Multiple choice

The monopoly of Indian trade of the East Indian Company was abolished by the

  1. Regulating Act, 1773

  2. Charter Act, 1813

  3. Charter Act, 1853

  4. Government of India Act, 1853
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Charter Act of 1813 ended the East India Company's commercial monopoly (except in tea and trade with China) and opened India to British merchants. This Act also allocated Rs. 1 lakh annually for education and introduced the first elements of Christian missionary activity. The Regulating Act (1773) was earlier, while Charter Act 1853 introduced civil services.

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