Q. Consider the following statements regarding “regulating act of 1793”:
1.It gave the Governor-General more powers and control over the governments of the subordinate Presidencies of Bombay and Madras.
2.It extended the trade monopoly of the Company in India for a period of twenty years.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Explanation: Charter Act of 1793: The features of Act were 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.

Source: Laxmikanth

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