2019 · Q4
The Limitation Law, which was passed by the British in 1859, addressed which one of the following issues?
General KnowledgeHistory of India
- ALoan bonds would not have any legal validity.
- BLoan bonds signed between money-lender and Ryots would have validity only for three years. General Knowledge M.M. : 100 comprises four responses (answers). You will select the response feel that there is more than one correct response, mark the response response for each item. Answer Sheet provided. See directions in the Answer Sheet. mArked by A cAndIdATe In The objecTIve TyPe For each question for which a wrong answer has been given to that question will be deducted as penalty. be treated as a wrong answer even if one of the given answers as above to that question. the candidate, there will be no penalty for that question.
- CLand bonds could not be executed by moneylenders.
- DLoan bonds would have validity for ten years.
Explanation
The Limitation Law of 1859 provided that loan bonds executed between moneylenders and ryots would have legal validity for only three years. This forced moneylenders to get the bonds renewed within that period, typically consolidating the original principal with accumulated interest into a fresh bond. The law thus deepened peasant indebtedness and is cited among the agrarian grievances that fed the Deccan unrest of the 1870s. Options A, C and D misstate its provisions. Hence option B is correct.