Consider the following statements about Charter Act of 1813:

  1. The Act ended the monopoly of the East India Company in India
  2. The Act expressly asserted the Crown’s sovereignty over the British India
  3. It established provision for spending Rs 1 Lakh every year to promote education in Indian masses

  Which of the above statements is/are correct?

Answer: [D] 1, 2 & 3

All given statements are correct
The Charter Act of 1813 ended the monopoly of the east India Company in India. The Act expressly asserted the Crown’s sovereignty over the British India. The Act established provision of Rs 1 Lakh to promote education in Indian masses.

This question is a part of GKToday's Integrated IAS General Studies Module