Indian Economy — 9 Modern Indian History PYQs with Answers | UKPSC PYQ Hub

Question 1

Permanent Settlement in Bengal and Bihar was introduced by?

Accepted Answer

Cornwallis. Permanent Settlement in Bengal and Bihar was introduced by Lord Cornwallis in 1793. By the terms of the settlement, the Rajas and Taluqdars were recognized as zamindars. They were asked to collect rent from the peasants and pay revenue to the Company.

Question 2

Who introduced 'Financial Decentralization' in India ?

Accepted Answer

Lord Mayo. Viceroy Lord Mayo introduced 'Financial Decentralization' in India.

Question 3

Act which enforced Diarchy system was enacted in?

Accepted Answer

1919. The Government of India Act 1919 introduced diarchy system in India. The Diarchy was system of double government.

Question 4

Thomas Munro is known for his work in which field?

Accepted Answer

Land settlement. Thomas Munro was one of the most popular British Administrator in South India. He was famous for introducing a radically deferent method of revenue management known as the Rayotwari settlement. In this settlement revenue was collected directly from cultivators.

Question 5

Who had expressed the view that 'British Economic' policy in India is loathsome?

Accepted Answer

Karl Marx. Karl Marx expressed the view that 'British Economic' policy in India is loathsome and it will lead to revolution.

Question 6

Who propounded the theory of 'Economic Drain'?

Accepted Answer

Dadabhai Naoroji. Dadabhai Naoroji propounded the Theory of Economic Drain in which he explained how the colonial power drained wealth from India.

Question 7

Mahalwari system was related to

Accepted Answer

Land revenue. In the north western provinces of the Bengal Presidency, an englishman called Holt Mackenzie devised the "Mahalwari" system, which came into effect in 1822. The authority to collect the revenue and paying it to the East India Company was given to the village headman, rather than the zamindar. This system came to be known as the Mahalwari settlement.

Question 8

The 'Sunset' law was associated with which of the following land revenue system?

Accepted Answer

Permanent settlement. The permanent settlement of Bengal was brought into effect by the Governor-General Lord Cornawallis in 1793. This was an agreement between the company and the Zaminadars to fix the land revenue. First enacted in Bengal, Bihar and Odisha, this was later followed in northern Madras presidency and the district of Varanasi.