Question

Consider the following statements:
1. The Charter Act 1853 abolished East India Companys monopoly of Indian trade.
2. Under the Government of India Act, 1858, the British Parliament abolished the East India company altogether and undertook the responsibility of ruling India directly.
Which of the above statement(s) is/are correct?

• A. Only 1
• B. Only 2
• C. Both 1 and 2
• D. None of the above

Answer 1

The correct option is B Only 2

The Monopoly trading rights of East India Company was abolished by the Charter of 1813.