This Act broke the trade monopoly of the East India Company and opened Indian Trade to all British Merchants :
MH SET - 2021, SET Exam - 2021,
Answer: C
The Act was the Charter Act, 1813.
The Charter Act of 1813 renewed the East India Company's charter for twenty years but ended its monopoly of trade with India, opening it to all British merchants, while keeping its monopoly of the tea trade and trade with China. It also allotted a lakh of rupees a year for education.
Pitt's India Act of 1784 set up the Board of Control, and the 1793 Act was a Charter Act, not a Regulating Act. There was no Charter Act of 1815; the Company's China monopoly ended with the Charter Act of 1833.
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