HISTORY
ACT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Monopoly of the East India Company to trade with China was abolished by the Charter Act of
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1793
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1813
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1833
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1853
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Explanation:
Detailed explanation-1: -The 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 was remained intact.
Detailed explanation-2: -In 1833, the jealously-protected monopoly of the East India Company was finally abolished and the China trade was opened.
Detailed explanation-3: -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. The company’s commercial activities were closed down.
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