The correct option is A One lakh
Charter Act of 1813 was an act that continued the British East India Company’s rule in India by the Parliament of Britain. There was a provision that Company should invest Rs. 1 Lakh every year on the education of Indians. The State system of education began with the Charter Act. It created an era of controversies with regard to the content of education, the aim of education, the medium of education and the agency of education.