|With reference to Regulating Act, 1773, Consider the following statements :|
|1. It completely subjected the activities of the East India Company to the supervision of the British Government.|
|2. It established a board of control.|
|Which of the statements given above is/are correct?|
A) 1 only
B) 2 only
C) Both 1 and 2
D) neither 1 nor 2
Correct Answer: D
Solution :[d] Board of control was established by Pitt's India Act, 1784. Regulating Act, 1773 only partially subjected the activities of the East India Company to the supervision of the British Government. The main provisions of the act were the appointment of a Governor-General of Fort William in Bengal with supervisory powers over the presidencies of Madras and Bombay. The Governor-General had a council of four and was given a casting vote but no veto.
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