Consider the following statements in respect of the Charter Act, 1813: 1. It ended the trade monopoly of the…

Consider the following statements in respect of the Charter Act, 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. How many of the statements given above are correct?
  1. Only one
  2. Only two
  3. All three
  4. None

Solution

Per the official UPSC key, the answer is D (none).

Asked in: UPSC Prelims 2023

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