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Question

Consider the following statement 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?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3

Answer:

A

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Explanation:

Statement 1 is correct. The Charter Act of 1813 ended the trade monopoly of the East India Company in India, except for trade in tea and trade with China. This opened up Indian trade to other British subjects.

Statement 2 is correct. The Charter Act of 1813 asserted the sovereignty of the British Crown over the Indian territories held by the company. This means that the British Crown assumed direct control and authority over the territories previously governed by the East India Company.

Statement 3 is incorrect. The Charter Act of 1813 did not explicitly mention the control of Indian revenues by the British Parliament. The act did, however, introduce some financial reforms, such as the allocation of funds for the promotion of education and the improvement of Indian society.

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