QUESTION- Prelims-IAS – HISTORY MCQ-09
- Local manufacturing class in England attacked the trade monopoly of company and wanted India to be market of its finished goods.
- Charter Act of 1813 initiated this process by which trade to India (except tea) was thrown open to all.
- After the industrial revolution, Indian export of raw materials like raw cotton, silk and plantation goods like tea and indigo increased.
- Also flooding of Indian market with cheap industrial goods and loss of traditional buyers led to de-industrialization of India.
- Land revenue policies made land saleable and alienable. This led to weaning away of traditional and customary rights of peasant of land, pastures, water canals etc.
- One sided free trade and stiff competition from Industrial goods of England was main reason for de-industrialization of India.
- Although by making Land a commodity british had hoped for large scale investment in it, but it did not happen.
- Court of directors was regulating and governing body of Company which decided all matters of commercial and political nature before Pitts India Act which then added Board of Control for political matters.
- Later on, post 1857, Government of India was taken over by British Parliament.
- Statement 1 is incorrect because Farmaan granted British East India Company right to make import and export of goods without paying any tax throughout the Bengal.
- Statement 2 is incorrect because Dastak was issued for free movement of goods in Bengal without any restriction.
- In dual government, company directly collected its revenues. British had no responsibility and Nawab had responsibility without power, this system was disaster for the people of Bengal.
- Because company had the right to nominate deputy Subahdar and the deputy subahdar could not be removed without the consent of the Company. Thus company had police and judicial powers as well.
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