Correct option is D
Under the Charter Act of 1813, the East India Company's dividend was fixed at 10.5 percent per annum. This Act marked a significant change in the governance and regulation of the East India Company and allowed for the renewal of the Company's monopoly over trade with India for another 20 years.
The Charter Act of 1813 was significant in extending the East India Company's control over India while also allowing for the development of certain industries in India.
The dividend was fixed at 10.5 percent despite the fact that the Company was no longer involved in direct trade with India (as per the Act), which marked a shift towards its role in administration.
- The East India Company had enjoyed a monopoly over trade with India, which was slowly diminished over time by other acts like the Charter Act of 1833 and 1858, which led to the transfer of power to the British Crown.
The dividend of the East India Company was a percentage of its profits paid to the shareholders.
English
150 Questions
150 Marks
180 Mins
