Question : Which Charter Act brought to an end, the East India Company's monopoly in India's foreign trade ?
Option 1: Charter Act of 1853
Option 2: Charter Act of 1793
Option 3: Charter Act of 1813
Option 4: Charter Act of 1833
Correct Answer: Charter Act of 1813
Solution : The Correct Answer is Charter Act of 1813
This charter act from 1813 maintained the Crowns' control over the British companies in India. Trade in opium, tea, and goods from China persisted even after their monopoly over every other company was broken. The corporation's rule was extended by 20 years. The Charter Act of 1813 abolished the East India Company's trade monopoly in India.
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