Which of the following Acts passed by the British Parliament ended the East India Company's monopoly over trade with China and its monopoly of the tea trade, making it exclusively an administrative body?

💡 Solution & Explanation

The Charter Act of 1833 terminated all commercial activities of the East India Company, converting it entirely into an administrative arm for governing British territories in India on behalf of the Crown. The Charter Act of 1813 had previously abolished the general Indian trade monopoly while retaining tea and China trade privileges. This legislative shift reflected the growing dominance of British industrial free-trade policies.