Consider the following statements about Regulating Act of 1773 1 It formally recognized parliamentar...........

Indian Political System Evolution and Features of Constitution

Consider the following statements about Regulating Act of 1773

1.It formally recognized parliamentary right to control Indian affairs.

2.The presidencies of Madras and Bombay were now completely subordinated to the Governor General.

3.It ended the company’s monopoly over trade in India.

How many of the statements given above are correct?

Only One

Only Two

All Three

None

Correct: It formally recognized the British Parliament's right to control Indian affairs.
Correct: The presidencies of Madras and Bombay were subordinated to the Governor General of Bengal.
Incorrect: It did not end the East India Company's monopoly over trade in India.