HISTORY
ACT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Indian Merchants
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The English Merchants in India
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Princely States
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The Parliament of Britain
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Detailed explanation-1: -Pitt’s India Act, was an Act of the Parliament of Great Britain intended to address the shortcomings of the Regulating Act of 1773. It made the company directly subordinate to the British Par; iament. The East India Company’s political functions were separated from its commercial functions.
Detailed explanation-2: -Pitt’s India Act (1784), named for the British prime minister William Pitt the Younger, established the dual system of control by the British government and the East India Company, by which the company retained control of commerce and day-to-day administration but important political matters were reserved…
Detailed explanation-3: -The Regulating Act of 1773 (formally, the East India Company Act 1772) was an Act of the Parliament of Great Britain intended to overhaul the management of the East India Company’s rule in India. It marked the first step towards parliamentary control over the Company and centralised administration in India.
Detailed explanation-4: -Important differences between regulating act 1773 and Pitts India act. This act was mainly introduced for ensuring a strong control over Indian territory. Pitt’s India Act was introduced to overcome the defects of the regulating act. This act was introduced to save the East India Company from a financial crisis.