Practicing Success

Target Exam

CUET

Subject

History

Chapter

Modern India: Colonialism and the Countryside

Question:
Which law was passed by the Britishers to check the accumulation of interest with moneylenders over the time taken from ryots?
Options:
Permanent Settlement
Limitation Law
Credit Law
Ryotwari Settlement.
Correct Answer:
Limitation Law
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.