Question
GSMediumPrelims 2019Modern History

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?

Explanation

Statement 1 is Correct: The Charter Act of 1813 abolished the trade monopoly of the East India Company in India, opening Indian trade to all British merchants. However, the Company's monopoly over trade in tea and trade with China was continued for another 20 years.

Statement 2 is Correct: The Act explicitly asserted the sovereignty of the British Crown over the Indian territories held by the Company, marking a significant step in defining the constitutional position of British possessions in India.

Statement 3 is Incorrect: While the Act of 1813 required the Company to maintain separate accounts for commercial and territorial revenues, the direct control of Indian revenues by the British Parliament was only established through the Government of India Act 1858, following the end of the Company's rule.

More questions fromModern History

See All Answers

Trusted by 2L aspirants

Practice UPSC Prelims PYQs Smarter

Practice Now
  • Track accuracy & weak areas
  • See past trends & repeated themes
Start Practicing Now

PYQs by Papers

Most repeated Topics from Modern History in Last 5 years

Repeated Topics
Questions in Last 5 Years
Legal Developments4 (18%)
Towards Quit India Movement3 (14%)
Evaluation of British Policies in India3 (14%)
Towards Freedom and Partition3 (14%)
Non-Cooperation and Khilafat Movements3 (14%)

Crack UPSC with your
Personal AI Mentor

An AI-powered ecosystem to learn, practice, and evaluate with discipline

SuperKalam
SuperKalam is your personal mentor for UPSC preparation, guiding you at every step of the exam journey.

Download the App

Get it on Google PlayDownload on the App Store
Follow us

ⓒ Snapstack Technologies Private Limited