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Multiple Choice Questions

By which act The company lost its Monopoly of China trade and it was also asked to close its commerc...........

Indian Political System(PCS) Evolution and Features of Constitution

By which act The company lost its Monopoly of China trade and it was also asked to close its commercial business as early as possible—

The charter act of 1813

The charter act of 1833

Regulating act

Pitts India act

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Explanation:

The Charter Act of 1833 was passed in the British Parliament which renewed the East India Company’s charter for another 20 years. This was also called the Government of India Act 1833 or the Saint Helena Act 1833.
Main Feature of the act--
The company’s commercial activities were closed down. It was made into an administrative body for British Indian possessions.
The company’s trade links with China were also closed down.
This act permitted the English to settle freely in India.
The company still possessed the Indian territories but it was held ‘in trust for his majesty’.

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