Test: The Structure of Government and the Economic Policies of the British Empire in India(1757-1857) - 1 - UPSC MCQ

To increase the Company's profits and maintain the British hold over India. The Company's main objectives were to increase its profits, enhance the profitability of its Indian possessions to Britain, and maintain and strengthen the British hold over India.

An act that made changes in the constitution of the Court of Directors of the Company and subjected their actions to the supervision of the British Government.

This act established six Commissioners for the affairs of India, popularly known as the Board of Control, to guide and control the work of the Court of Directors and the Government of India.

The end of the Company's trade monopoly in India. The Charter Act of 1813 ended the trade monopoly of the Company in India and opened trade with India to all British subjects.

This act brought the Company's monopoly of tea trade and trade with China to an end.

To transform India into a consumer of British manufactures and a supplier of raw materials. The Company followed a policy of free trade of British goods, exposing Indian handicrafts to fierce and unequal competition, and forcing India to export raw materials instead of manufactured goods.

The decline of Indian handicrafts and industries. British economic policies, such as heavy import duties and the promotion of British goods, led to the decline of Indian handicrafts and industries, as they could not compete with cheaper and better machine-made products from Britain.

The transfer of wealth and resources from India to Britain without adequate economic or material return. The British exported part of India's wealth and resources for which India got no adequate economic or material return, leading to a drain of wealth from India to Britain.

It played an important part in financing Britain's capitalist developments and early industrialization. The wealth drained out of India helped finance Britain's capitalist developments and early industrialization, transforming Britain's economy.

The British government aimed to replace Indian manufactures with British manufactures and promote British industries at the expense of Indian industries, as part of their colonial economic policies.