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?
Show answer
Answer: A. Statement 1 is correct: the Charter Act of 1813 ended the Company's trade monopoly in India but kept its monopoly on tea and on trade with China. Statement 2 is correct: it clearly asserted the Crown's sovereignty over the Company's Indian territories. Statement 3 is wrong: Indian revenues stayed with the Company, not under direct parliamentary control. So 1 and 2 only.
Watch for: Statement 3 sounds like a natural next step of Crown control, but direct control came only with the 1858 Act.
Why the other options are wrong
- B. Wrong because Indian revenues were not placed under the British Parliament's control.
- C. Wrong because statement 3 is false and statement 2 is true.
- D. Wrong because statement 3 is false.
Source to check: Spectrum 'A Brief History of Modern India' (Rajiv Ahir), chapter on Constitutional, Administrative and Judicial Developments; Charter Act of 1813 text
Answer from the official UPSC key. Written and fact-checked by AI against the official key. Spotted a mistake? Report it.