Which Act accorded statutory recognition to the portfolio system?
A. Regulating Act of 1773
B. Charter Act of 1833
C. Indian Councils Act of 1861
D. Government of India Act of 1858
Answer: Indian Councils Act of 1861
Explanation: The Indian Councils Act of 1861 provided that the Viceroy’s Executive Council should have some Indians as the non-official members while transacting the legislative businesses. It accorded statutory recognition to the portfolio system. Initiated the process of decentralisation by restoring the legislative powers to the Bombay and the Madras Provinces.