Question
With reference to Permanent settlement system of land
Revenue policy of British, consider the following statements: 1. Hereditary rights of Zamindar were recognized as absolute and it cannot be annulled under any circumstances. 2. The Zamindar need not give tenant a patta describing the area of the land given to him and the rent he had to pay the landlord. Which of the above Statements is/are correct?Solution
● Statement 1 and 2 are incorrect: Landlords or Zamindars were recognised as the owners of the land. They were given hereditary rights of succession of the lands under them. The Zamindars could sell or transfer the land as they wished. However, The Zamindars’ proprietorship would stay as long as he paid the fixed revenue at the said date to the government. If they failed to pay, their rights would cease to exist and the land would be auctioned off. The amount to be paid by the landlords was fixed. The fixed amount was 10/11th portion of the revenue for the government and 1/10th was for the Zamindar. This tax rate was way higher than the prevailing rates in England. The Zamindar also had to give the tenant a patta which described the area of the land given to him and the rent he had to pay the landlord. The system did not produce fruitful results for zamindars and peasants. The system was made permanent in 1793 before which it was a decennial settlement in 1790.
Find the simple interest and total amount on ₹6500 at 6% per annum for 4 years.
A sum is lent on compound interest for 2 years at 13% p.a. If the compound interest on the sum is Rs.4153.5, find the sum.
The interest earned when a sum is invested at simple interest of 20% p.a., for 3 years, is Rs. 1500. What will be the total amount received after 2 year...
If the difference between compound interest (compounded annually) and simple interest earned in two years at 15% p.a., is Rs. 450, then find the sum in...
Anoop invested a sum at a simple interest rate of 8% per annum, and it grew to Rs.1,850 in 6 years. If the same sum is invested at a compound interest r...
- Calculate the simple interest on Rs. 7,500 at the rate of 12% per annum for 18 months.
A certain sum is invested at a compound interest rate, compounded annually, which grows to Rs. 12,240 after 2 years and to Rs. 17,625.6 after 4 years. I...
Anita and Rohan each invested a sum of ₹12,000 for 2.5 years at 20% compound interest per annum. However, while for Anita the interest was compounded ...
- A certain sum was invested at simple interest. After 5 years, it became (117/ ninety) times the amount it had reached in 3 years. Find the annual rate of i...
- What will be the total amount earned after 3 years on an investment of Rs. 45,000 at 10% per annum simple interest?