Consider the following statements regarding “Regulating Act of 1773”: 1. It was the first step to control and regulate the affairs of the East India Company in India. 2. It laid the foundations of central administration in India. 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: Regulating Act of 1773 was of great constitutional importance as

(a) it was the first step taken by the British Government to control and regulate the affairs of the East India Company in India;

(b) it recognized, for the first time, the political and administrative functions of the Company; and

Source: Laxmikanth

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