Correct option is B
The correct answer is (B) 1773
- The Regulating Act was introduced by the British Parliament in 1773 to oversee and manage the administration of the East India Company, particularly in Bengal.
- It aimed to address issues caused by the Company's mismanagement, which had led to financial instability and required government intervention.
Information booster:
Regulating Act
- The Act allowed the East India Company to keep its territorial possessions in India but brought its activities under regulation. It did not completely take over power, which is why it is called the "Regulating" Act.
- A Governor-General position was created for Bengal, supported by a council of four members, collectively known as the Governor-General in Council.
- Warren Hastings became the first Governor-General of Bengal under this Act.
- The Act also established a Supreme Court in Fort William, Calcutta, to handle legal matters. Sir Elijah Impey was appointed as the first Chief Justice.