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.

• It separated, for the first time, the legislative and executive functions of the Governor General’s council. It provided for addition of six new members called legislative councillors to the council.

Enhanced Power of Governor General of India

• Charter Act of 1833 distinctly spelt out the powers of the Governor-General-in-Council. He could repeal, amend or alter any laws or regulations including all persons (whether British or native or foreigners),all places and things in every part of British territory in India, for all servants of the company, and articles of war. However, the Court of Directors acting under the Board of control could veto any laws made by the Governor-General-in-Council.
• Charter act of 1813 ended the monopoly of the East India Company in India, however the company’s monopoly in trade with china and trade in tea with India was kept intact. Thus, trade with India for all commodities except Tea was thrown open to all British subjects. This lasted till 1833 when the next charter abolished the trade of the company.

India’s first law commission was set up under Charter act of 1833 and Lord Macaulay was made its Chairman.

• This act for the first time made provision to freely admit Indians into administration in the country. Indians could enter into the civil service but the process was still very difficult. 

Hence option 3rd is incorrect.