GENERAL KNOWLEDGE

GK

INDIAN HISTORY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
English East India Company lost the monopoly of Chinese trade by
A
The Charter Act of 1813
B
The Charter Act of 1833
C
The Charter Act of 1853
D
The Charter Act of 1893
Explanation: 

Detailed explanation-1: -In charter Act of 1813 itself East India Lost its monopoly of Indian trade while in 1833 the Act ended activities of company as a commercial body which became a purely administrative body. In 1858, the power to administer India was transferred to British crown and the Act of 1858 abolished the company altogether.

Detailed explanation-2: -The Company lost all its administrative powers following the Government of India Act of 1858, and its Indian possessions and armed forces were taken over by the Crown.

Detailed explanation-3: -In 1600, Queen Elizabeth granted the charter to the governor which basically granted the company to directly trade with the countries of east.

There is 1 question to complete.