Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy on the Eve of Independence

Question:

During the British rule, zamindars exploited the farmers. According to you what was the major interest of the zamindars at that point of time?

Options:

The main interest was to produce crops for the purpose of commercialization

The main interest was to exploit the farmers by extracting maximum profits in the form of rent

The main interest was to improve the economic conditions of the farmers by developing the agricultural sector

The main interest was the economic development of the country as whole which would have eventually helped in the industrialization process of Britain

Correct Answer:

The main interest was to exploit the farmers by extracting maximum profits in the form of rent

Explanation:

As Indian economy was an agrarian economy, Britishers knew that the maximum revenue can be generated from this sector only. Thus, they introduced land revenue settlement system. Zamindari system was one of its type which snatched the ownership of the farmers and gave it to Zamindars. Eventually, these zamindars exploited farmers by charging them with high percentage of taxes. So, we can conclude that the major interest was to extract maximum profits in the form of rent from the farmers.