Which of the following statement is related with the provision of the Charter Act of 1833? , Which of the following statement is related with the provision of the Charter Act of 1833?

A. Allowed the Company’s monopoly of tea trade and trade with China

B. Put an end to the Company’s tea trade and trade with China

C. Has not interfered with Company’s tea trade and trade with China

D. Allowed the Company’s monopoly of tea trade and trade with China for ten years

Correct Answer :

B. Put an end to the Company’s tea trade and trade with China

Explanation

The East India Company Act 1813, also known as the Charter Act 1813, was an Act of the Parliament of the United Kingdom which renewed the charter issued to the British East India Company, and continued the Company’s rule in India. However, the Company’s commercial monopoly was ended, except for the tea and opium trade and the trade with China, this reflecting the growth of British power in India.