Revenue Settlement System
The 'revenue settlement' in colonial India refers to:
- System of collecting sales tax
- System of land revenue collection by the colonial government — Correct Answer
- System of distributing dividends
- System of paying wages
Explanation:
Correct Answer Explanation
Revenue settlement refers to the system of land revenue collection introduced by the colonial government.
Key Points:
- Dates for depositing revenue were strictly fixed.
- Failure meant zamindars lost their rights.
- Led zamindars to extract maximum rent from cultivators.
- Major forms: Zamindari, Ryotwari, Mahalwari systems.
📚 About this Topic — CH-1: INDIAN ECONOMY ON THE EVE OF INDEPENDENCE
This multiple choice question is from CH-1: INDIAN ECONOMY ON THE EVE OF INDEPENDENCE, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-1: INDIAN ECONOMY ON THE EVE OF INDEPENDENCE to strengthen your preparation.
