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  • Question
  • The Limitation Law, which passed by the British in 1859, addressed which one of the following issues?


  • Options
  • A. Loan bonds would not have any legal validity
  • B. Loan bonds signed between money lender and Ryots would have validity only for three years
  • C. Loan bonds could not be executed by money lenders
  • D. Loan bonds would have validity for ten years

  • Correct Answer
  • Loan bonds signed between money lender and Ryots would have validity only for three years 

    Explanation

    The ryots came to see the moneylender as devious and deceitful. They complained of moneylenders manipulating laws and forging accounts. 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. This law was meant to check the accumulation of interest over time. The moneylender, however, turned the law around, forcing the ryot to sign a new bond every three years.

  • Tags: Bank Exams

    More questions

    • 1. The powers to legislate with respect to any matter not enumerated in any of the three lists are mentioned as residuary powers. Which of the following is empowered to determine finally as to whether or not a particular matter falls in this category


    • Options
    • A. Lok Sabha
    • B. Judiciary
    • C. Rajya Sabha
    • D. Parliament
    • Discuss
    • 2. Light travels at the fastest speed in

    • Options
    • A. glass
    • B. water
    • C. hydrogen
    • D. vacuum
    • Discuss
    • 3. Devaluation of currency will be more beneficial if


    • Options
    • A. prices of domestic goods remain constant
    • B. prices of exports remain constant
    • C. prices of imports remains constant
    • D. prices of exports rise proportionately
    • Discuss
    • 4. The first hand glider was designed by...?

    • Options
    • A. Leonardo DaVinci
    • B. The Wright brothers
    • C. Francis Rogallo
    • D. Galileo
    • Discuss
    • 5. Which of the following dances is a solo dance?

    • Options
    • A. Ottan Thullal
    • B. Kuchipudi
    • C. Yakshagana
    • D. Odissi
    • Discuss
    • 6. Eritrea, which became the 182nd member of the UN in 1993, is in the continent of

    • Options
    • A. Asia
    • B. Africa
    • C. Europe
    • D. Australia
    • Discuss
    • 7. The main chemical constituent of the oil of cardamom which is responsible for flavour of this oil is

    • Options
    • A. cineole
    • B. engenol
    • C. geraniol
    • D. limonene
    • Discuss
    • 8. In which decade was the telegraph invented?

    • Options
    • A. 1810s
    • B. 1840s
    • C. 1870s
    • D. 1890s
    • Discuss
    • 9. The speed of your net access is defined in terms of...

    • Options
    • A. RAM
    • B. MHz
    • C. Kbps
    • D. Megabytes
    • Discuss
    • 10. The famous character 'Pickwick' was created by

    • Options
    • A. Steven Spielberg
    • B. Leo Tolstoy
    • C. Walt Disney
    • D. Charles dickens
    • Discuss


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