Consider the following statements with reference to the Regulating Act of 1773 1 It introduced parli...........

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Consider the following statements with reference to the Regulating Act of 1773:

1.It introduced parliamentary intervention in the East India Company’s affair.

2.A new post of Governor of Bengal was created.

3.The act prevented the Governor-General from receiving directly or indirectly any gifts in kind or cash.

Which of the statements given above is/are correct?

1 only

2 and 3 only

1 and 3 only

1, 2 and 3

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Explanation:

1 and 3 only

The statement is correct. The Regulating Act of 1773 was the first parliamentary attempt to regulate the affairs of the East India Company. It introduced parliamentary intervention by creating a regulatory framework for the company's governance in India.

The statement is incorrect. The Regulating Act of 1773 did not create the post of Governor of Bengal. Instead, it established the office of the Governor-General of Bengal, with Warren Hastings becoming the first Governor-General.

The statement is correct. The act included provisions to prevent the Governor-General and other high-ranking officials from receiving gifts directly or indirectly. This was aimed at reducing corruption and ensuring impartial governance.

Therefore, option 3 is the correct answer.