Which of the following act was abolished the trade monopoly of East India Company in India? |ForumIAS

Updates

Prelims Sprint 2026 (PRRC), Batch-1 Starts on 1st December 2025 available in Online and Offline Mode | PTS 2026 Batch-19 available in English & Hindi Medium, Starts on 19th November 2025 | CSAT Classes for 2026 Prelims, Batch-2 starts 4th November 2025 |

Q. Which of the following act was abolished the trade monopoly of East India Company in India?

[A] Regulating Act, 1773

[B] Regulating act, 1793

[C] Charter Act, 1813

[D] Charter Act, 1833

Answer: C

Notes:

Explanation: Charter Act, 1813 abolished the trade monopoly of the company in India i.e., the Indian trade was thrown open to all British merchants.

However, it continued the monopoly of the company over trade in tea and trade with China.

Source: Laxmikanth’s Polity

Q. Which of the following act was abolished the trade monopoly of East India Company in India?

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS