Which act ended the monopoly of the East India Company's trade with India, except for tea and trade with China?
A. Charter Act of 1813
B. Pitt's India Act, 1784
C. Charter Act of 1853
D. Charter Act of 1833
Answer: Option A
Solution (By JKSSB Mock Tests)
The Charter Act of 1813 abolished the East India Company's monopoly of trade in India, opening Indian trade to all British subjects. However, the Company retained its monopoly over trade with China and the tea trade.
Explanation:
Warren Hastings adopted the 'Ring Fence Policy' to create buffer zones around the Company's territories to protect them from external invasions, often by forming alliances with neighbouring states.
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