Consider the following statements about 'the Charter Act of 1813':

1. It ended the trade monopoly of the East India Company in India except for trade in tea and trade with China.

2. It asserted the sovereignty of the British Crown over the Indian territories held by the Company.

3. The revenues of India were now controlled by the British Parliament.

Which of the statements given above are correct?

The correct answer is 1 and 2 only.

Detailed Explanation:

Let us analyze each statement regarding the Charter Act of 1813:

1. Statement 1 is correct:
The Charter Act of 1813 renewed the charter of the East India Company for another 20 years. However, due to pressure from British merchants demanding free trade, the Act ended the East India Company's trade monopoly in India. The Company retained its monopoly only in two specific areas: trade in tea and trade with China.

2. Statement 2 is correct:
The Act explicitly asserted the sovereignty of the British Crown over the Indian territories held by the East India Company. It clearly defined the Crown's ultimate authority over the constitutional status of British India.

3. Statement 3 is incorrect:
Although the Act required the Company to keep its commercial accounts and territorial revenues separate and laid down rules for the expenditure of Indian revenues, direct parliamentary control over the revenues of India was not established by the Charter Act of 1813. The revenues of India came under the direct management and control of the British Parliament later, primarily through the Government of India Act 1858 following the Revolt of 1857.

Therefore, only statements 1 and 2 are correct.