Q. Consider the following statements regarding “Regulating Act of 1773”:
1.It introduced the element of centralized administration.
2.The directors of the Company were required to submit all correspondence regarding revenue affairs and civil and military administration to the government.
Which of the statements given above is/are correct? 
Answer: C
Notes:
Explanation: The 1773 Regulating Act brought about the British government’s involvement in Indian affairs in the effort to control and regulate the functioning of the East India Company.
- It recognized that the Company’s role in India extended beyond mere trade to administrative and political fields, and introduced the element of centralized administration.
- The directors of the Company were required to submit all correspondence regarding revenue affairs and civil and military administration to the government.
- Thus for the first time, the British cabinet was given the right to exercise control over Indian affairs.
Source: Spectrum
