WBCS.LIVE practice question

The Regulating Act of 1773 limited the dividend that could be paid by the East India Company to its shareholders until it repaid a certain loan to the government. What was this limit?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. 4%
  2. 10%
  3. 8%
  4. 6%

Correct answer and explanation

Correct answer: 6%