Which of the following statement (s) is/are correct related to the Charter Act of 1793?
I. Renewed the Charter of the Company for 20 more years.
II. Regulated the finances of the Company.
III. Lay down that the salaries of the Board of Control and their staffs were to be paid from the British revenues.
IV. Prohibited the Commander-in-Chief from being a member of the Governor General's Council

A. I, II & III

B. I, II & IV

C. I & II

D. II & III

Answer: Option B

Solution(By Examveda Team)

The statements that are correct related to the Charter Act of 1793 were Renewed the Charter of the Company for 20 more years. Regulated the finances of the Company. Prohibited the Commander-in-Chief from being a member of the Governor General's Council.