Mentor’s comment-

• Set the context of the question first by discussing the coming of the East India Company and establishment of its monopoly in India.
• In the body explain how different charter acts diluted the trade monopoly of EIC; Charter Act of 1793: It gave the East India Company a monopoly to trade with East only for a period of 20 years. The Charter Act of 1813; ended the trade monopoly of East India Company in India. Charter Act of 1833; It ended the monopoly in trade with China and the monopoly to trade in tea in India and so on. Discuss the overall impact.
• Conclude on how the British policies ultimately diluted the monopoly of the Company.