Which of the following statements is/are correct about the Regulating Act, 1773?

  1. The Act prohibited the servants of company from engaging in any private trade
  2. The Act led to the establishment of Supreme Court at Calcutta
  3. The act provided for the appointment of a  Board of Control, and for a joint government of British India by the Company and the Crown

   Select the correct option from codes given below:

Answer: [A] 1 & 2 Only

The main objective of the Regulating Act, 1773 was to bring the management of the company under the control of British parliament and British crown, but it could not be achieved through the Act, and hence the Pitt's India Act was established which provided for the appointment of a Board of Control and for a joint government of British India by the Company and the Crown.

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