The commercial trading monopoly of the company was brought to an end in___________?
Show answer Hide answer
Answer: C. East India Company
Explanation
The commercial trading monopoly of the East India Company was brought to an end by parliament. Legislative acts passed in the nineteenth century curtailed the exclusive trading privileges of the company. The company transitioned from a pure commercial enterprise into a territorial administrative governing body. The Charter Act of eighteen thirteen officially ended the company monopoly on general trade with India. Growing pressure from British free-trade merchants forced the parliament to open up Asian markets. The China trade monopoly of the company survived until the subsequent Charter Act of eighteen thirty-three.
Ending the monopoly allowed private British entrepreneurs to enter commercial markets across the Subcontinent. Economic historians study this policy shift as a major milestone in nineteenth-century global capitalism. The transformation paved the way for deeper integration of colonial economies into the British industrial empire. Option A mentions a Lord Report, which does not represent the specific parliamentary legislation ending the monopoly. Option B refers to Wood, whose dispatch dealt with education rather than the nineteenth-century trade monopoly. Option D is incorrect because the East India Company is explicitly the correct entity experiencing the change.
Related questions
Q1. In what language or languages was the Aligarh Institute Gazette printed___________?
Show answer Hide answer
Answer: B. 1866
The Aligarh Institute Gazette was established and published starting in the year eighteen sixty-six. Sir Syed Ahmad Khan initiated this publication to disseminate modern ideas and foster intellectual discourse. Historica...
Q2. The charter ___________was enacted in the year 1813?
Show answer Hide answer
Answer: A. act
The Charter Act of 1813 was an important legislative act passed by Parliament. Such acts legally bound the East India Company to specific parliamentary rules. The term act designates a formal statute enacted by the Briti...
Q3. The introduction of the charter act was carried out by_________?
Show answer Hide answer
Answer: C. East India Company
The East India Company was the primary corporate body responsible for introducing the charter acts. These legislative acts were passed by the British Parliament to govern Company territories in India. The Company managed...
Q4. The initial learning process a child undergoes upon starting school is referred to as___________?
Show answer Hide answer
Answer: B. formal
The initial structured learning process a child undergoes in an institutional school is known as formal education. Formal education follows a strict curriculum delivered by trained professionals within certified academic...
Q5. When did American authorities first ____________claim a share of public revenue within the East India Company operations?
Show answer Hide answer
Answer: B. parliament
The British Parliament began asserting statutory control over East India Company revenues. Late eighteenth-century regulatory acts curbed the financial autonomy of the company. Parliamentary oversight ensured public acco...
Q6. The introduction of English education ___________ fostered a distinct social class in India?
Show answer Hide answer
Answer: A. language
The introduction of English education created a distinct professional social class in India. Language served as the primary vehicle for cultural and administrative assimilation. English-educated individuals formed a new...