Consider the following statements: 1. The Regulating Act of 1773 was the first important Parliamentary Act passed by the British Parliament, which completely subjected the activities of the East India Company to the supervision of the British Government. 2. One important reason to pass the Regulating Act of 1773 was that many British statesmen wanted to control the activities of the East India Company because they were afraid that the powerful Company would corrupt the English nation and its politics. Which of the statements given above is/are correct?

Consider the following statements: 1. The Regulating Act of 1773 was t

1.	Consider the following statements: 1. The Regulating Act of 1773 was the first important Parliamentary Act passed by the British Parliament, which completely subjected the activities of the East India Company to the supervision of the British Government. 2. One important reason to pass the Regulating Act of 1773 was that many British statesmen wanted to control the activities of the East India Company because they were afraid that the powerful Company would corrupt the English nation and its politics. Which of the statements given above is/are correct?
A.	1 only
B.	2 only
C.	Both 1 and 2
D.	Neither 1 nor 2
Answer» C. Both 1 and 2