The character act of 1793 ended company monopoly in trade
option
(A) True
(B) False
(C) Both a and b
(D) None of these
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The right answer is..... option (A) ..
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By the Charter Act of 1793, the Company’s commercial privileges were extended for a further period of twenty years. Salaries for the staff and paid members of the Board of Control were also now charged to the Company. It ended the Company's commercial monopoly except for the tea trade and the trade with China.
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