The British Parliament introduced some laws to keep control over the affairs of the company.

Question

Explain the following statements with reason:

The British Parliament introduced some laws to keep control over the affairs of the company.

Answer 1

1. The ‘Dual Government’ system was introduced by Robert Clive in Bengal in 1765. 

2. But, sometimes, the officers of the company pocketed money. 

3. As monopoly of trade was given to East India Company, many trading companies in England envied them.

4. The working system of the company was criticised in the British Parliament. So, to keep control on the affairs of the company, the British Parliament introduced some laws.