Question : By which Charter Act, the East India Company's monopoly of trade with China came to an end ?
Option 1: Charter Act of 1793
Option 2: Charter Act of 1813
Option 3: Charter Act of 1833
Option 4: Charter Act of 1853
Correct Answer: Charter Act of 1833
Solution : The Correct Answer is Charter Act of 1833
The Act permitted Indians to serve in government positions without restriction. The corporation was compelled to stop all of its operations in India by the Charter Act of 1833. Excluding tea trade, the company's monopoly on trade with India was broken. The Saint Helena Act 1833 or The Govt Act 1833 were other names for this.
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