Consider the following statements about ‘the Charter Act of 1813’: 1. It ended the trade monopoly of the East India Company in India except for trade in tea and trade with China. 2. It asserted the sovereignty of the British Crown over the Indian territories held by the Company. 3. The revenues of India were now controlled by the British Parliament. Which of the statements given above are correct?

QUESTION

Medium

Modern History

Prelims 2019

Consider the following statements about ‘the Charter Act of 1813’:

It ended the trade monopoly of the East India Company in India except for trade in tea and trade with China.
It asserted the sovereignty of the British Crown over the Indian territories held by the Company.
The revenues of India were now controlled by the British Parliament.

Which of the statements given above are correct?

Select an option to attempt

Explanation

The Charter Act of 1813 was a significant legislation:

Company’s rule and trade monopoly in India was extended to another 20 years. Monopoly was ended except for the trade in tea and with China.
This asserted the Crown’s sovereignty over British India by defining the constitutional position of the British in India.
This act also empowered the local governments to impose taxes on the persons subject to the jurisdiction of the Supreme Court.
The European British subjects were also strengthened in India over the power of the provincial governments and courts.
Financial provision was made to encourage a revival in Indian literature and for the promotion of science.
This act also envisages that missionaries can go and spread the Christianity in India.