Consider the following statements about ‘the Charter Act of 1813’: I. It ended the trade monopoly of the East India Company in India except for trade in tea and trade with China. II. It asserted the sovereignty of the British Crown over the Indian territories held by the Company III. The revenues of India were now controlled by the British Parliament. Which of the statements given above are correct?

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CollectorBabu · Accepted Answer

Correct Answer: 1 and 2 only. Only statement 1 and 2 are correct. The ‘Charter Act of 1813’ ended trade monopoly of East India Company in India except for trade in tea and trade with China. Also, it asserted the sovereignty of British crown over Indian territories held by the company. The revenues of India were controlled by the British parliament through Pitts India Act 1784.

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