MCQ
Q.
In which year was the Regulating Act passed?
Correct Answer: C
The correct answer is AD 1773.
Key Points
- Regulating Act 1773:
- The regulating Act of 1773 was passed by the British Parliament to control the territories of the East India Company majorly in Bengal.
- This act was passed due to the misgovernment by the British East India government that introduced a situation of bankruptcy and the government had to interfere with the affairs of the Company.
- This act permitted the company to retain its territorial possessions in India but sought to regulate the activities and functioning of the company.
- It did not take over power completely, hence called ‘regulating’.
- The act provided for the appointment of a Governor-General along with four Councillors in the Presidency of Fort William (Calcutta), jointly called the Governor-General in Council.
- As per this, Warren Hastings was appointed as the Governor-General of the Presidency of Fort William.
- A Supreme Court was established at Fort William, Calcutta. Sir Elijah Impey was the first Chief Justice.
