Consider the following statements about lsquo the Charter Act of 1813 rsquo 1 It ended the trade mon...........

Indian Freedon Struggle (CDS) Developments

Download Solution PDF

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.?

1 and 2 only?

2 and 3 only?

1 and 3 only?

1, 2 and 3

छोटे Courses बड़े Results

Master Developments

Prepare through Micro-courses

Try Now

Explanation:

Statement 1 is correct.?The Charter Act of 1813 ended the monopoly of the East India Company over trade with India,?except for trade in tea and trade with China. The Company retained the trade with China and the trade in tea.? The Charter Act of 1833 abolished the Company’s monopoly of the China trade.?
Statement 2 is correct.?The Charter Act, 1813 asserted the sovereignty of the British Crown over the Indian territories held by the Company.?The Company was to retain the possession of territories and the revenue for 20 years more, without prejudice to the sovereignty of the Crown.??
Statement 3 is incorrect. The Act provides that the Company was to retain the possession of the revenue for 20 years more.?
The Act also deprived the presidencies of the power to make laws, concentrating legislative power with the Governor-General and his council.? It also provides for a sum of one lakh rupees to be set aside for the revival, promotion and encouragement of literature, learning and science among the natives of India, every year.?