Consider the following statements.

1. The Charter Act of 1853 ended the activities of the East India Company as a commercial body.

2. In this Pitt's India Act of 1784, the company's territories in India were for the first time called the 'British possessions in India'.

Which among the above statements is/are correct?

1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2

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