Consider the following statements regarding “Charter Act of 1793”: 1. It extended the trade monopoly of the Company in India for another period of twenty years. 2. The members of the Board of Control and their staff were to be paid out of the Indian revenues.Which of the statements given above is/are correct? |ForumIAS

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C

Notes:

Explanation: Charter Act of 1793, features of this Act was as follows:

It extended the overriding power given to Lord Cornwallis over his council, to all future Governor-Generals and Governors of Presidencies.
It gave the Governor-General more powers and control over the governments of the subordinate Presidencies of Bombay and Madras.
It extended the trade monopoly of the Company in India for another period of twenty years.
It stated that the Commander-in-Chief was not to be a member of the Governor-General’s council, unless he was so appointed.
It laid down that the members of the Board of Control and their staff was, henceforth, to be paid out of the Indian revenues.

Source: Laxmikanth’s Polity