Which Charter Act brought to an end, the East India Companys monopoly in Indias foreign trade ?

examrobotsa's picture

Submitted by examrobotsa on

Q: (SSC/0)
Which Charter Act brought to an end, the East India Company’s monopoly in India’s foreign trade ?

question_subject: 

History

question_exam: 

SSC

stats: 

0,90,87,13,11,90,63

keywords: 

{'east india company': [4, 0, 2, 1], 'charter act': [1, 0, 1, 1], 'foreign trade': [0, 0, 1, 0], 'monopoly': [3, 0, 4, 5], 'india': [8, 1, 7, 13]}

The correct answer is option 3, the Charter Act of 1813. This act was passed by the British Parliament and it marked a significant shift in the relationship between the East India Company and the British government. The act renewed the company`s charter for another 20 years, but it also brought an end to the company`s monopoly in India`s foreign trade. This means that other British traders were now allowed to compete with the East India Company in trading with India. The act also allowed Christian missionaries to enter India and it ended the East India Company`s control over trade with China. Overall, the Charter Act of 1813 was an important step towards the eventual British control over India.