With reference to the Charter Act of 1813, which of the following statements is/are correct? 1. It ended the trade monopoly of the East India Company in India except for trade in tea and trade with China. 2. It asserted the sovereignty of the British Crown over the Indian territories held by the Company. 3. It set aside a sum of one lakh rupees annually for the promotion of education in India.

💡 Solution & Explanation

The Charter Act of 1813 abolished the East India Company trade monopoly except for tea and China trade, affirmed British Crown sovereignty over Indian possessions, and earmarked annual funds for native education. Each of these legislative provisions marked a major turning point in British administrative policy toward India. Modern Indian history tests frequently probe the specific provisions of colonial charter acts.