With reference to the “Board of Control” in the East India Company, consider the following statements:
1. It was formed by Pitts India Act of 1784
2. It controlled the commercial matters of the company
3. It was abolished by the Government of India Act 1858
Which among the above statements is/ are correct?

Answer: [D] 1, 2 & 3 are correct

Board of Control was formed as a measure for increasing the control of the British crown on the administration of the east India company in India by Pitt’s India act of 1784. It consisted of six unpaid privy councillors, one of whom was the president with a casting vote. The Board had no patronage and did not interfere in commercial matters, but it had power to superintend, direct and control all acts relating to the civil or military government or the revenues the east India company’s officers in India were subject to the approval of the Board which also could send its own orders without the consent of the directors. After the mutiny when the government of India was transferred to the British crown by the government of India act, 1858, the Board of control as such was abolished.

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