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Which of the statements given above is/are correct? a) The Charter Act 1853 abolished East India Company’s monopoly of Indian Trade. b) Under the Government of India Act 1858, the British Parliament Abolished the East India Company altogether and undertook the responsibility of ruling India directly.

Which of the statements given above is/are correct? a) The Charter Act 1853 abolished East India Company’s monopoly of Indian Trade. b) Under the Government of India Act 1858, the British Parliament Abolished the East India Company altogether and undertook the responsibility of ruling India directly. Correct Answer Only b)

The correct answer is the Only b).

Key Points

  • Charter Act of 1853 - 
    • This was last of these series of Charter Acts passed by the British Parliament 1793 and 1853.
    • It was a significant constitutional landmark.
    • It separated for the first time, the legislative and executive function of the Governor's-general's Council.
      • It provided the addition of six new members called legislative councillors to the council.
      • It established a separate Governor-General's legislative council which came to be known as Indian Legislative Council functioned as mini-parliament.
    • It introduced an open competition system of selection and recruitment of civil servants.
      • It was open to Indians also.
      • Accordingly, the Macaulay Committee was appointed in 1854.
    • It extended the Company's rule and allowed it to retain the possession of Indian territories on trust for the British crown.
    • It introduced for the first time, local representation in the Indian Legislative Council.
      • Out of six new members of Governor-General's Council, four were appointed by the local governments of Madras, Bombay, Bengal and Agra. 
    • The parliamentary acts of 1813 ended the East India Company's trade monopoly, and in 1834 it was transformed into a managing agency for the British government of India. Hence statement (a) is not correct.
  • Government of India Act of 1858 - 
    • This act was enacted in the wake of the Revolt of 1857.
    • It was also known as the First War of Independence or the 'sepoy mutiny'.
    • The act is known as the Act for the Good Government of India.
    • The act abolished the East India Company and transferred the powers to the British Crown. Hence statement (b) is correct.
    • It changed the designation of the Governor-General to that of Viceroy of India.
      • Lord Canning became the first Viceroy of India.
    • It ended the system of double government by abolishing the Board of Control and Court of Directors.
    • It created a new office, Secretary of State for India having complete authority over Indian Administration.
    • It established 15-member Council of India to assist the secretary of state for India.

