What was the purpose of the East India Company behind the merger policy during 1850s? Merger of Administrative B. Merger of economic autonomy C. Merger of Princely States D. Merger of Revenue Rights
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What was the purpose of the East India Company?
The East India Company was an English company formed for the exploitation of trade with East and Southeast Asia and India. Incorporated by royal charter on December 31, 1600, it was started as a monopolistic trading body so that England could participate in the East Indian spice trade.
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D. Merger of Revenue Rights
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- The company lost all executive powers under the Government of India Act of 1858, leaving its Indian possessions and armies to the King.
- Control of the country was transferred from the Association's Board of Trustees to the Indian Secretary of State, who was advised by a council whose members were appointed by the King.
- The crown also directly appointed Governors, heads of provinces or states, Governors of provinces, etc. of India.
- The East India Company itself was formally dissolved by an Act of Parliament in 1874. Thus began the British Raj, the direct imperial rule of India by the British state.
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