Assertion (A): The Charter Act of 1813 marked the end of the British East India Company’s monopoly on trade with India.
Reason (R): The act opened India’s economy to other European nations, allowing them to establish trade networks in India.

Options:

1
Both A and R are true, and R is the correct explanation of A.
2
 Both A and R are true, but R is not the correct explanation of A.
3
A is true, but R is false.
4
A is false, but R is true.

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