With reference to the Regulating Act of 1773, consider the following statements: 1. It established a new Supreme Court at Madras. 2. It appointed Warren Hastings as the first Governor-General. 3. It prohibited the servants of the Company from engaging in any private trade. Which of the statements given above is/are correct?

The correct option is (c). Explanation The Regulating Act of 1773 was the first strategic measure taken by the British Parliament to control and regulate the affairs of the East India Company in India. It laid the foundation for central administration in the country. Statement-wise Analysis: - Statement 1 is Incorrect: The Act provided for the establishment of a Supreme Court at Calcutta (1774), comprising one Chief Justice and three other judges. It was not established at Madras. - Statement 2 is Correct: The Act designated the Governor of Bengal as the 'Governor-General of Bengal' and created an Executive Council of four members to assist him. Lord Warren Hastings was the first person to hold this designation. - Statement 3 is Correct: The Act strictly prohibited the servants of the Company from engaging in any private trade or accepting presents or bribes from the natives, aiming to curb the rampant corruption within the Company's administration. Key Takeaway: The Regulating Act of 1773 marked the beginning of parliamentary control over the Company and initiated the centralization of power by subordinating the presidencies of Bombay and Madras to the Governor-General of Bengal.

With reference to the Regulating Act of… - NCERT Class 8 History MCQ

NCERT Class 8 History — Chapter 1: From Trade to Territory The Company Establishes Power

mcqmedium

With reference to the Regulating Act of 1773, consider the following statements:

It established a new Supreme Court at Madras.
It appointed Warren Hastings as the first Governor-General.
It prohibited the servants of the Company from engaging in any private trade.

Which of the statements given above is/are correct?

NCERT textbook question

From NCERT Our Past -3 · Page 22

Options

A1 and 2 only
B2 only
C2 and 3 only
D1, 2 and 3

Did you get this right?

Solution

The correct option is (c).

Explanation

The Regulating Act of 1773 was the first strategic measure taken by the British Parliament to control and regulate the affairs of the East India Company in India. It laid the foundation for central administration in the country.

Statement-wise Analysis:

Statement 1 is Incorrect: The Act provided for the establishment of a Supreme Court at Calcutta (1774), comprising one Chief Justice and three other judges. It was not established at Madras.
Statement 2 is Correct: The Act designated the Governor of Bengal as the 'Governor-General of Bengal' and created an Executive Council of four members to assist him. Lord Warren Hastings was the first person to hold this designation.
Statement 3 is Correct: The Act strictly prohibited the servants of the Company from engaging in any private trade or accepting presents or bribes from the natives, aiming to curb the rampant corruption within the Company's administration.

Key Takeaway: The Regulating Act of 1773 marked the beginning of parliamentary control over the Company and initiated the centralization of power by subordinating the presidencies of Bombay and Madras to the Governor-General of Bengal.

Your note

More from Chapter 1: From Trade to Territory The Company Establishes Power

With reference to the grant of Diwani rights to the East India Company, consider the following statements: 1. The Mughal Emperor appointed the Company as the Diwan of the provinces of Bengal in 1765. 2. The Diwani rights restricted the Company from using the revenue resources of Bengal to finance its expenses. 3. The assumption of Diwani increased the outflow of gold and silver from Britain to India. Which of the statements given above is/are correct?

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