Charter act of 1813:

  1. ended the monopoly of East India Company to trade in tea
  2. made the Governor General of Bengal the Governor General of British India
  3. had a provision for Company to invest Rs. 1 Lakh every year on the education of Indians.

Select the correct option from codes given below:

Answer: [A] 3 Only

First statement is incorrect because Charter act of 1833 ended the monopoly of EIC to trade in Tea. Also, the second statement is incorrect because it was Charter act of 1833 which made the Governor general of bengal as Governor general of British India. Kindly note the points of charter act 1813:

  • The Charter act of 1813 ended the monopoly of the East India Company in India, however the company’s monopoly in trade with china and trade in tea was remained intact.
  • The charter act of 1813, for the first time explicitly defined the constitutional position of the British territories in India.
  • This act also made provisions to grant permission to the persons who wished to go to India for promoting moral and religious improvements. (Christian Missionaries).
  • This act regulated the company’s territorial revenues and commercial profits. The company debt was to be reduced and dividend was fixed @10.5% per annum.
  • There was also a provision that Company should invest Rs. 1 Lakh every year on the education of Indians.
  • This act also empowered the local governments to impose taxes on the persons subject to the jurisdiction of the Supreme Court.

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