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Consider the following statements regarding East India Company and choose the correct one/s:

Consider the following statements regarding East India Company and choose the correct one/s: Correct Answer Economic policy aimed to increase the profit of the company

The correct answer is option 2 i.e  Economic policy aimed to increase the profit of the company

  • The Charter Act of 1853 empowered the British East India Company to retain the territories and the revenues in India.
  • The East India Company Act 1813 renewed the charter issued to the British East India Company and continued the Company's rule in India.
  • The company's commercial monopoly was ended, except for the tea and opium trade, and the trade with China, the Act of 1833 ended the monopoly completely.
  • The commercial policy of the East India Company was guided by the interest of the British crown and its residents.
  • The Charter Act of 1853 empowered the British East India Company to retain the territories and the revenues in India in trust for the crown.

Related Questions

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Read the passage carefully and choose the best answer to each question out of the four alternatives.
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