HISTORY
MODERN INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Charter Act of 1793 Renewed the Company’s monopoly for____ years.
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20 years
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10 years
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30 years
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15 years
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Explanation:
Detailed explanation-1: -By the Charter Act of 1793, the Company’s commercial privileges were extended for a further period of twenty years. Salaries for the staff and paid members of the Board of Control were also now charged to the Company.
Detailed explanation-2: -Charter act of 1813 ended the monopoly of the East India Company in India, the company’s monopoly in trade with china and trade in tea with India was kept intact. The company’s rule was extended to another 20 years.
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