Consider the following statements about ‘the Charter Act of 1813’:

1. It ended the trade monopoly of the East India Company in India except for trade in tea and trade with China.
2. It asserted the sovereignty of the British Crown over the Indian territories held by the Company.
3. The revenues of India were now controlled by the British Parliament.

Which of the statements given above are correct?

The Charter Act of 1813 brought about significant changes in the administration of British India.

Statement 1 is correct: The Act ended the East India Company's trade monopoly in India, except for trade in tea and trade with China. This opened Indian trade to other British merchants.

Statement 2 is correct: The Act explicitly asserted the sovereignty of the British Crown over the Indian territories held by the Company, reinforcing British control.

Statement 3 is incorrect: The Act did not transfer control of Indian revenues to the British Parliament directly. While the British government had increasing oversight, the Company largely retained control over revenue collection and expenditure.

The Act also allocated Rs 100,000 for the promotion of education among the Indian population and permitted Christian missionaries to propagate their religion.

Hence, only statements 1 and 2 are correct.

Sources:

• Wikipedia - Charter Act of 1813