Civics

Which of the following statements regarding the Act of 1858 is incorrect ?


ANSWER

The English East India Company continued to enjoy trading monopolies in India.


SOLUTION
On August 2, 1858, the Parliament of the United Kingdom passed an act in which the British East India Company was liquidated, which means they no longer enjoyed trading monopolies in India, and the functions were transferred to the British Crown. Hence, Option A is correct. The rest of the clauses were specified in the act, hence, inappropriate. 
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