The Permanent Settlement came into operation in which of the following years?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 1793.
The Permanent Settlement, also known as the Permanent Settlement of Bengal, came into operation in the year 1793.
The system was implemented by the British East India Company under the leadership of Lord Cornwallis. It fixed the land revenue that zamindars (landowners) had to pay to the British, which was set at 89% of the estimated produce of the land. This system was meant to provide a steady revenue stream for the British government, but it had long-term negative effects on the peasants and the economy, as zamindars often exploited the farmers to meet their fixed payments.