Read the passage and answer the question:

The revenue was not realised with punctuality, and lands to a considerable extent were periodically exposed to sale by auction. In the native year 1203 corresponding with 1796-97, the land advertised for sale comprehended a jumma or assessment of sicca rupees 28,70,061, the extent of land actually sold bore a jumma or assessment of 14,18,756, and the amount of purchase money sicca rupees 17,90,416. In 1204, corresponding with 1797-98, the land advertised was for sicca rupees 26,66,191, the quantity sold was for sicca rupees 22,74,076, and the purchase money sicca rupees 21,47,580. Among the defaulters were some of the oldest families of the country. Such were the rajahs of Nuddea, Rajeshaye, Bishenpore, (all districts of Bengal), .... and others, the dismemberment of whose estates at the end of each succeeding year, threatened them with poverty and ruin, and in some instances presented difficulties to the revenue officers, in their efforts to preserve undiminished the amount of public assessment.

Reports like Fifth Report were produced because :

Fifth Report was the method by the British Parliament to regulate and control the East India Company rules.

The correct answer is Option (2) → Fifth Report was the method by the British Parliament to regulate and control the East India Company rules.

The purpose of the Fifth Report was to serve as a method for the British Parliament to regulate and control the rules and activities of the East India Company.

Reports like the Fifth Report often played a crucial role in providing oversight and transparency in the governance of territories under the East India Company's control.

Such reports would enable the British Parliament to Regulating and controlling the East India Company's activities would have been a significant reason for producing reports like the Fifth Report.

So, the correct option is [2].