Consider the following statements 1. The East India Company's monopoly of Indian trade was abolished by the Charter Act of 1853. 2. Under the Government of India Act 1858, the British Parliament completely abolished the East India Company and assumed the responsibility of ruling India directly. Which of the above statement(s) is/are correct?

Consider the following statements 1. The East India Company's monopoly

1.	Consider the following statements 1. The East India Company's monopoly of Indian trade was abolished by the Charter Act of 1853. 2. Under the Government of India Act 1858, the British Parliament completely abolished the East India Company and assumed the responsibility of ruling India directly. Which of the above statement(s) is/are correct?
A.	only 1
B.	only 2
C.	1 and 2
D.	neither 1 nor 2
Answer» C. 1 and 2