Consider the following statements about Charter Act 1833:

  1. It renewed the East India Company’s privileges for another twenty years
  2. It ended the monopoly of the East India Company to trade with China

   Which of the above statements is/are correct?

Answer: [C] Both 1 & 2

Both are correct statements
The Charter Act of 1833 renewed the East India Company’s privileges for another twenty years. The act ended the monopoly of the East India Company and private traders were permitted under special license.

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