Correct Option: C

Through the Charter Act of 1833, the commercial activities of the East India Company were finally put to an end. The Industrial Revolution in Britain, the consequent search for markets, and the rise of laissez-faire economic ideology from the background to the Government of India Act 1833. The Act removed the Company's remaining trade monopolies and divested it of all its commercial functions and renewed for another twenty years the Company's political and administrative authority.