Question map
Through which one of the following, were commercial activi ties of the East India Company finally put to an end ?
Explanation
The commercial activities of the East India Company were finally terminated by the Charter Act of 1833. While the Charter Act of 1813 had previously broken the Company's general trade monopoly in India, it had preserved the Company's exclusive rights over the tea trade and trade with China [t2][t3]. The Charter Act of 1833 removed these remaining privileges, effectively ending the Company's status as a commercial body [c1][c3]. Consequently, the Company was transformed into a purely administrative entity, governing Indian territories in the name of the British Crown [c3][t2]. This transition was part of a broader shift toward laissez-faire economic policies and liberalism during the British Industrial Revolution [t4]. The Act also centralized administration by designating the Governor-General of Bengal as the Governor-General of India, granting him authority over all civil and military matters [t2][t4].
Sources
- [1] 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
- [2] Rajiv Ahir. A Brief History of Modern India (2019 ed.). SPECTRUM. > Chapter 26: Constitutional, Administrative and Judicial Developments > The Charter Act of 1833 > p. 505
- [3] https://www.britannica.com/event/Government-of-India-Acts