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Question : Which Charter Act brought to an end, the East India Company's monopoly in India's foreign trade ?

Option 1: Charter Act of 1853

Option 2: Charter Act of 1793

Option 3: Charter Act of 1813

Option 4: Charter Act of 1833


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Team Careers360 12th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: Charter Act of 1813


Solution : The Correct Answer is  Charter Act of 1813

This charter act from 1813 maintained the Crowns' control over the British companies in India. Trade in opium, tea, and goods from China persisted even after their monopoly over every other company was broken. The corporation's rule was extended by 20 years. The Charter Act of 1813 abolished the East India Company's trade monopoly in India. 

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