When was the monopoly of China trade lost by East India Company ?

[amp_mcq option1=”1813″ option2=”1833″ option3=”1838″ option4=”1860″ correct=”option2″]

This question was previously asked in

UPSC CDS-1 – 2021

The correct answer is B) 1833.

The Charter Act of 1833 completely abolished the East India Company’s commercial functions, including its monopoly on the tea trade with China. This opened up the China trade to all British merchants.

The Charter Act of 1813 had ended the East India Company’s monopoly over trade with India, except for the trade in tea and the trade with China. The Act of 1833 was a further step towards liquidating the Company’s commercial role and converting it into a purely administrative body for British possessions in India.

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