The Regulating Act of 1773 mainly reformed the East India Company’s administration in which two key domains?

The correct option is Home-country governance and Indian territorial authority.

Step-by-Step Explanation:

1. Context of the Regulating Act of 1773:
The Regulating Act of 1773 was passed by the British Parliament to establish parliamentary control over the East India Company's affairs in both Britain and India, addressing issues of mismanagement, corruption, and financial crisis within the Company.

2. Core Domains of Reform:
The Act reformed the administrative setup in two main domains:

a. Home-Country Governance (Britain):
It altered the constitution and voting qualifications of the Court of Directors in England, requiring directors to submit reports on civil, military, and revenue affairs to the British Treasury and Secretaries of State, thereby establishing parliamentary supervision over the Company's home management.

b. Indian Territorial Authority:
It restructured the governance in India by elevating the Governor of Bengal to the position of Governor-General of Bengal (assisted by an Executive Council of four members). The Presidencies of Bombay and Madras were subjected to the control and subordination of the Governor-General of Bengal in matters of war and peace, centralizing authority over British territories in India.

Therefore, the Regulating Act of 1773 mainly reformed the East India Company’s administration in the two key domains of Home-country governance and Indian territorial authority.