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
- Fort William was built by the East India Company. The village of ______ was cleared as a site for the fort.
- Which of the following methods did Holt Mackenzie develop for collecting revenue in India?
- Name the Governor-General under whom a new policy of 'paramountcy' was initiated.
- Which battle laid the foundation of British colonialism in India?
- Who was the Nawab of Bengal during the Battle of Plassey?
- Who among the following Mughal rulers of India gave permission to the British to establish their first factory in Surat?
- In which year was the East India Company granted ‘Diwani rights’ (right to collect revenues and decide civil cases of Bengal, Bihar and Orissa) by Mughals?
- 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:
- The revenue system introduced in ________ came to be known as the 'Ryotwari settlement'.
Important Questions from India under East India Company’s Rule
Which one of the following areas was acquired by the British under the Treaty of Deogaon, 1803?
What was the consequence of Permanent Settlement on rural society in Bengal?
Which of the following statements about the Law Commission headed by Lord Macaulay is/are correct ?
1. It attempted to codify the laws.
2. It was opposed to uniform system of Courts.
Select the correct answer using the code given below :
Which of the following statements are correct
1. British 'trade surplus' with India in the nineteenth century meant that the value of British exports to India was much higher than the value of British imports from India.
2. India played a crucial role in the late-nineteenth-century world economy by helping Britain balance its deficits.
3. Britain grew opium in India and exported it to China and, therefore, for a while after the 1820 s, opium became India's single largest export.
4. The nineteenth century saw export of Indian raw materials decline, and that of manufactured goods increase.
Select the answer using the code given below:
Which one of the following wasnota feature of the Subsidiary Alliance of Lord Wellesley?
