Which of the following Acts ended the East India Company's monopoly over trade with India, except for the tea trade and trade with China?

💡 Solution & Explanation

The Charter Act of 1813 ended the East India Company's commercial monopoly over Indian trade, throwing open the market to all British merchants while explicitly retaining its exclusive monopoly over the tea trade and trade with China. Earlier statutes like the Regulating Act of 1773 and Pitt's India Act of 1784 concentrated on establishing regulatory oversight and political control rather than dismantling trade monopolies. The subsequent Charter Act of 1833 completely abolished the Company's remaining commercial privileges, converting it into a purely administrative body.