Consider the following statements about the Charter Act of 1833 1 It brought the company rsquo s mon...........

Indian Polity Evolution of Constitution

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Consider the following statements about the Charter Act of 1833:

1.It brought the company’s monopoly of tea trade to an end.

2.The debts of the East India Company were to be handled by itself.

3.The Government of India came under the strict control of the British Parliament.

Which of the statements given above is/are correct?

1 only

2 and 3 only

2 only

1, 2 and 3

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Explanation:

1 only

The Charter Act of 1833 indeed brought the company’s monopoly of tea trade to an end.

The act did not specifically address the handling of the debts of the East India Company.

While the Charter Act of 1833 did make significant changes in the governance of India, it did not bring the Government of India under the strict control of the British Parliament. The act maintained a distinction between the political and commercial functions of the East India Company. The Government of India continued to be administered by the Company's servants, and the control was not as direct as it would later become under subsequent acts