When did the east India company end ?a)1859b)1856c)1886d)1858Correct a...
The British government effectively abolished the Company in 1858.
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When did the east India company end ?a)1859b)1856c)1886d)1858Correct a...
The correct answer is option 'D', 1858.
Explanation:
The East India Company, also known as the British East India Company, was a British trading company that was formed for trade with the East Indies (present-day Southeast Asia) and the Indian subcontinent. It was granted a royal charter by Queen Elizabeth I on December 31, 1600.
The end of the East India Company can be attributed to several key events and factors.
1. The Indian Rebellion of 1857: This rebellion, also known as the Sepoy Mutiny, was a major uprising against the British East India Company's rule in India. It started in May 1857 and lasted for about a year. The rebellion ultimately led to the dissolution of the East India Company.
2. Government of India Act, 1858: As a result of the Indian Rebellion of 1857, the British government took direct control of India from the East India Company. The Government of India Act was passed in August 1858, which transferred the administration of India from the East India Company to the British Crown. This marked the end of the company's rule.
3. The Crown's control: After the Government of India Act, the British Crown assumed direct control over India. The British government appointed a Secretary of State for India and established the office of the Viceroy of India to oversee the administration of the country. The East India Company no longer had any governing authority.
4. Liquidation: With the end of its rule and the transfer of power to the British Crown, the East India Company began the process of liquidation. Its assets were sold off and its affairs were wound up over the following years.
Therefore, the East India Company ended in 1858 after the British government took control of India and the company's rule came to an end.
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