Consider the following statements about 'the Charter Act of 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.

Which of the statements given above are correct?

1 and 2 only

2 and 3 only

1 and 3 only

1, 2 and 3

APEDIA

UPSC Prelims

2019 • 02 Jun, 2019 • Paper-1

Consider the following statements about 'the Charter Act of 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.

Which of the statements given above are correct?

Correct Answer

1 and 2 only

Statement 1 Analysis: This is correct. The Charter Act of 1813 abolished the East India Company's monopoly over trade in India, allowing all British merchants t......

💡 Analysis & Explanation

Statement 1 Analysis ▼

This is correct. The Charter Act of 1813 abolished the East India Company's monopoly over trade in India, allowing all British merchants to trade, but retained the Company's monopoly on the tea trade and trade with China.

Statement 2 Analysis ▼

This is correct. The Act explicitly defined and asserted the constitutional position of the British Crown's sovereignty over the territories acquired by the Company in India.

Statement 3 Analysis ▼

This is incorrect. The revenues of India were not strictly controlled by the British Parliament until the Government of India Act 1858, which transferred administrative and financial powers directly to the Crown.

Conclusion ▼

Statements 1 and 2 are true, making option A the correct answer.

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