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Q40 (CDS-I/2021) History & Culture › Modern India (Pre-1857) › Charter Acts and councils Answer Verified

When was the monopoly of China trade lost by East India Company ?

Result
Your answer: —  Â·  Correct: B
Explanation

The East India Company's commercial privileges were dismantled in stages through various Charter Acts. The Charter Act of 1813 initially ended the Company's trade monopoly with India, but it specifically preserved the Company's exclusive rights over the tea trade and trade with China [1]. It was the subsequent Charter Act of 1833 that finally abolished these remaining privileges, bringing the Company's monopoly on the China trade and tea trade to a complete end [2]. This act transformed the East India Company from a commercial entity into a purely administrative body acting on behalf of the British Crown [2]. Consequently, the year 1833 marks the definitive loss of the China trade monopoly, opening the Far East markets to private British merchants and ending the Company's mercantilist era.

Sources

  1. [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. [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
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SIMILAR QUESTIONS

CDS-I · 2002 · Q81 Relevance score: 5.58

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

IAS · 2019 · Q4 Relevance score: 4.30

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: 3.09

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 · 2008 · Q75 Relevance score: 2.43

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

CAPF · 2025 · Q26 Relevance score: 1.18

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