SSC Selection Post 2025 PYQ — Question 12

Correct Answer

Charter Act of 1813

Explanation

The Charter Act of 1813, also known as the East India Company Act 1813, was a significant piece of legislation passed by the British Parliament. A major provision of this act was the abolition of the East India Company's monopoly over trade with India. However, the company retained its monopoly on trade in tea and trade with China for another 20 years. This act was part of a larger trend toward liberalizing trade and reducing the company's absolute control over Indian commerce.

Key Points

The Charter Act of 1813 also marked a shift in the British approach toward India by formally asserting the sovereignty of the British Crown over the territories held by the company. Furthermore, it allocated a sum of one lakh rupees annually for the promotion of education among Indians and allowed Christian missionaries to enter India to spread their religion, which had a long-term impact on Indian society and education.

Important Questions and Answers

Question: Which act completely ended the East India Company's trade monopoly, including its trade with China and in tea?

Answer: The Charter Act of 1833.

Question: What was the primary purpose of the Regulating Act of 1773?

Answer: Its primary purpose was to establish a system of government to oversee and regulate the East India Company's operations in India, particularly addressing the corruption and administrative mismanagement.