Charter Act of 1813: Ending Company Trade Monopoly
The question asks to identify the Act that terminated the East India Company's trade monopoly in India, allowing other British subjects access to trade, with the exception of the tea trade.
Analysis of the Acts:
- Regulating Act, 1773: Primarily focused on the political and administrative functions of the Company, not ending its trade monopoly.
- Charter Act of 1813: This Act is significant because it explicitly ended the East India Company's commercial monopoly over trade with India. However, it preserved the Company's monopoly on the tea trade and trade with China. It opened the remaining Indian territories to traders and missionaries from Britain.
- Indian Council Act, 1861: This Act focused on legislative reforms, introducing Indian members into the Governor-General's Council, but did not concern trade monopolies.
- Government of India Act, 1935: This Act established provincial autonomy and a federal structure, long after the Company's trade monopolies had ended.
Conclusion:
Based on the historical context, the Charter Act of 1813 is the legislation that ended the Company's trade monopoly in India for most goods, opening it to all British subjects, while retaining the monopoly on tea.
Similar Questions
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- In which city of India did the East India Company set up their first trading center?
- In which year did the British achieve political power in India?
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- Which of the following acts in India was based on report of a committee headed by the British Prime Minister Lord North?
- Subsidiary Alliance, through which the British were responsible for protecting their Indian allies from external and internal threats to their power, was devised by:
- Under which Viceroy was the Permanent Settlement of Bengal in 1873 introduced?
- The revenue system introduced in ________ came to be known as the 'Ryotwari settlement'.
- When did British enact the Inland Emigration Act?
Important Questions from India under East India Company’s Rule
Which Act was formulated to end the trade monopoly of the East India Company in India?
Subsidiary alliance was a system devised by Lord Wellesley in 1798. All those who entered into such an alliance with the British had to accept certain terms and conditions.
1. The British would be responsible for protecting their ally from external and internal threats to their power.
2. In the territory of the ally a British armed contingent would be stationed and ally would provide resources for their maintenance.
3. The ally would enter into agreements, with other rulers or engage in warfare only with the permission of the British.
4. Ally may walk away with the alliance anytime at the disagreement.
Choose the correct answer from the options given below:- Match List I with List II.Choose the correct answer from the options given below :
LIST I LIST II A. Setting up Supreme Court at Calcutta by East India Company I. 1793 B. Cornwalis code enacted II. 1774 C. Railway line between Bombay and Thane III. 1881 D. Madras Harbour IV. 1853 - Which of the following is NOT a characteristic of the Permanent Settlement?
- Which of the following is / are characteristic(s) of the Ryotwari system?
1. It was the brainchild of Thomas Munro
2. It was meant to reduce intermediaries
3. Cultivating peasants were gradually impoverished by the system
4. It was introduced in parts of Madras and Bengal Presidency
Select the correct answer using the code given below :
