was also developed at Chandernagar (Bengal) between 1690 and 1692.
5. Two major French trading posts in India were Pondicherry, established in 1674 by Francis martin, and Chandernagar.
Select the correct answer using the codes given below.
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