In the given question, a statement of Assertion is followed by a statement of Reason. Mark the correct answer.

Assertion: In England, many groups wanted a revocation of the Royal Charter that gave a monopoly to East India Company over trade with India and China.
Reason: Many private traders wanted a share in the Indian trade, and the industrialists of Britain were keen to open up the Indian market for British manufacturers.

Both the Assertion and the Reason are correct and the Reason is the correct explanation of the Assertion.

There were many groups in Britain who were opposed to the monopoly that the East India Company had over trade with India and China. These groups wanted a revocation of the Royal Charter that gave the Company this monopoly. An increasing number of private traders wanted a share in the Indian trade, and the industrialists of Britain were keen to open up the Indian market for British manufacturers. Many political groups argued that the conquest of Bengal was benefiting only the East India Company but not the British nation as a whole.