Which of the following were the consequences of the Charter Act of 1833 1 Company rsquo s mono...........

Ancient and Medival History Later Mughals and Advent of Europeans

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Which of the following were the consequences of the Charter Act of 1833?

1. Company’s monopoly of tea trade with China was abolished.

2. The Indian possessions of the company were to be held in the trust of the crown.

3. Monopoly of trade with India ended.

4. The president of the Board of control became the minister of the Indian affairs.

Select the correct answer using the codes given below:

1, 2 and 3 only

2, 3 and 4 only

1, 3 and 4 only

1, 2 and 4 only

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Explanation:

3rd statement is incorrect regarding Charter Act of 1833 i.e. after this act monopoly of trade with India ended.
Charter Act 1833 or the Saint Helena Act 1833 or Government of India Act 1833 was passed by the British Parliament to renew the charter of East India Company which was last renewed in 1813. Via this act, the charter was renewed for 20 years but the East India Company was deprived of its commercial privileges which it enjoyed so far.