Question

3. When did the Company lose its monopoly on Indian trade?​

Answer 1

Answer:

The company's commercial monopoly was broken in 1813, and from 1834 it was merely a managing agency for the British government of India. It lost that role after the Indian Mutiny (1857). In 1873 it ceased to exist as a legal entity. Read more about the Indian Mutiny that hastened the end of the East India Company.

Answer 2

Answer:

Company loses its monopoly in 1857 and its power is transferred to Great Britain's Central Government