Consider the following statements:
1. Parliamentary Supervision was introduced in East India Company for the first time by Regulating Act of 1773
2. Deteriorating finances of the East India Company was one of the reasons of introducing the Regulating Act of 1773
3. India’s first Supreme Court, Fort William, Calcutta was established via Regulating Act of 1773
Which among the above statements is / are correct?

Answer: [D] 1, 2 & 3

This question is a part of GKToday's Integrated IAS General Studies Module