Practicing Success

Target Exam

CUET

Subject

History

Chapter

Modern India: Colonialism and the Countryside

Question:

What was the life of the loan bonds in years signed between moneylenders and ryots as per the Limitation Law?

Options:

One year

Two years

Three years

Four years

Correct Answer:

Three years

Explanation:

In 1859 the British passed a Limitation Law that stated that the loan bonds signed between moneylenders and ryots would have validity for only three years.