Question
Who introduced the Ryotwari System in British India, and
what was its primary characteristic?Solution
The Ryotwari System was introduced by Thomas Munro in the early 19th century, specifically in the Madras Presidency under British rule. This system was characterized by direct collection of land taxes from the farmers or 'ryots' rather than through intermediaries. Each ryot was recognized as the land's proprietor, responsible for paying taxes directly to the state based on land productivity assessments. This system marked a significant shift in revenue collection methods in colonial India, aiming to simplify and increase efficiency.
The Headquarter of NABARD is situated at
..................are a diverse set of institutions and markets that, collectively, carry out traditional banking functions--but do so outside, or in wa...
The demand for bank notes is estimated by the Reserve Bank of India (RBI) using which of the following statistics?
A bag contains 10-paisa, 20-paisa and 50-paisa coins in the ratio of 9:8:10, respectively. If the total amount in the bag is Rs. 150, then find 50% of t...
State Bank Of India unveiled India's first integrated digital platform named ?
Which of the following is true about role of Banks ?
I. It encourages savings habit amongst people and thereby makes funds available for produ...
Which of the following Acts helps a bank in its day to day activities?
Monetary policy is also known as
Magnetic Ink Character recognition is a _______code to identify the bank branch.
A Scheduled Bank is included in the