Which act for the company’s monopoly over Indian trade terminated trade with India open to all British subjects?

The Charter act of 1813 ended the monopoly of the East India Company in India, however the company’s monopoly in trade with China and trade in tea with India was kept intact. Thus, trade with India for all commodities except Tea was thrown open to all British subjects.

Which act put an end to the monopoly of Company’s trade with India?

The Charter Act of 1813; ended the trade monopoly of East India Company in India.

Which Charter Act ended the trade monopoly of the company?

Detailed Solution. Option 4 is correct, i.e. The Charter Act of 1813. The Charter Act of 1813 ended the commercial trade monopoly of the East India Company except for trade in tea and trade with China.

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When was the monopoly of East India Company in trade brought under the control of British Crown?

Charter Act of 1793: It gave the East India Company a monopoly to trade with East only for a period of 20 years.

Which company got monopoly of trade in India?

India: The British, 1600–1740

…was entrusted to the (English) East India Company, which received its monopoly rights of trade in 1600….…

When was the monopoly of East India Company terminated?

End of Company rule

The East India Company itself was formally dissolved by Act of Parliament in 1874. Thus began the British Raj, direct imperial rule of India by the British state.

Which act ended commercial activities East India Company?

It ended the activities of the British East India Company as a commercial body and it became a purely administrative body.

Saint Helena Act 1833.

Citation 3 & 4 Will 4 c 85
Dates
Royal assent 28 August 1833
Other legislation
Repealed by Government of India Act 1915 (all except section 112)

What was the outcome of Bengal Regulation Act 1793?

Answer: Royal approval was mandated for the appointment of the Governor-General, the governors, and the Commander-in-Chief. This Act continued the company’s rule over the British territories in India. It continued the company’s trade monopoly in India for another 20 years.

How did East India Company established its monopoly over Indian trade?

Then he captured the British , the British fought over & took over him & signed the Treaty of Alinagar in which it was stated that the British would trade freely without paying any taxes. And in this way they established monopoly over in Bengal & then expanded to other states of India.

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What is monopoly of East India Company?

The new English East India Company was a monopoly in the sense that no other British subjects could legally trade in that territory, but it faced stiff competition from the Spanish and Portuguese, who already had trading outposts in India, and also the Dutch East Indies Company, founded in 1602.

How did the East India Company took over India?

Company rule in India effectively began in 1757 after the Battle of Plassey and lasted until 1858 when, following the Indian Rebellion of 1857, the Government of India Act 1858 led to the British Crown assuming direct control of India in the form of the new British Raj.

Who granted sole right to trade East to East India Company?

In 1600, the East India Company acquired a charter from the ruler of England, Queen Elizabeth I, granting it the sole right to trade with the East. This meant that no other trading group in England could compete with the East India Company.

When did East India Company arrived in India?

The British East India Company came to India as traders in spices, a very important commodity in Europe back then as it was used to preserve meat. Apart from that, they primarily traded in silk, cotton, indigo dye, tea and opium. They landed in the Indian subcontinent on August 24, 1608, at the port of Surat.

What was trade monopoly?

Monopoly of trade is the practice in which a country develops a system of management and control, eliminating competition, control costs, ensure regulated supply of products. For example, British colonisers used to monopolise products such as silk and cotton in India.

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When was the Pitts India Act passed?

Pitt’s India Act (1784), named for the British prime minister William Pitt the Younger, established the dual system of control by the British government and the East India Company, by which the company retained control of commerce and day-to-day administration but important political matters were reserved…

Which of the following act of India ensured the partition of India?

264 . Which of the Act made the governor of Bengal as Governor General of India? 265 . Which of the following act of India ensured the partition of India?

Explanation:

A. Government of India Act, 1909
C. Government of India Act, 1935
D. None of these