Charter Act 1813 British India
Question
Consider the following statements about 'the Charter Act of 1813':
Which of the statements given above are correct?
- 1.
It ended the trade monopoly of the East India Company in India except for trade in tea and trade with China.
- 2.
It asserted the sovereignty of the British Crown over the Indian territories held by the Company.
- 3.
The revenues of India were now controlled by the British Parliament.
Options
1 and 2 only
2 and 3 only
1 and 3 only
1, 2 and 3
Explanation
All three statements are correct. Statement 1: The Charter Act of 1813 ended the East India Company's trade monopoly in India, though it retained monopoly in tea trade and trade with China until 1833. Statement 2: The Act explicitly asserted the sovereignty of the British Crown over Indian territories, reducing the Company to an administrative body. Statement 3: The Act brought Indian revenues under the control and oversight of the British Parliament, making India's finances a matter of parliamentary accountability. These provisions marked a significant shift from Company rule toward Crown control. > 1813 Act: ended monopoly (except tea/China), asserted Crown sovereignty, Parliament controlled revenues. Answer: d.
Question details
Year
2019
Paper
GS Paper 1
Question
Q4
Subject
History
Sub-topic
British Colonial Administration
Type
Statement-based
Difficulty
Medium
Nature
Static
Source hint
NCERT History - British India
See all questions on British Colonial Administration
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