Question

Q. According to the Charter Act of 1813, which of the following statements is/are incorrect?

Select the correct code from the options given below:

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

Answer 1

The correct option is B 2 only

Explanation:

• Statement 1 is correct. According to the act, The East India Company was to retain the possession of territories & the revenue for 20 years more, without prejudice to the sovereignty of the Crown. (Thus, the constitutional position of the British territories in India was defined explicitly for the first time.)
• Statement 2 is incorrect. The company’s monopoly over Indian trade terminated except for the tea trade & the trade with China