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Q81 (CDS-I/2002) History & Culture › Modern India (Pre-1857) › Charter Acts and councils Answer Verified

With reference to the colonial period of India, the trade monopoly of the East India Company was ended by

Result
Your answer: —  Â·  Correct: C
Explanation

The trade monopoly of the East India Company in India was ended by the Charter Act of 1813 [2]. This act threw open the Indian trade to all British subjects, effectively ending the Company's exclusive commercial privileges in the region [2][t3]. However, the Company managed to retain its monopoly over the trade with China and the trade in tea [1][t1]. These remaining monopolies were later abolished by the Charter Act of 1833, which converted the Company into a purely administrative body [3]. The 1813 Act was a significant step towards free trade, driven by the growing influence of British manufacturing interests and the economic pressures of the Napoleonic Wars [t4]. While the Regulating Act of 1773 and Pitt's India Act of 1784 focused on administrative and political control, it was the 1813 legislation that specifically targeted the commercial monopoly in India [c2].

Sources

  1. [1] Rajiv Ahir. A Brief History of Modern India (2019 ed.). SPECTRUM. > Chapter 26: Constitutional, Administrative and Judicial Developments > The Charter Act of 1813 > p. 505
  2. [2] Modern India ,Bipin Chandra, History class XII (NCERT 1982 ed.)[Old NCERT] > Chapter 5: The Structure of the Government and the Economic Policies of the British Empire in India, 1757—1857 > The Structure of Government > p. 91
  3. [3] Modern India ,Bipin Chandra, History class XII (NCERT 1982 ed.)[Old NCERT] > Chapter 5: The Structure of the Government and the Economic Policies of the British Empire in India, 1757—1857 > The Structure of Government > p. 92
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SIMILAR QUESTIONS

IAS · 2019 · Q4 Relevance score: 5.68

Consider the following statements about 'the Charter Act of 1813' : 1. It ended the trade monopoly of the East India Company in India except for trade in tea and trade with China. 2. It asserted the sovereignty of the British Crown over the Indian territories held by the Company. 3. The revenues of India were now controlled by the British Parliament. Which of the statements given above are correct?

IAS · 2006 · Q26 Relevance score: 3.68

Consider the following statements : I. The Charter Act of 1853 abolished East India Company’s monopoly of India trade. II. Under the Government of India Act 1858, the British Parliament abolished the East India Company altogether and undertook the responsibility of ruling India directly. Which of the following statements given above is/are correct?

CAPF · 2025 · Q26 Relevance score: 3.49

Match List-I with List-II and select the answer using the code given below the Lists : List-I (Act of the British Parliament) A. The Pitt's India Act, 1784 B. The Charter Act, 1813 C. The Charter Act, 1833 D. The Charter Act, 1853 List-II (Key Provision) 1. Enlargement of the Governor-General's Legislative Council 2. Discrimination against Indians removed in matters of employment and higher service 3. Board set up by the Crown to control affairs of India 4. Termination of monopoly of East India Company over Indian trade Code : (a) A B C D 1 4 2 3 (b) A B C D 1 2 4 3 (c) A B C D 3 4 2 1 (d) A B C D 3 2 4 1

CAPF · 2008 · Q75 Relevance score: 2.90

The administration of the English East India Company in India came to an end in—

CDS-I · 2006 · Q69 Relevance score: 2.43

Through which one of the following, were commercial activi ties of the East India Company finally put to an end ?