Question
By which act was the dividend of the East India Company
fixed at 10.5%?Solution
The Charter Act of 1813 fixed the dividend of the East India Company at 10.5%. This act renewed the Company's charter and ended its commercial monopoly, except for the tea and opium trade and trade with China.
Three friends namely Ram, Laxman and Bharat went out for lunch. They divided the entire bill among themselves such that the amount paid by Ram and Laxma...
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