GyanGramConsider the following statements about ‘the Charter Act of 1813’: 1. It ended the trade monopoly of the East…
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Consider the following statements about ‘the Charter Act of 1813’:
1. It ended the trade monopoly of the East India Company in India except for trade in tea and trade with China.
2. It asserted the sovereignty of the British Crown over the Indian territories held by the Company.
3. The revenues of India were now controlled by the British Parliament.
Which of the statements given above are correct?
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• Correct Answer: A
• Charter Act 1813 ended EIC's trade monopoly in India except tea and China trade.
• It asserted Crown sovereignty over Company territories for the first time; Parliament did not take direct revenue control until later.
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