|Consider the following statements:|
|The Regulating Act of 1773 provided.|
|1 .That the court of Directors of the Company, hitherto elected every year, would henceforth by elected for a period of three years.|
|2. That the number of Directors to the Company was fixed at 24, one fourths retiring every three years.|
|3. For a judiciary emanating directly from the Crown. Which of the statement given above is/are correct?|
A) 1 and 2
B) 2 only
C) 1 and 3
D) 3 only
Correct Answer: B
Solution :[b] The Regulating Act of 1773 was an Act of the parliament of Great Britain intended to overhaul the management of the East India Company's rule in India. The Act did not prove to be a long-term solution to concerns over the Company's affairs; Pitt's India Act was therefore subsequently enacted in 1784 as a more radical reform.
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