Question

Q. Which of the following statements is/are correct about ‘the Charter Act 1813’-

Choose the correct answer using the codes given below:

• A. 3 only
• B. 2 and 3 only
• C. 1 and 2 only
• D. 1,2 and 3

Answer 1

The correct option is A 3 only

Explanation:

• Statement 1 is incorrect: The Company was to retain the possession of territories & the revenue for 20 years more, without prejudice to the sovereignty of the Crown.
• Statement 2 is incorrect: It allowed the company to retain its monopoly in relation to trade in Tea and with China.
• Statement 3 is correct: Company was required to set aside Rs. one lac for the education of Indians.