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Correct Option is Pitts India Act 1784

Pitt’s India Act of 1784 1. It allowed the Court of Directors to manage the commercial affairs but created a new body called Board of Control to manage the political affairs. Thus, it established a system of double government. 2. The Company’s territories in India were for the first time called the ‘British possessions in India’ 3. The British Government was given supreme control over the Company’s affairs and its administration in India.

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