Question

    By which act was the dividend of the East India Company fixed at 10.5%?

    A Charter Act 1793 Correct Answer Incorrect Answer
    B Charter Act 1853 Correct Answer Incorrect Answer
    C Charter Act 1833 Correct Answer Incorrect Answer
    D Charter Act 1813 Correct Answer Incorrect Answer

    Solution

    The Charter Act of 1813 fixed the dividend of the East India Company at 10.5%. This act renewed the Company's charter and ended its commercial monopoly, except for the tea and opium trade and trade with China.

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