Related Questions

Consider the following statements about 'the Charter Act of 1813': 1. It ended the trade monopoly of the East India Company in India except for trade in tea and trade with China. 2. It asserted the sovereignty of the British Crown over the Indian territories held by the Company. 3. The revenues of India were now controlled by the British Parliament. Which of the statements given above are correct?
Which of the following statements about the British East India Company are true? A. It was formed in 1599 by a group of merchants known as The Merchant Adventurers. B. It was granted a charter by Queen Elizabeth in 1600 giving monopoly of eastern trade for an indefinite period. C. It decided to open a factory at Surat in 1608. D. Company’s monopoly of trade was abolished by James I in 1609. Choose the correct answer from the options given below :
Which of the following statements is correct about "Charter Act of 1813"? 1) The trade monopoly of the East India Company ended, but in trade with China and the tea trade, the company still retained its monopoly. 2) With this act, the christian missionaries were allowed to spread their religion in India.
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A passage is given with five questions following it. Read the passage carefully and select the best answer to each question out of the given fouralternatives. He wasn't the first, nor would he be the last, but the wiry, bespectacled man from Gujarat is certainly the most famous of the world's peaceful political dissidents.Mohandas Gandhi – also affectionately known as Mahatma – led India's independence movement in the 1930s and 40s by speaking softly without carrying much ofa big stick, facing down the British colonialists with stirring speeches and non-violent protest. More than anything else, historians say, Gandhi proved that one manhas the power to take on an empire, using both ethics and intelligence. Urges Britain to quit India It is hard to imagine the thin, robed Gandhi working in the rough and tumble world of law, but Gandhi did get his start in politics as a lawyer in South Africa, where he supported the local Indian community's struggle for civil rights. Returning to India in 1915, he carried over his desire to improve the situation of the lower classes. Gandhi quickly became a leader within the Indian National Congress, a growing political party supporting independence, and traveled widely with the party to learnabout the local struggles of various Indian communities. It was during those travels that his legend grew among the Indian people, historians say. Gandhi was known as much for his wit and intelligence as for his piety. When he was arrested several more times over the years for his actions during the movement,Gandhi calmly fasted in prison, believing that his death would embarrass the British enough to spur independence, which had become the focus of his politics by1920. Gandhi's non-cooperation movement, kicked off in the early 1920s, called for Indians to boycott British goods and traditions and become self-reliant. His mostfamous protest came in 1930, when Gandhi led thousands of Indians on a 250-mile march to a coastal town to produce salt, on which the British had a monopoly. Who is he referred to in the first paragraph of the passage?
A passage is given with five questions following it. Read the passage carefully and select the best answer to each question out of the given fouralternatives. He wasn't the first, nor would he be the last, but the wiry, bespectacled man from Gujarat is certainly the most famous of the world's peaceful political dissidents.Mohandas Gandhi – also affectionately known as Mahatma – led India's independence movement in the 1930s and 40s by speaking softly without carrying much ofa big stick, facing down the British colonialists with stirring speeches and non-violent protest. More than anything else, historians say, Gandhi proved that one manhas the power to take on an empire, using both ethics and intelligence. Urges Britain to quit India It is hard to imagine the thin, robed Gandhi working in the rough and tumble world of law, but Gandhi did get his start in politics as a lawyer in South Africa, where he supported the local Indian community's struggle for civil rights. Returning to India in 1915, he carried over his desire to improve the situation of the lower classes. Gandhi quickly became a leader within the Indian National Congress, a growing political party supporting independence, and traveled widely with the party to learnabout the local struggles of various Indian communities. It was during those travels that his legend grew among the Indian people, historians say. Gandhi was known as much for his wit and intelligence as for his piety. When he was arrested several more times over the years for his actions during the movement,Gandhi calmly fasted in prison, believing that his death would embarrass the British enough to spur independence, which had become the focus of his politics by1920. Gandhi's non-cooperation movement, kicked off in the early 1920s, called for Indians to boycott British goods and traditions and become self-reliant. His mostfamous protest came in 1930, when Gandhi led thousands of Indians on a 250-mile march to a coastal town to produce salt, on which the British had a monopoly. What led to the growth of legend of Mahatma Gandhi among the Indians?
A passage is given with five questions following it. Read the passage carefully and select the best answer to each question out of the given fouralternatives. He wasn't the first, nor would he be the last, but the wiry, bespectacled man from Gujarat is certainly the most famous of the world's peaceful political dissidents.Mohandas Gandhi – also affectionately known as Mahatma – led India's independence movement in the 1930s and 40s by speaking softly without carrying much ofa big stick, facing down the British colonialists with stirring speeches and non-violent protest. More than anything else, historians say, Gandhi proved that one manhas the power to take on an empire, using both ethics and intelligence. Urges Britain to quit India It is hard to imagine the thin, robed Gandhi working in the rough and tumble world of law, but Gandhi did get his start in politics as a lawyer in South Africa, where he supported the local Indian community's struggle for civil rights. Returning to India in 1915, he carried over his desire to improve the situation of the lower classes. Gandhi quickly became a leader within the Indian National Congress, a growing political party supporting independence, and traveled widely with the party to learnabout the local struggles of various Indian communities. It was during those travels that his legend grew among the Indian people, historians say. Gandhi was known as much for his wit and intelligence as for his piety. When he was arrested several more times over the years for his actions during the movement,Gandhi calmly fasted in prison, believing that his death would embarrass the British enough to spur independence, which had become the focus of his politics by1920. Gandhi's non-cooperation movement, kicked off in the early 1920s, called for Indians to boycott British goods and traditions and become self-reliant. His mostfamous protest came in 1930, when Gandhi led thousands of Indians on a 250-mile march to a coastal town to produce salt, on which the British had a monopoly. Bapu was known for his: