Which of the following indicates the system introduced by Lord Cornwallis granting legal ownership of land to the zamindars in Bengal in order to get a fixed revenue by a fixed date?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. The Permanent Settlement.
The Permanent Settlement indicates the system introduced by Lord Cornwallis granting legal ownership of land to the zamindars in Bengal in order to get a fixed revenue by a fixed date.
The Permanent Settlement, also known as the Permanent Settlement of Bengal, was implemented in 1793.
It aimed to establish a fixed revenue collection system by granting legal ownership of land to zamindars (landlords) in return for collecting taxes from the peasants.
This system was intended to provide stability in revenue collection for the British East India Company.