Question

The Charter Act of $1793$ renewed the Company's monopoly for ___________ years.

• A. $20$ years
• B. $10$ years
• C. $30$ years
• D. $15$ years

Answer 1

Answer: (A)

$20$ years

By the Charter Act of 1793, the Company’s commercial privi­leges were extended for a further period of twenty years. Salaries for the staff and paid members of the Board of Control were also now charged to the Company. Greater emphasis on the power of the Governor-General over the other two Presidencies, Bombay and Madras, was given in the Charter Act of 1793.