HISTORY
ACT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Allowed the Company’s monopoly of tea trade and trade with China
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Put an end to the Company’s tea trade and trade with China
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Has not interfered with Company’s tea trade and trade with China
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Allowed the Company’s monopoly of tea trade and trade with China for ten years
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Detailed explanation-1: -It provided that the company’s territories in India were held by it ‘in trust for His Majesty, His heirs and successors. It ended the Company’s monopoly over trade with China and in tea. Hence, statement 1 is correct.
Detailed explanation-2: -Due to the enactment of the Charter Acts of 1813 and 1833, the monopoly of trade of the company with India was abolished except for the trade of tea. Anyone from Britain could have a trade relation with India. Also, the company had to shut down all its operations in India due to the Charter Act of 1833.
Detailed explanation-3: -Significance of the Act It elevated the Governor General of Bengal as Governor General of India and consolidated and centralized the administration of India. It made the East India Company a trustee of the crown in the field of administration. The Act provided to freely admit Indians into administration in the country.
Detailed explanation-4: -In 1833 the Government passed a Factory Act to improve conditions for children working in factories. Young children were working very long hours in workplaces where conditions were often terrible. The basic act was as follows: no child workers under nine years of age.