Correct option is B
The correct answer is :(b) Charter Act of 1813:
Explanation:
The Charter Act of 1813 ended the trade monopoly of the East India Company in India, except for the trade of tea and trade with China. The Act allowed all British subjects to trade freely
The Charter Act of 1813 ended the trade monopoly of the East India Company in India, except for the trade of tea and trade with China. The Act allowed all British subjects to trade freely
with India, thus promoting commercial activity by enabling British merchants to engage in trade within the Indian subcontinent. The East India Company's monopoly was limited to its administrative and military functions.
Information Booster:
- The Act also allowed for the establishment of private enterprises in India, thus encouraging foreign investments.
- The Act allocated Rs. 1 million for education and laid the foundation for later educational reforms in India.
- The Act extended the Company’s charter for another 20 years, after which the Company’s trade monopoly ended.
- The Act paved the way for more direct British involvement in the administration of India, leading to significant changes in governance.
Additional Information:
- Regulating Act, 1773 – The first step towards reforming the East India Company and establishing British control over its administration. It laid the foundation for British governance in India.
- Indian Council Act, 1861 – It expanded the legislative powers of the Governor-General and marked the beginning of Indian participation in legislative processes.
- Government of India Act, 1935 – It provided for a federal structure in India and introduced major reforms in governance.
English
100 Questions
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