Consider the following statement about the Regulating Act,1773

1. It was the first step taken by the British Government to control and regulate the affairs of East India Company in India

2. This act made a distinction between the commercial and political activities of the East India Company

3. It prohibited the servants of the Company from engaging in any private trade

Which of the above is/are correct?

1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3

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