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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

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    • A. Aptiva
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    • 2. On July 12, 1982, the ARDC was merged into


    • Options
    • A. RBI
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    • C. EXIM Bank
    • D. None of the above
    • Discuss
    • 3. Outer covering of virus made up of protein is

    • Options
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    • Options
    • A. Report
    • B. Field
    • C. Record
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    • 5. In which year did Milkha Singh win the first National title in the 400 m race?

    • Options
    • A. 1955
    • B. 1956
    • C. 1957
    • D. 1970
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    • 6. Bismillah Khan was associated with?

    • Options
    • A. Sarod
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    • C. Flute
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    • 7. The light of distant stars is affected by


    • Options
    • A. the earth's atmosphere
    • B. interstellar dust
    • C. both (a) and (b)
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    • Options
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    • C. Meteors
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    • Options
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    • B. Author webpages
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    • Options
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