GK QUESTION#2650

Consider the following statements about the Charter Act of 1793: I. The Company’s trade monopoly was renewed for twenty years. II. Provision was made for payment to all members of the Board of Control. Which statement(s) is/are correct?

AOnly I is true
BOnly II is true
CBoth Statement I and Statement II are trueCorrect answer
DNeither I nor II is true

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Answer

C. Both Statement I and Statement II are true

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Explanation

Both statements are correct. The 1793 renewal continued the Company’s monopoly for twenty years, and provided for payment to all members of the Board of Control.

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Consider the following statements about the Charter Act of 1793: I. The Company’s trade monopoly was renewed for twenty years. II. Provision was made for payment to all members of the Board of Control. Which statement(s) is/are correct?

Answer

Explanation

Consider the following statements about the Charter Act of 1793: I. The Company’s trade monopoly was renewed for twenty years. II. Provision was made for payment to all members of the Board of Control. Which statement(s) is/are correct?

Answer

Explanation

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