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Question

The Company's monopoly of Trade was abolished by the Act of __________.

A
1793
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B
1813
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C
1833
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D
Pitt's India Act
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Solution

The correct option is B 1813
By the Act of 1813, The Company's monopoly of Trade was abolished. The Charter act of 1813 ended the monopoly of the East India Company in India, however the company's monopoly in trade with china and trade in tea was remained intact.

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