Under the Charter Act of 1833 in British India, the East India Company’s monopoly on trade with which of the following countries was abolished?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. China.
Under the Charter Act of 1833, the East India Company’s monopoly on trade with China was abolished. This act allowed other British merchants and traders to engage in trade with China, ending the East India Company's exclusive rights. This change was part of broader reforms aimed at modernizing and regulating the administration of British India and expanding trade opportunities. The abolition of the monopoly was significant in opening up international trade and enhancing commercial activities in the region.