| Assertion (A): In 1813 the British Government abolished the East India Company's monopoly of Indian Trade. |
| Reason (R): The British traders, who were not partners in the East India Company, powerfully campaigned against the Company's monopoly to get a share in the high profitable trade with India. |
A) Both A and R are true and R is correct explanation of A.
B) Both A and R are true but R is not correct Explanation of A.
C) A is true but R is false.
D) A is false but R is true.
Correct Answer: C
Solution :
In 1813, the British Government abolished the East India Company's monopoly of Indian Trade because the British manufacturers (a new emerging and competent class in Britain due to the Industrial Revolution) powerfully campaigned against the monopoly of the company. The British manufacturers wanted to exploit Indian resources by trade in their own interests.
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