By which among the following Acts, the East India Company lost its monopoly of trade with China ?

Correct option is A

The correct answer is (a) The Charter Act of 1813

Explanation:

The Charter Act of 1813 marked the end of the East India Company's monopoly over trade with China. While the East India Company was still given the exclusive rights to trade with certain regions, the Act allowed private traders to engage in trade with China and other regions. This was an important shift in British trade policies as it opened the door for private British merchants to profit from the lucrative Chinese trade, especially in tea and silk.

Information Booster:

•  The Charter Act of 1813 allowed private merchants to trade with China and other territories, thereby breaking the monopoly of the East India Company on the China trade.
•  This Act also renewed the East India Company's charter for another 20 years but limited its commercial activities to India and China.
•  The monopoly of the Company was gradually reduced in the following years, with further commercial freedom being granted to private traders.
•  The act paved the way for the increase in British trade with China, especially in opium, tea, and silk.
•  The Act also allocated a sum for the promotion of education in India, though trade policies were one of its primary focuses.

Additional Information:

•  The Charter Act of 1833 focused on regulating the administrative aspects of the British governance in India and made some provisions for trade but did not specifically impact the monopoly on China.
•  The Pitts India Act of 1784 aimed to regulate the administration of the East India Company but did not affect its trade monopoly with China.
•  The Charter Act of 1853 focused mainly on the structure of the government and the administration of the East India Company rather than trade monopolies.