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?
1 and 2 only
2 and 3 only
1 and 3 only
1, 2 and 3
Answer is Wrong!
Answer is Right!
This question was previously asked in
UPSC IAS – 2019
Statement 2 is correct. The Act formally asserted the sovereignty of the British Crown over the territories held by the Company in India, signifying a shift in the constitutional position.
Statement 3 is incorrect. While the Act brought the Company’s territories and revenues under greater parliamentary oversight, the revenues of India were still primarily under the control and management of the East India Company. Parliament did not take direct control of Indian revenues at this stage; that control was asserted more definitively by later Acts, particularly after the 1857 revolt.