Who was the famous economist and celebrated figure in England whose ideas were adopted by British officials in formulating the terms of Ryotwari Settlement?
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → David Ricardo
By the 1820s the economist David Ricardo was a celebrated figure in England, and British officials worked with his ideas when they framed the terms of the early revenue settlement in Maharashtra in the 1820s.
NCERT (2026-27): “3.2 A new revenue system … When officials devise policies, their thinking is deeply shaped by economic theories they are familiar with. By the 1820s, the economist David Ricardo was a celebrated figure in England. Colonial officials had learnt Ricardian ideas during their college years. In Maharashtra when British officials set about formulating the terms of the early settlement in the 1820s, they operated with some of these ideas.…” |