UPSC Polity Question
With reference to the Regulating Act of 1773, consider the following statements: 1. It made the governors of Bengal, Bombay and Madras presidencies independent of one another. 2. It provided for the establishment of High Courts at Calcutta, Bombay and Madras. 3. It recognized, for the first time, the political and administrative functions of the company. How many statements given above are correct?
A. Only one
B. Only two
C. All three
D. None
Correct Answer:
A. Only one
Explanation:
Statement 1 is incorrect: The Act made the governors of Bombay and Madras subordinate to the Governor-General of Bengal. Statement 2 is incorrect: The Act established a Supreme Court at Calcutta in 1774, not High Courts in the three presidencies. Statement 3 is correct: The Regulating Act of 1773 was the first step by the British Parliament to regulate the company's affairs and recognized its political and administrative functions.