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Consider the following statements about the Regulating Act of 1773:
1. It subsumed the presidencies of Madras and Bombay under Bengal's control.
2. The Company’s territories in India were termed ‘British possessions’.
3. It allowed the servants of the Company to engage in private trade.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    1 and 2 only
  • c)
    2 and 3 only
  • d)
    1, 2 and 3
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements about the Regulating Act of 1773:1. ...
The regulating Act of 1773 was passed by the British Parliament to control the territories of the East India Company majorly in Bengal. This act was passed due to the misgovernment by the British East India government that introduced a situation of bankruptcy and the government had to interfere with the affairs of the Company.
This act permitted the company to retain its territorial possessions in India but sought to regulate the activities and functioning of the company. It did not take over power completely, hence called ‘regulating’.
The act provided for the appointment of a Governor-General along with four Councillors in the Presidency of Fort William (Calcutta), jointly called the Governor-General in Council.
As per this, Warren Hastings was appointed as the Governor-General of the Presidency of Fort William.
The Governors in Councils at Madras and Bombay were brought under the control of Bengal, especially in matters of foreign policy. Now, they could not wage war against Indian states without Bengal’s approval.
The company directors were elected for a period of five years and one-fourth of them were to retire every year. Also, they could not be re-elected.
The company directors were directed to make public all correspondence on revenue, civil and military matters with Indian authorities before the British authorities.
A Supreme Court of Judicature was established at Calcutta with Sir Elijah Impey as the first Chief Justice. Judges were to come from England. It had civil and criminal jurisdiction over the British subjects and not Indian natives.
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Consider the following statements about the Regulating Act of 1773:1. ...
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Consider the following statements about the Regulating Act of 1773:1. It subsumed the presidencies of Madras and Bombay under Bengals control.2. The Company’s territories in India were termed ‘British possessions’.3. It allowed the servants of the Company to engage in private trade.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?
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Consider the following statements about the Regulating Act of 1773:1. It subsumed the presidencies of Madras and Bombay under Bengals control.2. The Company’s territories in India were termed ‘British possessions’.3. It allowed the servants of the Company to engage in private trade.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements about the Regulating Act of 1773:1. It subsumed the presidencies of Madras and Bombay under Bengals control.2. The Company’s territories in India were termed ‘British possessions’.3. It allowed the servants of the Company to engage in private trade.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements about the Regulating Act of 1773:1. It subsumed the presidencies of Madras and Bombay under Bengals control.2. The Company’s territories in India were termed ‘British possessions’.3. It allowed the servants of the Company to engage in private trade.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?.
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