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What change did the Charter Act of 1813 bring to the East India Company?

1. Ended Company's trade monopoly
2. Abolished Company rule
3. Introduced universal suffrage
4. Created provincial governments

Correct answer: Ended Company's trade monopoly

Solution

The Charter Act of 1813 ended the East India Company's monopoly over trade in India, except for trade in tea and trade with China. It did not abolish Company rule or introduce political reforms like universal suffrage.

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